Weight Watchers International Inc (WTW.N)
23 May 2016
NEW YORK, May 11 Weight Watchers International Inc on Wednesday won the dismissal of a lawsuit claiming it defrauded shareholders about how badly enrollment declines and the proliferation of free mobile weight loss applications were hurting its bottom line.
May 11 Weight Watchers International Inc on Wednesday won the dismissal of a lawsuit claiming it misled shareholders about the reasons for a decline in its business.
Shares of Weight Watchers International Inc rose nearly 16 percent on Thursday after the weight management company rode the Oprah Winfrey wave to post its first growth in North American subscribers in at least two years.
* Weight Watchers announces first quarter 2016 results and raises full year 2016 guidance
* Weight Watchers says CEO James R. Chambers FY 2015 total compensation $3.2 million versus $9.1 million in FY 2014 - SEC filing
Weight Watchers International Inc reported a 21 percent drop in quarterly revenue, undermining hopes that new investor and media mogul Oprah Winfrey would help boost sales, sending its shares down more than 27 percent in extended trading.
* Shares fall 23 pct after market (Adds analyst comment, background; updates shares)
Feb 25 Weight Watchers International Inc reported a 21 percent decline in fourth-quarter sales as subscriptions fell.