WW INTERNATIONAL Reports Q2 FY2023 Earnings Results
August 14, 2023
🌥️Earnings Overview
WW INTERNATIONAL ($NASDAQ:WW) announced its financial performance for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the quarter amounted to USD 226.8 million, representing a decrease of 15.8% year-over-year. The company posted net income of USD 50.8 million for the period, compared to a net loss of -4.6 million in the same quarter of the prior year.
Market Price
On Thursday, WW INTERNATIONAL reported its Q2 FY2023 earnings results. The stock opened at $10.8 and closed at $10.7, representing a 2.1% decrease from the previous closing price of $10.9. This performance was lower than expected by analysts, who had previously predicted a more positive outcome from WW INTERNATIONAL’s fiscal quarter. The company reported a decrease in revenue, as well as a decline in operating income over the course of Q2 FY2023. This was a significant change from the positive trend seen in the previous quarter, when WW INTERNATIONAL posted strong earnings results.
Despite these disappointments, the company remained confident in its future prospects, asserting that its long-term strategy was still in place and the fundamentals of the business were still strong. The company’s outlook for the rest of FY2023 is uncertain, but WW INTERNATIONAL is determined to build on the progress it has made so far this year and continue to deliver reliable results to its shareholders. It remains to be seen if WW INTERNATIONAL will be able to turn the tide and return to higher profitability in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ww International. More…
| Total Revenues | Net Income | Net Margin |
| 942.37 | -306.39 | -2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ww International. More…
| Operations | Investing | Financing |
| 23.18 | -77.21 | -5.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ww International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1k | 1.72k | -9.07 |
Key Ratios Snapshot
Some of the financial key ratios for Ww International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -12.7% | -36.1% | -32.5% |
| FCF Margin | ROE | ROA |
| -1.7% | 25.2% | -19.1% |
Analysis
At GoodWhale, we have taken an in-depth look at WW INTERNATIONAL‘s financials and analyzed them based on a range of factors. According to our Risk Rating, WW INTERNATIONAL is a high risk investment in terms of financial and business aspects. We have detected 3 risk warnings on WW INTERNATIONAL’s income sheet, balance sheet, and financial journal. If you would like to learn more about the risks associated with this investment, register on goodwhale.com and access our detailed analysis. We use a range of factors to assess the financial health of a company, such as their liquidity, solvency, capital structure, and creditworthiness. From this information, we can identify potential risks that could affect the value of the company or your return on investment. More…
Peers
The competition between WW International Inc and its competitors is fierce. Each company is striving to be the best in the industry and to provide the best products and services to their customers. Each company has its own strengths and weaknesses, and each is trying to capitalize on those strengths to gain market share.
– Apiam Animal Health Ltd ($ASX:AHX)
Apiam Animal Health Ltd is a company that produces animal health products. Its market cap is 127.97M as of 2022 and its ROE is 4.91%. The company’s products include vaccines, antibiotics, and other animal health products.
– Mu Global Holding Ltd ($OTCPK:MUGH)
Global Gaming Factory’s market cap is 80.24M as of 2022, a Return on Equity of 69.19%. The company is in the business of online gaming, and owns and operates a number of online gaming platforms. The company’s platforms include a social gaming platform, an online casino, and a sports betting platform. The company also owns and operates a number of online gaming websites.
– Medifast Inc ($NYSE:MED)
Medifast Inc is a health and wellness company that provides safe and effective weight-loss and disease management products and services. The company has a market cap of 1.31B as of 2022 and a ROE of 74.54%. Medifast Inc’s products and services are backed by a team of experts who are committed to helping people live healthier lives. The company’s products are available through a network of more than 1,700 weight-loss clinics, online retailers, and direct-to-consumer channels. Medifast Inc’s products are safe and effective, and they have been proven to help people lose weight and keep it off.
Summary
WW International reported its earnings results for the second quarter of FY2023, showing a decrease in total revenue of 15.8%. Net income saw an improvement from a net loss of -4.6 million to USD 50.8 million this quarter. Investors may consider this as a positive sign as WW International is on the path to recovery from the pandemic-related economic slowdown of the previous year. However, as the company is still not meeting pre-pandemic levels of revenue, investors should weigh the risks and benefits of investing in the company at this time.
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