WW INTERNATIONAL, INC. [WW] has reported a net loss of $112,255,000.0 for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $889.6 million
Based in NEW YORK, New York, WW INTERNATIONAL, INC. operates in the SERVICES sector.
In the latest annual report for the fiscal year ending Dec. 30, 2023, compared to the same period in the previous year, the company generated net revenues of $889.55 million, which decreased by $150.28 million from $1,039.84 million in the prior year. The cost of revenues for the current period amounted to $360.25 million, indicating a decrease from $418.46 million in the previous year.
The gross profit for the current year was $529.30 million, lower than the prior year's $621.38 million. Operating income for the year was $22.33 million, a significant improvement from the operating loss of $283.97 million in the previous year.
Interest expense for the current year increased to $95.89 million from $81.14 million in the prior year. The net loss for the current year was $112.26 million, compared to a net loss of $256.87 million in the previous year.
The basic earnings per share for the current year were negative at ($1.46), a decrease from the negative ($3.65) in the prior year. Similarly, the diluted earnings per share for the current year were also negative at ($1.46), down from the prior year's negative ($3.65).
In terms of subscription revenues, the company reported net revenues of $822.76 million for the current year, a decrease from $919.06 million in the previous year. The cost of revenues for subscriptions was $301.06 million for the current year compared to $321.53 million in the previous year.
For product and other revenues, the company reported net revenues of $66.80 million in the current year, down from $120.78 million in the prior year. The cost of revenues related to products and other services was $59.19 million for the current year, a decrease from $96.93 million in the previous year.