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Weight Watchers Plunges After Oprah Deal Fails to Halt Slide

  • Company posts surprise fourth-quarter loss of 3 cents a share
  • Active subscriber count slips 4.8 percent from year earlier
Chinese Fight Growing Girth WIth Weight Watchers
Photographer: Qilai Shen/Bloomberg
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Weight Watchers International Inc. shares tumbled 29 percent after a high-profile partnership with Oprah Winfrey failed to reverse the company’s financial decline last quarter.

The company posted a loss of 3 cents a share in the fourth quarter, excluding some items, according to a statement on Thursday. Analysts had estimated a gain of 2 cents on average. Weight Watchers’ active subscribers fell 4.8 percent from a year earlier, though that was less of a decrease than the company experienced in the third quarter.