Weight Watchers International, Inc. (NYSE: WTW) released its second quarter earnings on Monday, reporting a decline in subscribers despite quarterly earnings beating analysts’ expectations. Weight Watchers said it had lost 100,000 subscribers, dropping from 4.6 Million to 4.5 Million subscribers since the first quarter of 2018. The Company still saw a 27.6% growth in subscribers year over year.
Weight Watchers reported an EPS of USD 1.01 compared to Thomson Reuters’ expectation of USD 0.88. The Company also beat revenue expectations, generating USD 409.7 Million compared to the USD 409.5 Million expected. The revenue growth illustrates a nearly 20% increase year over year.
Operating Income in Q2 2018 was USD 127.7 Million. On a constant currency basis, operating income increased 29.7% versus the prior year period.
The Company raised their full-year guidance, expecting between USD 3.10 per share and USD 3.25 per share, from the previous expected full year earnings of between USD 3.00 per share and USD 3.20 per share.