Weight Watchers shares tank as earnings misses, subscribers decline

By | November 2, 2018

Weight Watchers shares tanked nearly 14 percent Thursday after the company said the number of subscribers had declined for the second quarter in a row and its third-quarter earnings and revenue missed expectations.

its vision to keep customers longer.

“We have accomplished a great deal in 2018; however, I believe the true impact of our bold moves will be realized in 2019 and beyond,” CEO Mindy Grossman said in a statement.

For the full-year, the company narrowed its forecast to a range of between $ 3.15 and $ 3.25 per share from between $ 3.10 and $ 3.25 per share.

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