WeightWatchers files for bankruptcy to eliminate debt, focus on telehealth services

From Yahoo Finance: 2025-05-06 20:15:00

WeightWatchers files for Chapter 11 bankruptcy to eliminate $1.15 billion in debt and focus on telehealth services. Parent company WW International Inc. has support from three-quarters of debt holders, expects to emerge from bankruptcy in 45 days. First-quarter revenue dropped 10%, but weight-loss medication subscription revenue rose 57% to $29.5 million. CEO Sima Sistani resigned in September, interim CEO Tara Comonte emphasizes commitment to science-backed solutions. Stock trading at under $1, plunges to 39 cents in after-hours trading. Bankruptcy filing in U.S. Bankruptcy Court for the District of Delaware.

Read more: WeightWatchers files for bankruptcy protection to eliminate debt burden