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Membership increases by 27% but share price dips as revenue growth falls short of forecast
Weight Watchers International continued its impressive subscriber growth through the second quarter, growing 27.6%, or 1 million, to 4.5 million over the past year, but revenues were less impressive, climbing just 17.6%, to $409.7m, over a year earlier.
“We have embarked on an exciting journey – from being the global leader in weight management to becoming the world’s partner in wellness,” said Mindy Grossman, its president and chief executive, in a statement after trading closed on Wall Street.
Continue reading...from US news | The Guardian https://ift.tt/2OMKqqb
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