- day before (2/27/17): #12, 15, 59, 97
Weight Watchers beats by $0.01, misses on revs; guides FY17 EPS above consensus:
- Reports Q4 (Dec) earnings of $0.20 per share, $0.01 better than the Capital IQ Consensus of $0.19; revenues rose 3.2% year/year to $267.4 mln vs the $274.7 mln two analyst estimate.
- End of Period Subscribers in Q4 2016 were up 9.7% versus the prior year period, primarily driven by continued recruitment growth in North America where End of Period Subscribers increased 12.3%. Q4 2016 End of Period Meeting Subscribers were up 10.4% and End of Period Online Subscribers were up 9.2% versus the prior year period. Total Paid Weeks in Q4 2016 were up 10.1% versus the prior year period. Q4 2016 Meeting Paid Weeks increased 9.6% and Online Paid Weeks increased 10.5%. These gains were led by growth in North America where Total Paid Weeks grew 13.2% in Q4 2016.
- Co issues upside guidance for FY17, sees EPS of $1.15-1.25, excluding $0.15 tax benefit, vs. $1.15 Capital IQ Consensus Estimate.
- "We delivered positive member recruitment growth in every quarter of 2016, ending the year with 10% more subscribers than the prior year," said Nick Hotchkin, the Company's CFO and Member, Interim Office of the CEO. "So far in 2017 our global marketing campaigns are driving strong member recruitment and interest in our Beyond the Scale program. With the year off to a good start, we are confident we will deliver revenue growth and higher profitability throughout the year."
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