Topic: Growth Stocks

Stock Pickers Digest Hotline – Thursday, May 6, 2016

Article Excerpt

WEIGHT WATCHERS INTERNATIONAL, $12.35, 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. Oprah Winfrey bought 10% of the company in October 2015. She also joined its board of directors. Her goal has been to promote the company and help it reverse a steady decline over the last few years. Weight Watchers reported a lower-than-expected loss in the latest quarter—and increased its membership for the first time in four years. The number of active subscribers stood at 3.06 million on April 2, 2016. That’s a 4.8% rise from 2.92 million a year ago. In the three months ended April 2, 2016, Weight Watchers’ revenue fell 4.7% to $306.9 million from $322.1 million a year earlier. The company lost $0.17 a share in the latest quarter, compared to a loss of $0.09 a year ago. However, the loss was less than the consensus estimate of $0.18. Winfrey…