WeightWatchers Stock Falls After Q4 Results, Oprah Winfrey Exits
Portfolio Pulse from Erica Kollmann
WW International Inc. (NASDAQ:WW) reported Q4 adjusted losses per share of $1.11 and sales of $206 million, missing estimates slightly. Oprah Winfrey will not seek re-election to the board but plans to continue advocating for health equity and obesity awareness. She will donate her WW stock to the National Museum of African American History and Culture. WW shares fell 22.15% after-hours to $2.97.
February 28, 2024 | 10:12 pm
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WW International reported Q4 losses and a slight miss on sales estimates. Oprah Winfrey's departure from the board and her decision to donate WW stock could influence investor sentiment.
The Q4 financial miss and Oprah Winfrey's exit from the board, coupled with her decision to donate her WW stock, are significant events that could negatively impact investor sentiment in the short term. The after-hours stock price movement suggests a strong market reaction to these developments.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100