The company reported net income, excluding items, of $55.6 million and earnings per diluted share of 98 cents, which smashed the consensus estimate of 77 cents a share. Revenue declined 15.6% year-over-year to $397.5 million but still beat analysts' expectation of $387.66 million.
Weight Watchers also increased its full-year EPS guidance to a range of $1.65 to $1.85 from a range of $1.45 to $1.70. Analysts expect EPS of $1.63.
The stock was up 12.8% to $23.70 at 4:43 p.m.
Separately, TheStreet Ratings team rates WEIGHT WATCHERS INTL INC as a "sell" with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate WEIGHT WATCHERS INTL INC (WTW) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: WTW Ratings ReportWTW data by YCharts