US-based weight-loss services company Weight Watchers has reported higher quarterly net income, boosted by strong sales.
The company posted net income of US$38.1m, or 35 cents per share, for the fourth quarter to 3 January, compared to $28.4m, or 26 cents per share, in the year-ago period.
Fourth-quarter net revenues grew 14% to $216.1m, while worldwide attendance growth in company-owned operations was 10%.
Operating income for the fourth quarter was $65.0m, an increase of 7% from $60.9m in the prior year’s fourth quarter.
Weight Watchers’ president and chief executive Linda Huett said 2003 had been a challenging year for the company, but that it had managed to deliver strong top and bottom line growth.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHuett said the company expects 2004 earnings to be between $1.90 and $2.00 per share.