Oprah Winfrey stands to lose big on her investment in Weight Watchers after disappointing subscriber numbers.
FILE - In this March 6, 2018 file photo, Oprah Winfrey attends The Museum of Modern Art's David Rockefeller Award Luncheon honoring Oprah Winfrey at the Ziegfeld Ballroom in New York. Winfrey stands to see the value of her investment in Weight Watchers shrink after the company said it hasn't signed up as many subscribers as it hoped this winter and expects its profits to suffer. Weight Watchers International's stock tumbled more than 30 percent in after-hours trading Tuesday, Feb.
NEW YORK — Oprah Winfrey stands to see the value of her investment in Weight Watchers shrink after the company said it hasn’t signed up as many subscribers as it hoped this winter and expects its profits to suffer. Weight Watchers International’s stock tumbled more than 30 percent in after-hours trading Tuesday. If that carries over into regular-session trading Wednesday, it would translate to a paper loss of about $50 million for Winfrey.
The New York-based weight-loss program operator says it now expects to earn between $1.25 and $1.50 a share this year. Analysts polled by FactSet had been expecting $3.38 a share. CEO Mindy Grossman says the company hopes to pull in more subscribers this spring, with Winfrey playing a central role in its upcoming TV and digital marketing campaign.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Oprah Winfrey's stake in Weight Watchers falls by $48 million after shares crater 30 percentAs of Tuesday's close, Winfrey's stake in Weight Watchers was valued at $160.18 million. It dropped by $45.7 million in a matter of minutes after the company reported disappointing earnings.
Weiterlesen »
Weight Watchers' earnings fall far short, and stock plunges nearly 30%WW, the company that was known for years as Weight Watchers, is trying to 'course correct' after some business blunders left Wall Street severely disappointed.
Weiterlesen »
Stocks making the biggest moves after hours: Weight Watchers, Papa John's, Mylan and moreSee which stocks are posting big moves after the bell on February 26.
Weiterlesen »
Oprah’s stake in Weight Watchers has shrunk by half a billion dollarsSince Weight Watchers announced a name change and a new tagline in September, the company’s stock has dropped by 60 percent.
Weiterlesen »
Here comes Weight Watchers...Weight Watchers is set to report fourth-quarter results after Tuesday's closing bell.
Weiterlesen »
WW, formerly Weight Watchers, craters 28 percent after posting weak 4Q results and 2019 forecastWW, formerly known as Weight Watchers, shares cratered 28 percent Tuesday after the company posted disappointing fourth-quarter results and gave a weak 2019 forecast as the company tries to pivot to a wellness company from a diet brand.
Weiterlesen »
Here comes Weight Watchers... (WTW) | Markets InsiderWeight Watchers crashes as earnings guidance is less than half of what was expected
Weiterlesen »
Weight Watchers stock plummets more than 30% after earnings show mixed results, weak guidance
Weiterlesen »
Workouts for each fitness goal from weight loss to finding your absCongratulations, you've made it to the gym, but now what? There are so many workout programs out there, how do you know which one to do?
Weiterlesen »