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Weight Watchers Plummets on Profit Forecast at 50% of Estimates

  • Annual profit per share outlook less than half of projections
  • Shares plunge as much as 34 percent in after-hours trading
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Weight Watchers Plunges After Full-Year Forecast Disappoints
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Weight Watchers plummeted after a severely disappointing full-year forecast, so it’s turning again to the name that fueled its last rally: Oprah.

The wellness company that’s been rebranding itself as WW tumbled as much as 34 percent late Tuesday after warning member recruitment will decline in 2019. It’s targeting profit between $1.25 and $1.50 a share this year, a far cry from the $3.36 analysts had been estimating. Revenue will be about $1.4 billion, below the nearly $1.7 billion projected.