NASDAQ
12 hours, 44 minutes ago 
WW
Ww International, INC
8-K: WW International Faces Delisting from Nasdaq Amid Chapter 11 Proceedings
WW International (Weight Watchers) receives notice of delisting from Nasdaq following the commencement of voluntary prepackaged Chapter 11 cases.
Worse than expected
 
NASDAQ
2 days, 23 hours ago 
WW
Ww International, INC
8-K: WW International Files for Chapter 11 to Restructure Debt, Aims for Quick Exit
WW International, Inc. initiates a pre-packaged Chapter 11 reorganization to eliminate $1.15 billion in debt and enhance its financial flexibility.
NASDAQ
3 days, 13 hours ago 
WW
Ww International, INC
10-Q: WW International Faces Debt Restructuring Amidst Financial Challenges
WW International is in discussions to restructure its debt and anticipates a prepackaged bankruptcy filing due to financial difficulties and an expected event of default.
Worse than expected
 
NASDAQ
3 days, 13 hours ago 
WW
Ww International, INC
8-K: WW International Announces Q1 2025 Results, Clinical Subscriptions Surge Amid Debt Restructuring
WW International reports a 9.7% revenue decrease in Q1 2025, but sees a 57.1% increase in clinical subscription revenues and is engaged in discussions for a plan of reorganization to significantly reduce debt.
Worse than expected
 
NASDAQ
18 days, 13 hours ago 
WW
Ww International, INC
DEF: WW International Sets Date for 2025 Annual Shareholder Meeting, Outlines Key Proposals
WW International announces its 2025 Annual Meeting of Shareholders to be held virtually on June 6, 2025, featuring proposals for director elections, auditor ratification, and executive compensation approval.
NASDAQ
21 days, 13 hours ago 
WW
Ww International, INC
Form 4: WW International Executive Michael Amsel Awarded Restricted Stock Units
Chief Marketing Officer Michael Amsel receives 524,109 restricted stock units in WW International, Inc.
NASDAQ
39 days, 13 hours ago 
WW
Ww International, INC
Form 4: WW International CEO Tara Comonte Reports Stock Transactions
Tara Comonte, President and CEO of WW International, reports the acquisition and disposal of common stock and restricted stock units on March 27, 2025.
NASDAQ
49 days, 13 hours ago 
WW
Ww International, INC
8-K: WW International Faces Nasdaq Delisting Notice After Share Price Drops Below $1.00
WW International (WeightWatchers) received a notice from Nasdaq for failing to maintain a minimum share price of $1.00, putting its listing at risk.
Worse than expected
 
NASDAQ
67 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International CEO Tara Comonte Reports Stock Transactions
Tara Comonte, President and CEO of WW International, reports the acquisition and disposal of common stock and restricted stock units on February 27, 2025.
NASDAQ
70 days, 21 hours ago 
WW
Ww International, INC
10-K: WW International Reports Fiscal Year 2024 Results: Transformation Efforts Continue Amidst Market Challenges
WW International faces revenue decline due to shifts in consumer behavior and increased competition, but focuses on strategic initiatives and cost management.
Worse than expected
 
NASDAQ
71 days, 12 hours ago 
WW
Ww International, INC
8-K: WW International Announces Mixed Q4 and Full Year 2024 Results; Names Tara Comonte Permanent CEO
WW International reports a decrease in overall subscribers and revenue for Q4 and full year 2024, but sees growth in its clinical subscription business and improved margins.
Worse than expected
 
NASDAQ
95 days, 12 hours ago 
WW
Ww International, INC
8-K: WW International Borrows $121.3 Million Under Revolving Credit Facility
WW International draws down the remaining available amount under its senior secured revolving credit facility to enhance financial flexibility.
Worse than expected
 
