Forecast Of The Day: WW International Digital Subscribers

by Trefis Team
+48.55%
Upside
19.40
Market
28.82
Trefis
WW
Weight Watchers International
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What?

WW International’s (NASDAQ:WW) Digitial Subscriber base has increased meaningfully, rising from 3.6 million in Q1 FY’20 to about 4.2 million in Q1 FY’21.

Why?

Through Covid-19, customers have preferred to stay home and avoiding public places, causing a shift from the company’s Studio business to its digital operations.

So What?

The markets usually reward companies that move their businesses online. WW International stock is now up almost 50% year-to-date, although it hasn’t yet recovered to its pre-Covid highs.

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