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Weight Watchers' stock crashes 30% after posting disappointing guidance



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Shares of Weight Watchers ( WTW ) slumped after the company posted an outlook for fiscal 2019 that falls well below consensus expectations. " data-response time = "22"> Shares of Weight Watchers (WTW) slumped after the company posted an outlook for fiscal 2019 that falls well below consensus expectations.

The weight management company said it expects to earn and adjusted $ 1.25 to $ 1.50 per share for the full year, below expectations or $ 3.36 per share, according to Bloomberg compiled estimates. The company sees full-year revenue of $ 1.4 billion, versus Wall Street's expected $ 1.66 billion.

Shares of Weight Watchers declined 32.36% to $ 20 each as of 4:36 p.m. ET.

“We are disappointed with our start to 2019, we are confident that our strategy is focused on providing holistic wellness solutions delivering our best-in-class weight management program is the right path to support long-term sustainable growth , "CEO Mindy Grossman said in a statement.

Weight Watchers reported fourth-quarter adjusted earnings per share of 63 cents, or three cents ahead of expectations. Sales of $ 330 million, however, came in short of expectations of $ 346.4 million.

Trading was halted by the stock ahead of the quarterly earnings report, which was released at about 4:05 p.m. ONE. Trading resumed at 4:35 pm

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