WW International Files 10-Q, Details Financials
Ticker: WW · Form: 10-Q · Filed: Aug 1, 2024 · CIK: 105319
| Field | Detail |
|---|---|
| Company | Ww International, Inc. (WW) |
| Form Type | 10-Q |
| Filed Date | Aug 1, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, restructuring
TL;DR
WW Intl 10-Q filed: financials look stable, restructuring charges noted.
AI Summary
WW International, Inc. filed its 10-Q for the period ending June 29, 2024. The filing details financial performance and operational updates. Key financial data and restructuring charges are presented, reflecting ongoing business activities and strategic adjustments.
Why It Matters
This 10-Q provides insight into WW International's financial health and strategic direction, which can impact investors and stakeholders.
Risk Assessment
Risk Level: medium — The filing contains details on restructuring charges and financial performance, which can indicate potential business challenges or strategic shifts.
Key Numbers
- $105319 — Central Index Key (Unique identifier for WW International, Inc.)
Key Players & Entities
- WW INTERNATIONAL, INC. (company) — Filer of the 10-Q
- 20240629 (date) — End of the reporting period
- 20240801 (date) — Filing date
- WEIGHT WATCHERS INTERNATIONAL INC (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 29, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 1, 2024.
What was the company's former name?
The company's former name was WEIGHT WATCHERS INTERNATIONAL INC.
What is the company's primary business address?
The company's business address is 675 AVENUE OF THE AMERICAS, 6TH FLOOR, NEW YORK, NY 10010.
What is the SIC code for WW International, Inc.?
The Standard Industrial Classification (SIC) code for WW International, Inc. is 7200, which falls under SERVICES-PERSONAL SERVICES.
Filing Stats: 4,473 words · 18 min read · ~15 pages · Grade level 17.9 · Accepted 2024-08-01 07:13:52
Filing Documents
- ww-20240629.htm (10-Q) — 3083KB
- ww-ex10_1.htm (EX-10.1) — 74KB
- ww-ex31_1.htm (EX-31.1) — 16KB
- ww-ex31_2.htm (EX-31.2) — 16KB
- ww-ex32_1.htm (EX-32.1) — 14KB
- 0000950170-24-088946.txt ( ) — 11724KB
- ww-20240629.xsd (EX-101.SCH) — 1386KB
- ww-20240629_htm.xml (XML) — 2323KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 2 Unaudited Consolidated Balance Sheets at June 29, 2024 and December 30, 2023 2 Unaudited Consolidated Statements of Operations for the three and six months ended June 29, 2024 and July 1, 2023 3 Unaudited Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 29, 2024 and July 1, 2023 4 Unaudited Consolidated Statements of Changes in Total Deficit for the three and six months ended June 29, 2024 and July 1, 2023 5 Unaudited Consolidated Statements of Cash Flows for the six months ended June 29, 2024 and July 1, 2023 6 Notes to Unaudited Consolidated Financial Statements 7 Cautionary Notice Regarding Forward-Looking Statements 25 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 48 Item 4.
Controls and Procedures
Controls and Procedures 48
—OTHER INFORMATION
PART II—OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 49 Item 1A.
Risk Factors
Risk Factors 49 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49 Item 3. Defaults Upon Senior Securities 49 Item 4. Mine Safety Disclosures 49 Item 5. Other Information 49 Item 6. Exhibits 50
—FINANCI AL INFORMATION
PART I—FINANCI AL INFORMATION
FINANCI AL STATEMENTS
ITEM 1. FINANCI AL STATEMENTS WW INTERNATIONAL, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATE D BALANCE SHEETS AT (IN THOUSANDS) June 29, December 30, 2024 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 42,709 $ 109,366 Receivables (net of allowances: June 29, 2024 - $ 2,025 and December 30, 2023 - $ 1,041 ) 13,412 14,938 Prepaid income taxes 12,878 25,370 Prepaid marketing and advertising 1,898 10,149 Prepaid expenses and other current assets 17,194 19,651 TOTAL CURRENT ASSETS 88,091 179,474 Property and equipment, net 18,203 19,741 Operating lease assets 47,861 52,272 Franchise rights acquired 128,164 386,526 Goodwill 241,872 243,441 Other intangible assets, net 54,213 63,208 Deferred income taxes 16,615 19,683 Other noncurrent assets 19,237 17,685 TOTAL ASSETS $ 614,256 $ 982,030 LIABILITIES AND TOTAL DEFICIT CURRENT LIABILITIES Portion of operating lease liabilities due within one year $ 9,492 $ 9,613 Accounts payable 25,119 18,507 Salaries and wages payable 40,434 79,096 Accrued marketing and advertising 14,028 18,215 Accrued interest 5,345 5,346 Deferred acquisition payable 14,608 16,500 Other accrued liabilities 22,122 22,610 Income taxes payable 35,373 1,609 Deferred revenue 33,849 33,966 TOTAL CURRENT LIABILITIES 200,370 205,462 Long-term debt, net 1,428,553 1,426,464 Long-term operating lease liabilities 49,043 53,461 Deferred income taxes 21,933 41,994 Other 1,640 15,743 TOTAL LIABILITIES 1,701,539 1,743,124 TOTAL DEFICIT Common stock, $ 0 par value; 1,000,000 shares authorized; 130,048 shares issued at June 29, 2024 and 130,048 shares issued at December 30, 2023 0 0 Treasury stock, at cost, 50,344 shares at June 29, 2024 and 50,859 shares at December 30, 2023 ( 3,040,679 ) ( 3,064,628 ) Retained earnings 1,970,791 2,3