** charts before earnings **
** chart after earnings **
Weight Watchers reports EPS in-line, misses on revs; updates FY16 EPS guidance :
- Reports Q2 (Jun) earnings of $0.46 per share, in-line with the Capital IQ Consensus of $0.46; revenues were unchanged from the year-ago period at $309.8 mln.
- End of Period Subscribers were up 5.0% for Q2 2016 versus the prior year period, driven by continued recruitment growth in North America where End of Period Subscribers increased 8.6%, partially offset by declines in the United Kingdom and Continental Europe. Globally in Q2 2016, End of Period Meetings Subscribers were up 6.6% and End of Period Online Subscribers were up 3.8%, both driven by solid gains in North America.
- Total Paid Weeks in Q2 2016 were up 4.2% as compared to the prior year period, with a Meeting Paid Weeks increase of 5.5% and an Online Paid Weeks increase of 3.1%. These gains were driven by strength in North America where Total Paid Weeks grew 8.1% year-over-year, partially offset by declines in international segments.
- Co updates guidance for FY16, sees EPS of $0.90-1.05 (Prior $0.80-1.05) vs. $0.94 Capital IQ Consensus Estimate. This GAAP earnings guidance incorporates an estimated $0.10 per fully diluted share benefit from an R&D tax credit in Q3
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