Weight Watchers shares fell 35 percent on Feb. 27 after the company reported a disappointing start to the year. The company, known for its diet plans, said it had not managed to recruit as many new members as it expected over the winter season.
Media mogul Oprah Winfrey owns around 8 percent of Weight Watchers’ stock after buying shares in 2015 and taking a seat on the board. Winfrey will play a “central role” in the company’s upcoming marketing campaign, said Chief Executive Mindy Grossman. Weight Watchers estimated, in its statement on Feb. 26 after the market had closed, that revenue for 2019 would be around $1.4 billion. Analysts had on average been predicting $1.7 billion, according to I/B/E/S data from Refinitiv.
Reuters johnsfoley What do you expect for a billionaire who will still be one when Weight Watchers is just a memory?
Reuters johnsfoley Flabby? Really? SMH.
Reuters johnsfoley Jo saale suvaar paida hote ki aadhi katva letein hai voh kya poori shidhat se muqabla karenge ?
Reuters johnsfoley It's obviously not working. The main spokesperson is a YoYo dieter with a teeter-totter scale.