Weight Watchers Announces Third Quarter 20...( NEW YORK Nov. 6 /- Weight Watcher...),Health

NEW YORK, Nov. 6 /PRNewswire-FirstCall/ -- Weight Watchers International, Inc. (NYSE: WTW) today announced results for the third quarter ended September 29, 2007.

Third Quarter 2007 Results

For the third quarter of 2007, net revenues increased 18.5% or $52.7 million to $337.5 million, up from $284.8 million in the third quarter of 2006. Fully diluted earnings per share were up 19.2% in the third quarter of 2007 to $0.62 versus $0.52 in the prior year period.

Net income in the third quarter of 2007 was $49.5 million versus $50.6 million in the third quarter of 2006. During the first quarter of 2007, the Company increased its debt level to finance its self-tender and repurchase of 19.1 million shares. As a result, interest expense in the third quarter of 2007 was $28.3 million, up from $13.2 million in the third quarter of 2006, while fully diluted shares of the Company in the third quarter of 2007 decreased to 79.6 million shares from 98.0 million shares in the third quarter of 2006.

First Nine Months 2007 Results

For the first nine months of 2007, net revenues increased 18.5% or $175.2 million to $1,123.1 million, up from $947.9 million in the first nine months of 2006. Fully diluted earnings per share were $1.98 in the first nine months of 2007 versus $1.66 in the prior year period. Excluding non-recurring expense associated with the early extinguishment of debt of $0.02 per share from the first nine months of 2007 and $0.01 per share from the first nine months of 2006, fully diluted earnings per share were up 19.8% to $2.00 as compared to $1.67 in the prior year period.

During the first nine months of 2007, net income was $161.4 million versus $165.5 million in the first nine month
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