NASDAQ
100 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International Interim CEO Tara Comonte Reports Stock Transactions
Tara Comonte, Interim President and CEO of WW International, reports the acquisition and disposal of common stock and restricted stock units on January 27, 2025.
NASDAQ
127 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International Director William H. Shrank Acquires Deferred Stock Units
Director William H. Shrank acquired 3,696 deferred stock units in WW International, Inc. on December 30, 2024.
NASDAQ
127 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International Director Acquires Shares Subject to Transfer Restrictions
Tracey D. Brown, a director at WW International, acquired 3,696 shares of common stock subject to transfer restrictions on December 30, 2024.
NASDAQ
127 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International Director Steven Altschuler Reports Acquisition of Deferred Stock Units
Director Steven Altschuler reported the acquisition of 3,696 deferred stock units in WW International, Inc. on December 30, 2024.
NASDAQ
127 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International Director Julie J. Rice Acquires Shares
Julie J. Rice, a director at WW International, acquired 3,696 shares of common stock on December 30, 2024.
NASDAQ
127 days, 12 hours ago 
WW
Ww International, INC
Form 4: Thilo Semmelbauer Reports Acquisition of Deferred Stock Units in WW International, Inc.
Director Thilo Semmelbauer acquired 3,696 deferred stock units in WW International, Inc. on December 30, 2024, according to a Form 4 filing.
NASDAQ
127 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International Director Julie Bornstein Acquires Shares
Director Julie Bornstein acquired 3,696 shares of WW International, Inc. common stock on December 30, 2024.
NASDAQ
127 days, 12 hours ago 
WW
Ww International, INC
Form 4: WW International Director Denis F. Kelly Acquires Deferred Stock Units
Director Denis F. Kelly acquired 3,696 deferred stock units of WW International, Inc. on December 30, 2024.
WW 
Ww International, INC 
NASDAQ

8-K: WW International Borrows $121.3 Million Under Revolving Credit Facility

Sentiment:
 8-K Filing
 3 February 2025 4:15 PM

WW International draws down the remaining available amount under its senior secured revolving credit facility to enhance financial flexibility.

Worse than expected
  The company needed to draw down the remaining amount of its revolving credit facility, which may indicate financial strain. 

Summary
  • WW International borrowed approximately $121.3 million on January 31, 2025, under its senior secured revolving credit facility.
  • This borrowing represents the remaining available amount under the Revolving Credit Facility.
  • Following the borrowing, the aggregate principal amount outstanding under the Revolving Credit Facility is $175.0 million, including approximately $3.7 million of undrawn letters of credit.
  • The company states the borrowing was to provide financial flexibility and not to address near-term liquidity requirements.
  • WW International intends to explore transactions to strengthen its balance sheet and increase financial flexibility and plans to engage with lenders and bondholders.
  • The company acknowledges forward-looking statements are subject to risks and uncertainties as detailed in their SEC filings.
Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the company drawing down its credit facility, indicating potential financial challenges, although they state it's for flexibility.

Highlights
  • WW International borrowed $121.3 million under its senior secured revolving credit facility on January 31, 2025.
  • The total outstanding borrowings under the Revolving Credit Facility now amount to $175.0 million, including $3.7 million in undrawn letters of credit.
  • The company aims to strengthen its balance sheet and increase financial flexibility through future transactions.
  • WW International plans to engage with lenders and bondholders in the coming months.
Positives
  • The company has secured additional financial flexibility through the borrowing.
  • WW International is proactively evaluating its capital structure to improve its financial position.
  • The company intends to engage with lenders and bondholders to explore options for strengthening the balance sheet.
Negatives
  • The company needed to draw down the remaining amount of its revolving credit facility.
  • The company has $175 million outstanding under the Revolving Credit Facility.
Risks
  • The company's forward-looking statements are subject to risks and uncertainties detailed in their SEC filings.
  • Actual results could differ materially from those projected in the forward-looking statements.
Future Outlook

WW International intends to explore transactions to strengthen its balance sheet and increase its financial flexibility and plans to engage with lenders and bondholders in the coming months.

