Oprah Might Lose $50M in Weight Watchers Stock Plunge
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Source: Courtesy / Tony Scott
Weight Watchers said it hasn’t signed up as many subscribers as it hoped this winter and expects its profits to suffer. Weight Watchers International’s stock tumbled more than 30 percent in after-hours trading Tuesday after that nugget came out. If that carries over into regular-session trading Wednesday, it would translate to a paper loss of about $50 million for Oprah. Weight Watchers expects to earn between $1.25 and $1.50 a share this year. Analysts had been expecting $3.38 a share. CEO Mindy Grossman says the company hopes to pull in more subscribers this spring, with Oprah playing a central role in its upcoming TV and digital marketing campaign.
Source: JB Lacroix / Getty
Source: CNBC
-Tony Scott (@tonyscottmedia)
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