Weight Watchers International, Inc.
|Company Name||Weight Watchers International, Inc.|
|Class Period||May 04, 2018 to February 26, 2019|
|Lead Plaintiff Motion Deadline||May 03, 2019|
On February 26, 2019, Weight Watchers issued a press release and conducted a conference call with investors and stock analysts disclosing the Company's financial and operating results for the fourth quarter and fiscal year 2018. Weight Watchers announced that its subscriber count had declined to 3.9 million describers, and stated that enrollment would continue declining during 2019. Specifically, Weight Watchers was targeting revenues of only $1.4 billion for fiscal year 2019, significantly less than the nearly $1.7 billion in revenues it had led the market to expect, and earnings per share ("EPS") of only $1.25 to $1.50, far lower than the EPS of $3.36 that the Company had previously led the market to expect.
On this news, shares of Weight Watchers' fell $10.20 per share, or nearly 35%, to close at $19.37 per share on February 27, 2019, thereby injuring investors.
Submit Your Information
If you suffered a loss on your Weight Watchers International, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.