Management Comments
  • The borrowings under the Revolving Credit Facility were incurred to provide financial flexibility and not to address near term liquidity requirements.
  • We continue to actively evaluate our capital structure and intend to explore transactions to strengthen our balance sheet and increase our financial flexibility.
  • We look forward to engaging with our lenders and bondholders in the coming months.
Industry Context

Many companies in the consumer discretionary sector are currently managing debt and liquidity in response to changing consumer behavior and economic uncertainty. WW International's actions are consistent with a broader trend of companies seeking to bolster their financial positions.

Comparison to Industry Standards
  • Other companies in the weight management and wellness industry, such as Nutrisystem and Herbalife, also utilize credit facilities for operational and strategic purposes.
  • The size and terms of WW International's Revolving Credit Facility are typical for companies of its size and revenue within the industry.
  • However, the need to draw down the remaining amount may indicate a more pressing need for financial flexibility compared to peers with stronger cash positions.
Stakeholder Impact
  • Shareholders may be concerned about the increased debt level.
  • Lenders and bondholders will be engaged in discussions regarding the company's capital structure.
  • Employees may experience uncertainty related to the company's financial position.
Next Steps
  • WW International plans to engage with lenders and bondholders in the coming months.
  • The company will continue to evaluate its capital structure and explore transactions to strengthen its balance sheet.
Key Dates
  • 2021-04-13: Date of the original credit agreement.
  • 2023-12-30: End of the fiscal year for the Annual Report on Form 10-K.
  • 2024-02-28: Filing date of the Annual Report on Form 10-K for the fiscal year ended December 30, 2023.
  • 2025-01-31: Date of the borrowing under the Revolving Credit Facility.
  • 2025-01-31: Date of the report.
  • 2025-02-03: Date of signature of the report.
Keywords
WW 
Ww International, INC 
NASDAQ
Sector: TBD
 
