WW - WW International GAAP EPS of -$0.46 misses by $0.35 revenue of $223.9M misses by $0.7M

2023-03-06 16:21:10 ET

• WW International press release ( NASDAQ: WW ): Q4 GAAP EPS of -$0.46 misses by $0.35 .
• Revenue of $223.9M (-18.9% Y/Y) misses by $0.7M .
• End of Period Subscribers of 3.5 million
• Operating Loss of $50.8 million primarily due to $57.6 million in non-cash intangible impairment charges for Franchise Rights Acquired and Goodwill; Adjusted operating income of $24.2 million excluding the impact of such impairment charges and the net impact of restructuring charges

• Q1 2023 Guidance

• Revenues are expected to be approximately $235.0 million

• Operating Loss, which includes approximately $20.0 million in restructuring charges, is expected to be in the range of ($30.0) million to ($35.0) million

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