Commenting on the Company's results, David Kirchhoff, President and Chief Executive Officer, said, "We are pleased with the solid financial results in the third quarter of 2007, which were primarily the result of the continuing positive impact of our Monthly Pass commitment plan in North America and the strong performance of our Weight Watchers Online internet product. This year, we have put in place the building blocks which will allow us to benefit from more effective marketing and new program innovations in 2008."
The Company narrowed its full year 2007 earnings guidance range to between $2.43 and $2.48 per fully diluted share, which excludes $0.02 per share of non-recurring expense associated with the early extinguishment of debt in the first quarter of 2007.
The Company has scheduled a conference call today at 5:00 p.m. ET. During the conference call, David Kirchhoff, President and Chief Executive Officer, and Ann Sardini, Chief Financial Officer, will discuss third quarter results and answer questions from the investment community. Live audio of the conference call will be simultaneously webcast over the Internet on the Company's corporate website, http://www.weightwatchersinternational.com. A replay of the webcast will be available on this site for 30 days.
About Weight Watchers International, Inc.
Weight Watchers International, Inc. is the world's leading provider of
weight management services, operating globally through a network of
Company- owned and franchise operations. Weight Watchers holds over 50,000
weekly meetings where members receive group support and educ
|SOURCE Weight Watchers International, Inc.|
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