Weight Watchers Raises FY18 Earnings Guidance - Quick Facts

(RTTNews) - Weight Watchers International, Inc. (WTW) announced the company expects annual revenue to grow by almost 20%. Weight Watchers raised its fiscal 2018 earnings guidance to between $3.00 and $3.20 per fully diluted share. Prior earnings guidance was between $2.40 and $2.70 per fully diluted share.

First-quarter earnings per share was $0.56 compared to $0.16, in the prior year period. The first-quarter results included a $0.25 per share tax benefit from Ms. Winfrey's exercise of a portion of her stock options during the quarter. Revenues were $408.2 million. On a constant currency basis, revenues increased 19.5% versus the prior year period.