WW International Inc., the company that oversees the weight-loss program Weight Watchers, forecast first-quarter sales that were below expectations.
WW International Inc., the company that oversees the weight-loss program Weight Watchers, forecast first-quarter sales that were below expectations Monday, and said member signups were down so far this year amid a shift in marketing spending.
WW WW issued the forecasts shortly after the Wall Street Journal reported that the weight-loss plan provider would buy telehealth platform Sequence for $106 million. The Journal said the move would give WW access to the market for drugs like Ozempic and Wegovy that combat diabetes and obesity.WW forecast first-quarter sales of around $235 million, compared with FactSet estimates for $244 million.
For the fourth quarter, end-of-period subscribers fell 14.9%, amid a pullback in the company’s digital business.
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