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WW International (WW)

WW (formerly Weight Watchers) is a human-centric technology company powered by the world's leading commercial weight management program. As a global wellness company, it inspires millions of people to adopt healthy habits for real life. Through its comprehensive digital app, expert Coaches and engaging experiences, members follow its proven, sustainable, science-based program focused on food, activity, mindset and sleep. Leveraging nearly six decades of expertise in nutritional and behavioral change science, providing real human connection and building inspired communities, its purpose is to democratize and deliver holistic wellness for all.

Company profile

Ticker
WW
Exchange
CEO
Mindy Grossman
Employees
Incorporated
Location
Fiscal year end
Former names
WEIGHT WATCHERS INTERNATIONAL INC
SEC CIK
Subsidiaries
Fortuity Pty. Ltd. • WW Services (Aust) Pty Ltd • WW Belgium NV • Vigilantes do Peso Marketing Ltda. • WW Canada, Ltd. • Weight Watchers Asia Holdings Ltd. • Weight Watchers de Colombia Ltda. • Kurbo, Inc. • QHC, LLC • WW North America Holdings, LLC ...
IRS number
116040273

WW stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 127.64M 127.64M 127.64M 127.64M 127.64M 127.64M
Cash burn (monthly) 8.72M (no burn) 3.35M (no burn) 3.48M (no burn)
Cash used (since last report) 24.5M n/a 9.41M n/a 9.79M n/a
Cash remaining 103.14M n/a 118.23M n/a 117.85M n/a
Runway (months of cash) 11.8 n/a 35.3 n/a 33.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jun 22 Michael Lysaght Common Stock Payment of exercise Dispose F No No 6.65 635 4.22K 64,870
14 Jun 22 Michael Lysaght Common Stock Option exercise Acquire M No No 0 1,759 0 65,505
14 Jun 22 Michael Lysaght RSU Common Stock Option exercise Dispose M No No 0 1,759 0 0
16 May 22 Kossover Amy RSU Common Stock Grant Acquire A No No 0 12,698 0 12,698
16 May 22 Kossover Amy NQSO Common Stock Grant Acquire A No No 7.79 22,742 177.16K 22,742
16 May 22 Colosi Michael F RSU Common Stock Grant Acquire A No No 0 18,060 0 18,060
16 May 22 Colosi Michael F NQSO Common Stock Grant Acquire A No No 7.79 64,790 504.71K 64,790
16 May 22 Michael Lysaght RSU Common Stock Grant Acquire A No No 0 26,355 0 26,355
16 May 22 Michael Lysaght NQSO Common Stock Grant Acquire A No No 7.79 94,548 736.53K 94,548
16 May 22 Amy K O'Keefe RSU Common Stock Grant Acquire A No No 0 27,553 0 27,553
13F holders Current Prev Q Change
Total holders 207 200 +3.5%
Opened positions 51 44 +15.9%
Closed positions 44 46 -4.3%
Increased positions 64 63 +1.6%
Reduced positions 49 54 -9.3%
13F shares Current Prev Q Change
Total value 971.04M 2.2B -55.8%
Total shares 75.14M 78.79M -4.6%
Total puts 975.6K 1.99M -50.9%
Total calls 819.3K 3.94M -79.2%
Total put/call ratio 1.2 0.5 +136.4%
Largest owners Shares Value Change
Artal 14.82M $151.59M 0.0%
Westend 14.82M $352.23M 0.0%
BLK Blackrock 8.4M $85.92M +0.7%
Vanguard 7.58M $77.55M +26.4%
Senvest Management 4.75M $48.54M +3.4%
Miller Value Partners 4.14M $42.32M +0.4%
STT State Street 1.86M $19.02M +3.4%
Geode Capital Management 929.97K $9.51M +0.7%
FHI Federated Hermes 913.66K $9.35M NEW
Stadium Capital Management 798.94K $8.17M -72.1%
Largest transactions Shares Bought/sold Change
Sessa Capital IM 0 -2.51M EXIT
Stadium Capital Management 798.94K -2.07M -72.1%
Vanguard 7.58M +1.59M +26.4%
ThornTree Capital Partners 0 -1.42M EXIT
FHI Federated Hermes 913.66K +913.66K NEW
Prentice Capital Management 0 -816.35K EXIT
Granite Investment Partners 0 -740.82K EXIT
Russell Investments 0 -625.16K EXIT
Candlestick Capital Management 0 -600K EXIT
D. E. Shaw & Co. 575.8K +575.8K NEW

