WW International Inc. (WW) shares plunged 23.35% in after-hours on Tuesday, August 10, 2021, and closed at $24.75 per share. However, in the regular trading session, WW’s stock gained 4.36%. The stock volume remained 2.9 million shares, which was higher than the average daily volume of 0.82 million shares within the past 50 days. WW shares have risen 32.61% over the last 12 months, and they have moved up 3.29% in the past week. Over the past three months, the stock has lost 12.06%, while over the past six months, it has declined 16.82%.

Let’s have a look at its recent news and developments.

WW Stock recent financial results announcement

On August 10, 2021, WW International, Inc. (WW) reported its results for the second quarter of fiscal 2021.

Q2 2021 financial highlights

• Revenues in Q2 2021 were $311.4 million compared to $333.64 million in Q2 2020.
• Gross Profit in Q2 2021 was $186.0 million compared to $194.7 million in Q2 2020.
• Selling, general and administrative expenses were $69.2 million in Q2 2021 compared to $101.8 million in Q2 2020.
• Operating Income in Q2 2021 was $59.7 million compared to $51.0 million in Q2 2020.
• It reported a net income of $8.9 million in Q2 2021 compared to $14.0 million in Q2 2020.
• In Q2 2021, Earnings per fully diluted share (EPS) was $0.12 compared to $0.20 in Q2 2020.
• The company had $125.6 million in cash on July 3, 2021.

WW Stock FY 2021 financial guidance

For FY 2021, the company is expecting

• Revenue to be approximately $1.3 billion.
• GAAP EPS in the range of $1.10 to $1.25 per fully diluted share

WW participation in the recent investor conferences

WW International Inc. (WW) recently participated at Jefferies Virtual Consumer Conference which was held on Tuesday, June 22, 2021. The company was presented by Chief Financial Officer, Amy O’Keefe and Chief Digital Officer, Michael Lysaght.

The company also participated at Oppenheimer 21st Annual Consumer Growth and E-commerce Conference which was held on Tuesday, June 15, 2021. The company was presented by Chief Operating Officer, Nick Hotchkin and by Chief Financial Officer, Amy O’Keefe.

The company was also present at J.P. Morgan Global Technology, Media and Communications Conference which was held on Wednesday, May 26, 2021.

WW Wellness Impact Award

On June 10, 2021, WW International, Inc. (WW) announced the winners of its first-ever WW Wellness Impact Award. The new global initiative aims to empower, uplift and support community leaders to help address the systemic inequities faced in countries including the US, Canada, United Kingdom, France, Sweden, Belgium, Netherlands, Australia and New Zealand.

Conclusion

WW stock plummeted in the after-hours on Tuesday after the company announced its Q2 2021 financial results which missed the earning and revenue estimates. it can further decline in the coming days.