Weight Watchers CEO Mindy Grossman rings the opening bell at the Nasdaq earlier this year (photo via Mindy Grossman's Twitter page).
Keto Cuts Into Weight Watchers
Shares of Weight Watchers International (WTW) came tumbling down Wednesday on weaker-than-expected results which CEO Mindy Grossman blamed in part on competition from keto (very low carbohydrate) diets:
We are in a very competitive environment. So we have Keto becoming a cultural meme and these things happen very so often. And we are not going to change our DNA. We lived through this for 57