WW International Inc. is shedding subscribers as inflation continues to hamper demand for the weight loss company’s memberships and digital products, putting pressure on earnings.
The weight loss company’s 4.5% secured notes have been hit hard this year, dropping more than 20 cents on the dollar to 72.625 cents. The notes will likely remain under stress until the company is able to improve its revenue and subscriber trends, Bloomberg Intelligence credit analyst Mike Holland wrote on Thursday.
The New York-based company finished the quarter ending July 2 with 4.3 million subscribers, down 12% from the prior year, and lowered its ...