Filings with Classifications
Worse than expected
9 May 2025 5:03 PM
8-K Filing
  • The company received a delisting notice from Nasdaq.
  • The company has commenced voluntary prepackaged cases under chapter 11 of title 11 of the United States Code.
  • Trading of WW International's common stock is expected to be suspended on May 16, 2025.
Worse than expected
6 May 2025 4:13 PM
Quarterly Report
  • The company's financial results were worse than expected due to declining revenues and increasing losses.
  • The company's leverage ratio was worse than required by its debt covenants, leading to an expected event of default.
  • The company's outlook is worse than expected due to the anticipation of a bankruptcy filing.
Worse than expected
6 May 2025 4:03 PM
Earnings Release
  • Overall revenues decreased by 9.7% year-over-year, indicating a decline in the core business.
  • Total subscribers decreased by 14.2% year-over-year, suggesting challenges in retaining and attracting customers.
  • The company is planning a prepackaged filing under Chapter 11 of the U.S. Bankruptcy Code, indicating financial distress.
Worse than expected
21 March 2025 4:05 PM
8-K Filing
  • WW International received a notice from Nasdaq for failing to maintain a minimum share price of $1.00, which is worse than expected.
Worse than expected
28 February 2025 7:14 AM
Annual Results
  • The company's revenue decreased by 11.6% compared to the previous year.
  • The company recorded a net loss of $345.7 million, a significant increase from the net loss of $112.3 million in the previous year.
  • The company's operating loss was $236.2 million, compared to an operating income of $22.3 million in the previous year.
Worse than expected
27 February 2025 4:01 PM
Earnings Release
  • Overall subscriber numbers and total revenues decreased in both Q4 and full year 2024.
  • Digital and Workshops + Digital businesses experienced declines in subscribers and paid weeks.
  • The company reported a significant operating loss for the full year, driven by non-cash impairment charges.
Worse than expected
3 February 2025 4:15 PM
8-K Filing
  • The company needed to draw down the remaining amount of its revolving credit facility, which may indicate financial strain.
Worse than expected
6 November 2024 4:03 PM
Quarterly Report
  • The company's Q3 2024 results were worse than expected due to a significant net loss, a decline in revenue, and substantial impairment charges.
  • The company's net loss for the first nine months of 2024 was significantly worse than the same period in 2023 due to a large impairment charge.
Worse than expected
6 November 2024 7:05 AM
Quarterly Report
  • The company's revenue and overall subscriber numbers were down compared to the prior year, indicating worse than expected results.
Worse than expected
1 August 2024 7:13 AM
Quarterly Report
  • The company's revenue declined by 10.9% in the second quarter and 12.8% for the first six months of 2024, indicating worse than expected performance.
  • The company recorded a significant net loss of $324.6 million for the first six months of 2024, primarily due to a large impairment charge, which is worse than expected.
Worse than expected
1 August 2024 7:05 AM
Quarterly Report
  • The company's revenue decreased by 10.9% year-over-year, indicating worse than expected performance.
  • The company's net income decreased by 54.2% year-over-year, indicating worse than expected performance.
  • The company's total end of period subscribers decreased by 6.1% year-over-year, indicating worse than expected performance.
Worse than expected
24 May 2024 5:15 PM
Amendment to 8-K Filing
  • The proposal to adopt a majority voting standard for uncontested director elections was not approved by shareholders, which is a negative outcome for the company's governance structure.
  • The initial voting results were erroneous, requiring a correction, which reflects poorly on the company's internal processes.
Worse than expected
9 May 2024 5:39 PM
Quarterly Report Amendment
  • The company's net loss of $347.9 million is significantly worse than the $118.7 million loss in the same period last year.
  • The company's revenue decreased by 14.6%, indicating a worse performance compared to the prior year.
  • The company's operating loss of $269.3 million is significantly worse than the $28.6 million loss in the prior year.
Worse than expected
9 May 2024 4:30 PM
Quarterly Report Amendment
  • The company's revenue decreased by 14.6% year-over-year, indicating a worse performance than expected.
  • The company reported a significant operating loss of $269.3 million, primarily due to non-cash impairment charges, which is worse than expected.
  • The company's total end of period subscribers decreased by 0.5% year-over-year, indicating a worse performance than expected.
Worse than expected
2 May 2024 4:09 PM
Quarterly Report
  • The company's net loss of $347.9 million is significantly worse than the $118.7 million loss in the same quarter last year.
  • The company's revenue decreased by 14.6%, indicating a decline in business performance.
  • The company incurred a $258 million impairment charge on franchise rights, further impacting the financial results.
Worse than expected
2 May 2024 4:05 PM
Quarterly Report
  • The company reported a significant operating loss of $269.3 million, primarily due to non-cash impairment charges, which is worse than expected.
  • Subscription revenues decreased by 3.7% on a constant currency basis, indicating a decline in core business performance.
  • Other revenues declined dramatically by 92.0% on a constant currency basis, which is a significant negative impact.
Better than expected
14 March 2024 4:41 PM
Regulation FD Disclosure
  • The company is on track to exceed its previously provided guidance for clinical subscribers, indicating better than expected performance.
Worse than expected
28 February 2024 4:29 PM
Annual Results
  • The company's revenue decreased by 14.5% year-over-year, indicating worse than expected performance.
  • The company's gross profit decreased by 14.8% year-over-year, indicating worse than expected performance.
  • The company's operating income margin decreased by 4.6% year-over-year, indicating worse than expected performance.
Worse than expected
28 February 2024 4:06 PM
Quarterly Report
  • The company's revenue decreased by 7.6% in Q4 2023 and 14.5% for the full year 2023, indicating worse than expected performance.
  • The company reported a net loss of $88.1 million in Q4 2023 and $112.3 million for the full year 2023, which is worse than the prior year.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.