Topic: How To Invest

Stock Pickers Digest Hotline – Friday, September 16, 2016

Article Excerpt

WEIGHT WATCHERS INTERNATIONAL INC., $9.78, symbol WTW on New York, offers weight-loss services in 23 countries. The company promotes a program of lifestyle changes through 36,000 weekly meetings and its website. Weight Watchers CEO Jim Chambers has now resigned after three years in the position. Oprah Winfrey, who owns 10% of the company and sits on the board of directors, will take part in the search for a replacement. Weight Watchers will likely aim to recruit a new CEO with a strong background in technology. That’s key for the company’s future growth. Weight Watchers is facing increased competition for clients from mobile apps and smartphone calorie counters as well as fitness tracking devices such as Fitbits. However, the company continues to increase its membership: the number of active subscribers stood at 2.94 million on July 2, 2016. That’s a 5.0% rise from 2.80 million a year ago. In the three months ended July 2, 2016, revenue was unchanged from a year earlier…