Business

Market Movers

Weight Watchers sinks on lower revenue

Company revenue fell 4.1 percent to $465.1 million.

John Tlumacki /Globe staff/file/2011

Company revenue fell 4.1 percent to $465.1 million.

Advertisement

Weight Watchers International Inc. plummeted on second-quarter earnings that fell 16 percent on a $20 million debt-refinancing related charge, while its weight-loss meetings business continued to be hurt by weak enrollment trends.

The company also said that CEO David Kirchhoff resigned to pursue other opportunities. He will be succeeded by president James Chambers.

Weight Watchers said it earned $64.9 million, or $1.15 a share, down from $77.5 million, or $1.36 a share, a year earlier. Revenue decreased 4.1 percent to $465.1 million.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com