How is Weight Watchers doing financially?

Revenue fell to $311 million from $334 million a year ago. “We have a comprehensive plan to optimize performance in the second half of the year and position us well for growth in 2022.” WW guided for full-year 2021 revenue approaching $1.3 billion and GAAP EPS in a range between $1.10 and $1.25.

Does Oprah Winfrey still own WW?

Media icon Oprah Winfrey, and her charitable foundation, continued to sell millions of dollars of Weight Watchers stock through automated transactions. A WW director since October 2015, Winfrey now owns 4.8 million WW shares, while the foundation owns none.

How much of WW Does Oprah own?

Weight Watchers Oprah owns around 8% of the company and was given the option to buy an additional 4.3% of the company’s common stock on a fully diluted basis after signing a new partnership with the company.

What is Weight Watchers company worth?

WW International

Formerly Weight Watchers (1963–2018)
Revenue $1.5 billion (2018)
Operating income $267.305 million (2017)
Net income $163.514 million (2017)
Total assets 1.246 billion (2017)

Who is Weight Watchers biggest competitor?

Weight Watchers International’s top competitors include MyFitnessPal, Retrofit, Arivale and Noom.

What has happened to Weight Watchers?

The company rebranded as WW in 2018, but it’s still selling the same unhealthy diet culture. In 2018, Weight Watchers changed its name to WW, two letters attached to the tagline “wellness that works.” It was moving away from the thing that it seemed like the company was all about—dieting.

Does Heinz own Weight Watchers?

Weight Watchers used to be owned by Heinz. Heinz company, the ketchup manufacturer. Heinz purchased Weight Watchers for $71 million in 1978; they sold the business off to a European investment firm in 1999, but maintained a small stake and still distribute frozen foods bearing the Weight Watchers brand.

What food company owns Weight Watchers?

the Heinz Corporation
Weight Watchers became a wholly owned subsidiary of the Heinz Corporation, but Nidetch and Lippert retained majority ownership, and the basic tenets of the program remained intact. The weekly group meetings continued to be synonymous with the Weight Watcher’s name.

What is wrong with Weight Watchers?

While Weight Watchers has its positive attributes, it also may lead to unhealthy dieting habits. Some people feel the constant tracking is unpleasant, and others may manipulate points (such as skipping meals to bank points for less healthy foods). It also can be costly over time.

When did Oprah buy Weight Watchers?

In 2015, Winfrey bought an estimated 10% stake, over six million shares in the weight loss company when the stock was trading under $7 a share, it’s now selling above $40. Since then, the has. taken some of her WW chips off the table after selling a portion of her stock in March of 2018.

Is there an alternative to Weight Watchers?

Mayo Clinic Diet is cheaper than the WW coaching program, but is pretty comparable in price to their online-only option. Either way, it’s very affordable and great choice for anyone looking for a doctor-approved way to lose weight.