Weight Watchers Provides 2017 Guidance; Spanish Subsidiary To Cease Operations

(RTTNews) - Weight Watchers International, Inc. (WTW) announced the company expects fiscal 2017 earnings of between $1.30 and $1.40 per share. This guidance includes an anticipated tax benefit of approximately $0.15 per fully diluted share expected in first quarter 2017 related to the cessation of operations of the Spanish subsidiary. The company's Spanish subsidiary, operating under the Entulinea brand, has been unable to reach profitability. As a result, it has determined it will cease operations.

Nick Hotchkin, the Company's CFO and Member, Interim Office of the CEO. "So far in 2017 our global marketing campaigns are driving strong member recruitment and interest in our Beyond the Scale program. With the year off to a good start, we are confident we will deliver revenue growth and higher profitability throughout the year."