Weight Watchers International, Inc. (NYSE: WTW) is having a strong start to the trading session today, and for good reason. The company reported its earnings for the most recent quarter, blowing away expectations, largely as the result of Oprah Winfrey’s help. Of course, this led to excitement among investors who sent the stock skyward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:16), WTW is trading at $24.86 per share after a gain of $3.67 per share or 17.32% thus far today.
Oprah Sends WTW Sales Through The Roof
As mentioned above, Weight Watchers International is having a strong day in the market today after reporting earnings for the quarter ending on April 1st. As you could imagine, the report was overwhelmingly positive. During the quarter, analysts only expected that the company would generate earnings in the amount of $0.04 per share. However, the company reported earnings in the amount of $0.16 per share.
At the end of the day, the company is benefiting as a result of Oprah Winfrey’s activity within the company. You see, back in October of 2015, Winfrey took a stake in the company and agreed to help by pitching the brand to her audience. This helped to lead to 16% year over year growth in WTW subscribers, pushing profits through the roof.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on WTW. In particular, we’re interested in following the company as Winfrey continues to push growth! Nonetheless, we’ll continue to follow the company closely and bring the news to you as it breaks!
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