WW Stock Drops On Weak Q2 Results: Details
Portfolio Pulse from Erica Kollmann
WW International, Inc. (NASDAQ:WW) shares dropped after the company reported worse-than-expected Q2 results, including a quarterly loss of 13 cents per share and lower-than-expected sales of $202.1 million. The company also cut its full-year revenue forecast and announced a restructuring plan aimed at saving $100 million annually.
August 01, 2024 | 3:55 pm
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WW International reported a quarterly loss of 13 cents per share, missing estimates, and lower-than-expected sales of $202.1 million. The company also cut its full-year revenue forecast and announced a restructuring plan to save $100 million annually.
The worse-than-expected Q2 results, including a quarterly loss and lower-than-expected sales, along with a cut in the full-year revenue forecast, are likely to negatively impact WW's stock price in the short term. The announced restructuring plan may provide some long-term optimism, but the immediate reaction is expected to be negative.
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