WeightWatchers files for bankruptcy protection to eliminate debt burden
NEW YORK — WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.
Parent WW International Inc. said it has the support of nearly three-quarters of its debt holders. It expects to emerge from bankruptcy within 45 days, if not sooner.
WeightWatchers, which was founded more than 60 years ago, has struggled recently. In 2023, the company moved into the prescription drug weight loss business — particularly with the $106 million acquisition of Sequence, now WeightWatchers Clinic, a telehealth service that helps users get prescriptions for drugs like Ozempic, Wegovy and Trulicity.
Its latest earnings report Tuesday showed that first-quarter revenue declined 10% while its loss on an adjusted basis totaled 47 cents per share. However, clinical subscription revenue — or weight-loss medications — jumped 57% year over year to $29.5 million.
In September, WW International CEO Sima Sistani resigned, and the New York company named Tara Comonte, a WeightWatchers board member and former Shake Shack executive, interim chief executive.
Comonte, now CEO, said in a statement Tuesday that, “As the conversation around weight shifts toward long-term health, our commitment to delivering the most trusted, science-backed, and holistic solutions —grounded in community support and lasting results — has never been stronger, or more important.”
Shares of the company have traded at under $1 since early February. In after-hours trading, the stock plunged by half to 39 cents.
The bankruptcy filing was made in U.S. Bankruptcy Court for the District of Delaware.
A country-pop newcomer’s debut is your reinvention album of 2026
August Ponthier's Everywhere Isn't Texas is as much a fully realized introduction as a complete revival. Its an existential debut that asks: How, exactly, does the artist fit in here?
U.S. unexpectedly adds 130,000 jobs in January after a weak 2025
U.S. employers added 130,000 jobs in January as the unemployment rate dipped to 4.3% from 4.4% in December. Annual revisions show that job growth last year was far weaker than initially reported.
Greetings from Mexico City’s iconic boulevard, where a dog on a bike steals the show
Every week, more than 100,000 people ride bikes, skates and rollerblades past some of the best-known parts of Mexico's capital. And sometimes their dogs join them too.
February may be short on days — but it boasts a long list of new books
The shortest month of the year is packed with highly anticipated new releases, including books from Michael Pollan, Tayari Jones and the late Nobel laureate Mario Vargas Llosa.
Shootings at school and home in British Columbia, Canada, leave 10 dead
A shooting at a school in British Columbia left seven people dead, while two more were found dead at a nearby home, authorities said. A woman who police believe to be the shooter also was killed.
Trump’s EPA plans to end a key climate pollution regulation
The Environmental Protection Agency is eliminating a Clean Air Act finding from 2009 that is the basis for much of the federal government's actions to rein in climate change.
