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Weight Watchers fiscal Q2 profit falls 54.8% YOY

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Weight Watchers fiscal Q2 profit falls 54.8% YOY

Weight Watchers International Inc. said its normalized net income for the fiscal second quarter ended July 4 was 44 cents per share, compared with the S&P Capital IQ consensus estimate of 41 cents per share.

EPS fell 55.2% year over year from 98 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $25.1 million, a decrease of 54.8% from $55.5 million in the second quarter ended June 28, 2014.

The normalized profit margin dropped to 8.1% from 14.0% in the year-earlier period.

Total revenue decreased 22.1% on an annual basis to $309.8 million from $397.5 million, and total operating expenses decreased 13.6% from the prior-year period to $238.9 million from $276.5 million.

Reported net income decreased 48.0% from the prior-year period to $28.0 million, or 49 cents per share, from $53.8 million, or 95 cents per share.