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Weight Watchers Profit Slips 18 Percent In 1Q

Stock quotes in this article: WTW  

NEW YORK (AP) — Weight Watchers International Inc. said Thursday that its profit slipped 18 percent in its fiscal first quarter as restructuring charges and the stronger dollar's negative effect on overseas sales hurt the company's results.

Weight Watchers booked a profit of $47.3 million, or 61 cents per share, for the first quarter that ended April 4. That's down from $57.4 million, or 72 cents per share, a year ago.

The company noted, however, that its profit would have totaled 64 cents per share without one-time restructuring charges. ...

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