Weight Watchers Stock Plummets and Oprah Loses $27 Million

Previous Article
Next Article

Weight Watchers Stock Plummets and Oprah Loses $27 Million –

CNN Money reports that shares of Weight Watchers dropped 30% on Friday after the lifestyle brand announced a quarterly loss of $11 million. Winfrey’s stake fell by $27 million on Friday as a side effect.   The company’s latest results may be a sign that not even Oprah’s considerable celebrity star power is enough to offset its challenges.

Winfrey signed on as the face of Weight Watchers last October when she acquired a 10% stake in the company, joined its board and became a member herself.

 Weight Watchers stock is currently trading almost 60% below the peak it hit in November.  So far,  the stock is down 50% for the year, with membership and meeting attendance slipping as well.
Weight Watchers faces competition from Jenny Craig and Nutri System as well as contending with  free smartphone apps that give people diet tips and track weight loss.

Source: EURweb

Please follow and like us:
Previous Article
Next Article

Comments

comments

READ  Is Your Self Worth less Than Your Net Worth ?

About the Author

Choco Staff
Follow us for content that entertains, informs, and inspires.

Be the first to comment on "Weight Watchers Stock Plummets and Oprah Loses $27 Million"

Leave a comment

Your email address will not be published.


*


Please spread the word

Read more:
Melania Trump Uses Portions of Michelle Obama’s Speech at Republican National Convention

Melania Trump gave a speech on Monday at the Republican National Convention that hints to her similarities with  First Lady...

Close