New York WW, the company that was known for years as Weight Watchers, is trying to"course correct" after some business blunders left Wall Street severely disappointed.The company's stock plunged as much as 28% during after-hours trading Tuesday after WW posted its latest earnings report. Its profits were well below what investors were expecting.WW is in the middle of a campaign to rebrand as a wellness company after spending decades as the biggest name in weight loss programs.
"While we are disappointed with our start to 2019, we are confident that our strategy to focus on providing holistic wellness solutions leveraging our best-in-class weight management program is the right path to support long-term sustainable growth," Grossman said.Read MoreWW's struggles have been bad news for spokesperson Oprah Winfrey: She owns more than 8% of WW's shares. Her stake has shed well over half its value over the past year.
lol earnings fell far short? it was expected to be $0.60 per share and ended up being $0.63. they beat earnings but the bears crushed this stock. at least try to report correctly jackiewattles
Just raise your prices like Texas Roadhouse did 2x this year...propping up their FAKE roadhouse earnings for the sucker shareholders
While McDonalds stock increased !?
Oprah must of sold her stock yesterday
earning were 'lighter' than expected... that's good, right?
Anyone can simply eat less and lose weight. Why pay for them to tell you to eat less?
They’d better get Oprah out on the stump pronto!
CNN. lo veo arrastrándose a la mafia, antes babia credibilidad en Uds., pero ahora veo que están manchando la imagen de la prensa decente.
At least the stock lost some fat
Because the big secret was finally revealed!!! Eat less/move more
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