Revenue: WW International is expected to report third-quarter revenue of $221.6 million, as compared to $249.7 million in the same period last year.
Profit: The weight management services company is forecasted to post earnings per share of 14 cents, a significant improvement from the reported loss of $2.93 per share in the previous year.
Here are the key factors to watch for in WW International’s upcoming earnings report:
Investors will be interested in the company’s guidance for the future. In August, WW International projected a full-year revenue range of $890 million to $910 million. Analysts polled by FactSet expect revenue of $900.8 million for 2023.
WW International’s efforts to optimize its real-estate footprint and streamline its organizational structure will be worth noting. These initiatives contributed to a record high adjusted gross margin in the previous quarter.
Earlier this year, WW International acquired telehealth company Sequence, enabling it to prescribe weight-loss drugs. Investors will be eager to learn about any impact these new drugs have had on the company’s earnings.