Headquarters: 675 Avenue of the Americas, 6th floor
New York, NY 10010
Stock Symbol: WTW
Weight Watchers International is the world’s leading commercial provider of weight management services, operating globally through a network of Company-owned and franchise operations. In the more than 50 years since its founding, the Company has built its meetings business by helping millions of people around the world lose weight through sensible and sustainable food plans, exercise, behavior modification and group support.
Each week, approximately 800,000 members attend over 36,000 Weight Watchers meetings around the world, which are run by more than 10,000 leaderseach of whom has lost weight on the Weight Watchers program.
The company launched a new SmartPoints system in 2015 to help subscribers make better food choices and lose weight.
The company announced a partnership and 10% investment from talk show legend Oprah Winfrey in October 2015. Oprah is starring in new commercials for the company and is also on the Board of Directors.
At the beginning of January, the company had 2.39 million paid subscribers, down 4.8%. This number included 998,000 meeting subscribers and 1.39 million online subscribers.
For 2015, Weight Watchers reported revenues of $1.16 billion, down 21.3%, and net income of $32.9 million.
CEO James Chambers has resigned as CEO in September and a new replacement is being found.
Weight Watchers offers a competitive compensation and benefits package, including generous medical/dental/vision coverage, 401(k) and profit-sharing plans, tuition reimbursement, paid time off and much more