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Weight Watchers rallies after strong Q1

Published 05/04/2018, 07:30 AM
© Reuters.  Weight Watchers rallies after strong Q1
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  • Weight Watchers International (NYSE:WTW) jumps after posting a strong Q1 earnings report.
  • Subscriber count rose 28.6% during the quarter and paid weeks were up 27% Y/Y. Average retention is over 9 months.
  • The company now has 2.9M online subscribers.
  • Looking ahead, Weight Watchers expects 20% revenue growth this year and full-year EPS of $3.00 to $3.20, well clear of the $2.57 consensus estimate.
  • In the investment firm community, Craig-Hallum lifts its price target on Weight Watchers to a Street-high $120.
  • WTW +8.18% premarket to $75.66. The 52-week high on WTW is $77.19.
  • Now read: Oprah Sells 2.36 Million Shares Of Weight Watchers (Maybe She Read My Bearish Article)


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