05/09/2021
By just changing the logo on the occasion of new year and they suffered really harsh in first quarter of the year.
Sales of Weight Watchers-branded products fell 29% in the quarter because fewer members attended meetings, where new members typically buy more measuring cups, food and other items, Chief Financial Officer Nick Hotchkin said on the call.
Weight Watchers swung to a loss of $10.7 million, or 16 cents per share, during the first quarter from a profit of $39.1 million, or 56 cents per share, a year earlier.