Examining The WW Stock Amid Oprah’s Exit From WeightWatchers (2024)

FAQs

Examining The WW Stock Amid Oprah’s Exit From WeightWatchers? ›

The immediate aftermath of Winfrey's departure from WW sent ripples through the stock market, underscoring her pivotal role in the brand's public perception and consumer confidence. With the stock plummeting nearly 25% on the announcement day, it marked a stark indicator of Winfrey's influence on WW's market value.

Oprah Winfrey has revealed why she left her nearly 10-year post as a WeightWatchers board member last month. Her resignation was motivated by her work on an upcoming TV special on the rise of prescription weight-loss drugs, she said during a Thursday appearance on “Jimmy Kimmel Live!”

Oprah Winfrey recently announced that she had stepped down from the board of WeightWatchers and had sold all her stock. The 70-year-old presenter had been part of the setup since 2015, yet she did say that she would remain active in her participation with the organisation.

Winfrey told Kimmel, “I decided [to leave the WeightWatchers board] because this special was really important to me, and I wanted to be able to talk about whatever I want to talk about.” WeightWatchers “is now in the business of being a weight-health company that also administers drug medications for weight.

We are executing on our plan by returning WeightWatchers to profitable growth while transforming our business model for the future.” “We are maintaining our revenue guidance for 2024, including a return to year-over-year growth in subscription revenues,” said Heather Stark, the Company's CFO.

WeightWatchers embracing weight-loss drugs and closing more locations. After decades of emphasizing personal responsibility and behavior change, WeightWatchers is embracing clinical weight loss treatments and is cutting back on the in-person meetings that once defined the company.

Last December, the former TV host revealed that she had been taking weight-loss medication, although she declined to name which one. At the time, she said that the prevalence of drugs like Ozempic “feels like relief, like redemption, like a gift, and not something to hide behind and once again be ridiculed for.”

Ownership: Weight Watchers is a publicly owned company traded on the New York Stock Exchange. Prinicpal Subsidiary Companies European Investment firm Artal Luxembourg purchased 80 percent of the company from H.J. Heinz in 1999.

Now: 176 lbs.

WW Stock 12 Month Forecast

Based on 4 Wall Street analysts offering 12 month price targets for WW International in the last 3 months. The average price target is $3.75 with a high forecast of $6.00 and a low forecast of $1.50. The average price target represents a 201.20% change from the last price of $1.25.

Are WeightWatchers in trouble? ›

Weight-loss companies face heavy competition from injectable drugs such as Ozempic, Wegovy and Mounjaro, which have in recent years skyrocketed in popularity around the world. WeightWatchers suffered a loss of more than $88 million in 2023, according to a financial report released by the company this week.

FTC Takes Action Against Company Formerly Known as Weight Watchers for Illegally Collecting Kids' Sensitive Health Data | Federal Trade Commission.

She averages about 1,700 well-balanced calories daily, and her diet is about 20 percent protein, 30 percent fat (and rich in healthy fats), and 50 percent carbohydrates (good ones like whole grains, fruits, and vegetables).

WW's competitors and similar companies include MyFitnessPal, Noom, Cult. fit and Trainerize. WW International (formerly known as Weight Watchers International) is a wellness technology company that provides weight management services. MyFitnessPal is a company developing a platform for keeping a food diary.

In an attempt to rebrand itself away from what you might consider your mother's diet program, Weight Watchers has officially changed its name to WW. The abbreviation pays homage to the brand's history, without focusing solely on the scale; instead, the revamped company preaches wellness and healthy living.

Lifetime Memberships

When you achieve Lifetime, you'll receive a free subscription to our digital tools and unlimited Workshops!

Jean Evelyn Nidetch (October 12, 1923 – April 29, 2015) was an American businessperson and the founder of Weight Watchers. Brooklyn, New York, U.S. Parkland, Florida, U.S. She died on April 29, 2015, of natural causes at her home in Parkland, Florida, at the age of 91.

In addition to the $43.2 million Winfrey paid for her initial stake, she was awarded stock options by the company over the years. Once the initial payment and exercise costs of the options were stripped out, Winfrey netted $221 million from the stock sales, Verity data shows.