Shares of Weight Watchers parent WW have soared in 2023, boosted by the purchase of weight-loss drug prescriber Sequence.
Shares of Weight Watchers parent WW International Inc. fell 4.8% Wednesday after a report that rival Jenny Craig is planning to make layoffs.Citing internal communications to employees, NBC reports that Jenny Craig will shut its doors. In an email sent to employees late Tuesday Jenny Craig said it... Shares of Weight Watchers parent WW International Inc. fell 4.8% Wednesday after a report that rival Jenny Craig is planning to make layoffs.
Related: Why Weight Watchers is buying a company that prescribes popular weight-loss drugs like OzempicMarketWatch has reached out to Jenny Craig and HIG Capital with a request for comment on this story. WW International’s WW stock has risen 99.9% in 2023, fueled by the weight-management and wellness company’s purchase of weight-loss drug prescriber Sequence.
The Weight Watchers parent spent $132 million to acquire privately held Weekend Health Inc., which operates the Sequence telehealth platform. Sequence prescribes popular weight-loss drugs such as Ozempic, as well as diabetes drugs.
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