Glancy Prongay & Murray LLP (GPM) announces an investigation on behalf of Weight Watchers International, Inc. (Weight Watchers or the Company) (NASDAQ: WTW) investors concerning the Company and its officers possible violations of federal securities laws.
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If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected], or visit our website at www.glancylaw.com.
On February 26, 2019, Weight Watchers announced that its subscriber count had declined to 3.9 million, and stated that enrollment would continue to decline in 2019. Specifically, Weight Watchers was targeting revenues of only $1.4 billion for fiscal year 2019, significantly less than the nearly $1.7 billion in revenues it had led the market to expect, and earnings per share (EPS) of only $1.25 to $1.50, far lower than the EPS of $3.36 that the Company had previously indicated.
On this news, Weight Watchers share price fell $10.20, or nearly 35%, to close at $19.37 per share on February 27, 2019, thereby injuring investors.
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If you purchased Weight Watchers securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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