WW International Cuts FY24 Revenue Forecast From $830M - $860M To Be At Least $770M; Est $841.835M
Portfolio Pulse from Benzinga Newsdesk
WW International has revised its FY24 revenue forecast downwards from $830M-$860M to at least $770M, below the estimated $841.835M. The company expects an operating loss of up to $180.7M, but adjusted operating income, excluding certain charges, is projected to be at least $100M.
August 01, 2024 | 11:07 am
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WW International has lowered its FY24 revenue forecast to at least $770M, significantly below the previous range of $830M-$860M and the estimated $841.835M. The company also anticipates an operating loss of up to $180.7M, though adjusted operating income is expected to be at least $100M.
The significant downward revision in revenue forecast and the expected operating loss are likely to negatively impact investor sentiment and the stock price in the short term. However, the adjusted operating income projection provides a slight positive offset.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100