-=Weight Watchers (WTW) reported earnings on Mon 6 Aug 2018 (a/h)

Weight Watchers beats by $0.13, reports revs in-line; guides FY18 EPS above consensus 

• Reports Q2 (Jun) earnings of $1.01 per share, $0.13 better than the Capital IQ Consensus of $0.88; revenues rose 19.9% year/year to $409.7 mln vs the $409.49 mln Capital IQ Consensus.
  • Service revs of $343.7 mln, +21.5% Y/Y
  • 4.5 mln end of period subscirbers, +27.6% Y/Y
  • Gross margin percentage of 59.7% in Q2 2018, up from 55.3% in the prior year period
• Co issues upside guidance for FY18, sees EPS of $3.10-3.25 vs. $2.90 Capital IQ Consensus Estimate.
  • Previous guidance of $3.00-3.20