Financial report summary

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Competition
MedifastHome Bistro
Risks
  • The ongoing global outbreak of the COVID-19 virus is adversely impacting, and will continue to adversely impact, our business and may adversely impact our liquidity.
  • Competition from other weight management and wellness industry participants or the development of more effective or more favorably perceived weight management methods could result in decreased demand for our services and products.
  • A failure to continue to retain and grow our subscriber base could adversely affect our results of operations and business.
  • We may not be able to successfully implement our strategic initiatives, which could adversely impact our business, financial conditions or results of operations.
  • Our reputation could be impaired due to actions taken by our franchisees, licensees, suppliers and other partners.
  • We may be required to recognize asset impairment charges for indefinite- and definite-lived assets.
  • Loss of key personnel, strategic partners or consultants or failure to effectively manage and motivate our workforce could negatively impact our sales of services and products, business, financial condition and results of operations.
  • Expiration or early termination by us of leases could have an adverse impact on our financial results.
  • Our business may decline as a result of a downturn in general economic conditions or consumer confidence.
  • We may not successfully make acquisitions or enter into joint ventures or collaborations and we may not successfully integrate, operate or realize the anticipated benefits of such businesses.
  • The seasonal nature of our business could cause our operating results to fluctuate.
  • Any event that discourages or impedes people from gathering with others, whether at a gathering place, work or otherwise, or impedes accessing resources could adversely affect our business.
  • If we do not maintain effective internal control over financial reporting, we could fail to report our financial results accurately.
  • Our substantial amount of debt and our debt service obligations, as well as our exposure to variable rate indebtedness, could adversely affect our financial condition, and the restrictions of our debt covenants could impede our operations and flexibility.
  • We may not be able to generate sufficient cash to service all of our debt and satisfy our other liquidity requirements.
  • Any failure of our technology or systems to perform satisfactorily could result in an adverse impact on our business.
  • Our reputation and the appeal of our services and products may be harmed by data security breaches and other malicious acts or privacy concerns.
  • Third parties may infringe on our brands and other intellectual property rights, which may have an adverse impact on our business.
  • Our international operations expose us to regulatory, economic, political, social and intellectual property risks in the countries in which we operate.
  • We are exposed to foreign currency risks from our international operations that could adversely affect our financial results.
  • Our business is subject to legislative and regulatory restrictions.
  • Artal has significant influence over us and may have conflicts of interest with us or the holders of our common stock.
  • If our existing large shareholders sell a substantial amount of shares of our common stock, the market price of our common stock could decline.
  • Our articles of incorporation and bylaws and Virginia corporate law contain provisions that may discourage a takeover attempt.
Management Discussion
  • Cash flows used for operating activities of $10.5 million for the first quarter of fiscal 2022 reflected a decrease of $1.4 million from $11.9 million of cash flows used for operating activities for the first quarter of fiscal 2021. The decrease in cash used for operating activities was primarily the result of a decrease in cash used for operating assets and liabilities for the first quarter of fiscal 2022 as compared to the prior year period.
  • Cash flows used for operating activities of $11.9 million for the first quarter of fiscal 2021 reflected a decrease of $20.3 million from $8.4 million of cash flows provided by operating activities for the first quarter of fiscal 2020. The decrease in cash provided by operating activities was primarily the result of an increase in net loss of $12.2 million for the first quarter of fiscal 2021 as compared to the prior year period.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
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