Weight Watchers International Inc. said its normalized net income for the fiscal first quarter ended April 4 came to a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 19 cents per share.
The per-share result swung to a loss from the prior-year profit of 32 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.9 million, compared with income of $18.2 million in the first quarter ended March 29, 2014.
The normalized profit margin fell to negative 1.5% from 4.5% in the year-earlier period.
Total revenue fell 21.3% year over year to $322.1 million from $409.4 million, and total operating expenses declined 15.9% year over year to $298.3 million from $354.6 million.
Reported net income totaled a loss of $5.7 million, or a loss of 10 cents per share, compared to income of $21.5 million, or 38 cents per share, in the first quarter ended March 29, 2014.
