Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. On March 4, 2009, Weight Watchers International ( WTW) reported that its Q4 FY08 earnings grew 19.6%, helped by a reduction in the company's tax charges in the United Kingdom. Net income rose to $47.60 million or $0.62 per share from $39.80 million or $0.50 per share in Q4 FY07. Excluding one-time items, the company earned $42.60 million or $0.55 per share, which beat the most recent consensus estimate of $0.52 per share. Total revenue, including the impact of value added tax, increased marginally to $346.20 million from $344.00 million a year ago. However, excluding the net benefit, total revenues were down 1.6% to $338.40 million. Segment-wise, Meeting Fees edged up 2.8% to $214.50 million from $208.70 million, while Internet revenues advanced 10.8% to $43.20 million from $39.00 million in Q4 FY07. However, Product Sales shrunk 10.7% to $63.10 million from $70.70 million, and revenue from Franchise Commissions plunged 13.9% to $3.10 million from $3.60 million a year ago. Finally, other revenue totaled $22.20 million compared to $22.10 million in Q4 FY07. Geographically, North American sales declined to $179.90 million, as a result of 5.3% drop in North American product sales. In addition, International sales dipped 1.4% to $97.70 million, dragged-down by a 17.3% slump in product sales. WTW's total paid weeks advanced 11.2% to 30.80 million, while total attendance dropped to 12.80 million from 13.00 million a year ago. The company had 679,000 active online subscribers of weightwatchers.com, compared to 584,000 a year ago. Recently, Weight Watchers paid a regular quarterly dividend of $0.175 per share. For FY08, WTW's net income rose 1.5% to $204.30 million or $2.60 per share from $201.20 million or $2.48 per share a year ago, while revenue increased 4.7% to $1.54 billion from $1.47 billion in FY07. Looking ahead to FY09, the company expects its earnings to range between $2.50 per share and $2.75 per share.