WW INTERNATIONAL Reports Second Quarter FY2023 Earnings Results on August 3 2023
August 11, 2023
🌥️Earnings Overview
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.
Share Price
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
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
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…
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 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.
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