On August 3, 2023, WW INTERNATIONAL ($NASDAQ:WW) announced its earnings results for the second quarter of FY2023, which ended on June 30, 2023. Total revenue for the period was recorded at USD 226.8 million, representing a 15.8% decrease compared to the same quarter of the previous year. In contrast, net income was reported at USD 50.8 million, in comparison to a net loss of 4.6 million in the same quarter of the prior year.
On Thursday, WW INTERNATIONAL reported second quarter 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.
Additionally, WW INTERNATIONAL’s balance sheet reveals that total assets decreased by 4%, while long-term debt decreased by 5%. Overall, the company posted better than expected results for the second quarter of FY2023, with an increase in both revenue and net profit. WW INTERNATIONAL’s strong financial position and improved balance sheet will help the company continue to generate cash flow into the future. Moving forward, investors will be closely monitoring the company’s performance to ensure continued growth. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Ww International. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ww International. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ww International. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Ww International are shown below. More…
Income Statement Ratios
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After performing an analysis of WW INTERNATIONAL‘s wellbeing, GoodWhale has classified the company as an ‘elephant’, meaning it is rich in assets after deducting off liabilities. This type of company is likely to be of particular interest to value investors who are looking for a long-term investment that will bring steady returns. WW INTERNATIONAL scores an impressive 8 out of 10 on our health score, which indicates it is more than capable to pay off debt and fund future operations. However, its strengths lie in cash flows and debt, with its performance in profitability, asset management, dividends and growth being only medium. Therefore, investors should ensure that they have adequate diversification across their portfolio to offset this weakness. More…
Risk Rating Analysis
Star Chart Analysis
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.
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WW INTERNATIONAL reported total revenue of USD 226.8 million and net income of USD 50.8 million for its second quarter of FY2023, ending June 30 2023. This marks a 15.8% decrease in total revenue compared to the same quarter of the prior year, but a significant improvement in net income, having reported a net loss of 4.6 million in the same quarter of the prior year. Investors should be encouraged by the company’s improved financial performance, indicating a potential for a strong rebound in the upcoming quarters. Further analysis should focus on the sustainability of the revenue and net income growth, as well as other trends in the company’s financials such as cash flow and expenses.