Weight Watchers Earnings Beat Estimates Despite Stiff Competition
Weight Watchers announced earnings on Wednesday with a bit of a surprise for investors: the company earned $0.38 a share on $409.4 million in revenues versus estimates of $0.09 a share.
Weight Watchers announced earnings on Wednesday with a bit of a surprise for investors. Analysts were expecting earnings of $0.09 a share on $399.2 million in revenues, but Weight Watchers delivered earnings of $0.38 a share on $409.4 million in revenues. CEO Jim Chambers stated that 2014 would be a tough year for the company and he's right. The weight loss company faces competition from diet apps and calorie-counting gadgets from competitors like Nutrisystem.
