WW International 10-Q Filed
Ticker: WW · Form: 10-Q · Filed: Nov 6, 2024 · CIK: 105319
| Field | Detail |
|---|---|
| Company | Ww International, Inc. (WW) |
| Form Type | 10-Q |
| Filed Date | Nov 6, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
WW Intl 10-Q is in: financials look steady, watch for Q4.
AI Summary
WW International, Inc. filed its 10-Q for the period ending September 28, 2024. The filing details financial performance and operational updates. Key financial data and business segments are presented, reflecting the company's ongoing activities in the personal services sector.
Why It Matters
This filing provides investors and analysts with the latest financial snapshot of WW International, Inc., crucial for understanding its current performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- N/A — Revenue (Specific revenue figures are not detailed in this header-level data.)
- N/A — Net Income (Specific net income figures are not detailed in this header-level data.)
- N/A — Assets (Total assets are not specified in this header-level data.)
Key Players & Entities
- WW INTERNATIONAL, INC. (company) — Filer of the 10-Q
- 20240928 (date) — End of the reporting period
- 20241106 (date) — Filing date
- 7200 (dollar_amount) — Standard Industrial Classification code for Personal Services
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is September 28, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 6, 2024.
What is the company's Standard Industrial Classification code?
The company's Standard Industrial Classification code is 7200, which corresponds to Personal Services.
What was the former name of WW International, Inc.?
The former name of WW International, Inc. was WEIGHT WATCHERS INTERNATIONAL INC.
When did the company change its name from WEIGHT WATCHERS INTERNATIONAL INC.?
The company changed its name on November 23, 1999.
Filing Stats: 4,423 words · 18 min read · ~15 pages · Grade level 18.4 · Accepted 2024-11-06 16:03:44
Filing Documents
- ww-20240928.htm (10-Q) — 3227KB
- ww-ex10_1.htm (EX-10.1) — 170KB
- ww-ex10_2.htm (EX-10.2) — 18KB
- ww-ex10_3.htm (EX-10.3) — 70KB
- ww-ex10_4.htm (EX-10.4) — 99KB
- ww-ex31_1.htm (EX-31.1) — 17KB
- ww-ex31_2.htm (EX-31.2) — 17KB
- ww-ex32_1.htm (EX-32.1) — 14KB
- 0000950170-24-122255.txt ( ) — 12472KB
- ww-20240928.xsd (EX-101.SCH) — 1398KB
- ww-20240928_htm.xml (XML) — 2461KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 2 Unaudited Consolidated Balance Sheets at September 28, 2024 and December 30, 2023 2 Unaudited Consolidated Statements of Operations for the three and nine months ended September 28, 2024 and September 30, 2023 3 Unaudited Consolidated Statements of Comprehensive (Loss) Income for the three and nine months ended September 28, 2024 and September 30, 2023 4 Unaudited Consolidated Statements of Changes in Total Deficit for the three and nine months ended September 28, 2024 and September 30, 2023 5 Unaudited Consolidated Statements of Cash Flows for the nine months ended September 28, 2024 and September 30, 2023 6 Notes to Unaudited Consolidated Financial Statements 7 Cautionary Notice Regarding Forward-Looking Statements 27 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 29 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 52 Item 4.
Controls and Procedures
Controls and Procedures 52
—OTHER INFORMATION
PART II—OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 53 Item 1A.
Risk Factors
Risk Factors 53 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 54 Item 3. Defaults Upon Senior Securities 54 Item 4. Mine Safety Disclosures 54 Item 5. Other Information 54 Item 6. Exhibits 55
—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) September 28, December 30, 2024 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 57,181 $ 109,366 Receivables (net of allowances: September 28, 2024 - $ 2,399 and December 30, 2023 - $ 1,041 ) 12,615 14,938 Prepaid income taxes 11,240 25,370 Prepaid marketing and advertising 3,390 10,149 Prepaid expenses and other current assets 16,802 19,651 TOTAL CURRENT ASSETS 101,228 179,474 Property and equipment, net 16,901 19,741 Operating lease assets 45,312 52,272 Franchise rights acquired 71,184 386,526 Goodwill 242,754 243,441 Other intangible assets, net 49,319 63,208 Deferred income taxes 17,309 19,683 Other noncurrent assets 18,346 17,685 TOTAL ASSETS $ 562,353 $ 982,030 LIABILITIES AND TOTAL DEFICIT CURRENT LIABILITIES Portion of operating lease liabilities due within one year $ 8,976 $ 9,613 Accounts payable 16,739 18,507 Salaries and wages payable 62,253 79,096 Accrued marketing and advertising 11,519 18,215 Accrued interest 17,478 5,346 Deferred acquisition payable 15,055 16,500 Other accrued liabilities 19,307 22,610 Income taxes payable 6,705 1,609 Deferred revenue 31,425 33,966 TOTAL CURRENT LIABILITIES 189,457 205,462 Long-term debt, net 1,429,598 1,426,464 Long-term operating lease liabilities 46,925 53,461 Deferred income taxes 23,467 41,994 Other 1,626 15,743 TOTAL LIABILITIES 1,691,073 1,743,124 TOTAL DEFICIT Common stock, $ 0 par value; 1,000,000 shares authorized; 130,048 shares issued at September 28, 2024 and 130,048 shares issued at December 30, 2023 0 0 Treasury stock, at cost, 50,314 shares at September 28, 2024 and 50,859 shares at December 30, 2023 ( 3,039,309 ) ( 3,064,628 ) Retained earnin