WW International, Inc. (formerly Weight Watchers International, Inc.) is a leading global wellness and weight management company headquartered in New York City, with operations across North America, Europe, and other international regions. Founded by Jean Nidetch in 1963, the company has evolved from community-based weight-loss meetings into a comprehensive digital-first ...WW International, Inc. (formerly Weight Watchers International, Inc.) is a leading global wellness and weight management company headquartered in New York City, with operations across North America, Europe, and other international regions. Founded by Jean Nidetch in 1963, the company has evolved from community-based weight-loss meetings into a comprehensive digital-first wellness platform. Core offerings include subscription-based mobile apps and web tools that provide personalized nutrition plans, activity tracking, behavioral modification techniques, and social support. The company also sells branded food products, snack bars, cookbooks, and kitchen tools, and licenses its trademarks for use in consumer goods. Revenue streams include subscriptions, product sales, and licensing fees, with a recent pivot towards clinical weight-management solutions. As of recent data, WW employs approximately 3,500 people and trades on NASDAQ (symbol: WW). The company has faced financial challenges, reflected in negative profit margins and stock price volatility, but continues to adapt through strategic partnerships and a shift to include prescription weight-loss drugs. Key leadership has included notable figures such as Mindy Grossman and current CEO Sima Sistani, who has emphasized scientific and medical integration. WW's mission centers on helping individuals achieve sustainable behavior change and wellness, leveraging both technology and human connection.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$710.6M
-9.6%
-4.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$1.1B
+405.5%
+127.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+71.8%
+5.9%
+21.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+6.5%
-34.8%
+133.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+148.6%
+437.8%
+128.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-46.4M
-39.5%
+146.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-6.5%
-54.3%
+148.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
147.3%
+210.7%
-13.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.69x
+185.0%
+16.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: WeightWatchers Second Quarter 26 Earnings Conference Call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Anna Kate Heller from Investor Relations. Please go ahead. Thank you for joining us today for the WeightWatchers second quarter 2026 earnings conference call. Also released a shareholder letter and press release on our second quarter 2026 results which are available on the company's corporate website located at corporate.ww.com. The purpose of this call is to provide investors with some further details regarding the company's results, as well as to provide a general update on the company's progress. Reconciliations of non-GAAP measures disclosed on this conference call to those directly comparable GAAP financial measures are also available as part of the shareholder letter and press release. Before we begin, let me remind everyone that this call will contain forward-looking statements. Investors should be aware that any forward-looking statements are subject to various risks and uncertainties could cause actual results to differ materially from those discussed here today. These risk factors are explained in detail in the company's latest annual report on Form 10-K, quarterly reports on Form 10-Q, earnings release, the shareholder letter, and as updated by the company's other filings with the Securities and Exchange Commission. Please refer to these filings for a more detailed discussion of forward-looking statements and the risks and uncertainties of such statements. All forward-looking statements are made as of today, and except as required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. Joining today's call are Felicia DellaFortuna, chief financial officer and Jonathan Volkmann, chief operations officer. Both are members of the interim office of the chief executive.
Jonathan Volkmann: Thanks, Anna Kate. Good afternoon, everyone. Thank you all for joining us. Before we get started, I encourage everyone to look at our shareholder letter which we posted on our corporate website. While the market today is increasingly filled with companies offering prescription without expert guidance and support, WeightWatchers provides the best of both worlds. Not only do our members have access to the most effective FDA approved GLP-1 medications, they also benefit from the backing of an extraordinary team of experts who can guide them at every step along the way. That includes clinicians trained to support people with obesity, who are actively helping members understand and navigate the benefits and challenges of GLP-1 therapy. It includes registered …