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.
Meet five new species discovered in 2025
A bumpy snailfish, Andean mouse opossum and ancient sea cow were just some of the many species described in 2025.
What to know about Nick Shirley, the YouTuber alleging daycare fraud in Minnesota
Shirley is a 23-year-old self-described "independent YouTube journalist" who made prank videos in high school before pivoting to politics. He participated in a White House roundtable in October.
Greetings from Vienna, where an imperial palace hosts a holiday market for all
Far-Flung Postcards is a weekly series in which NPR's international team shares moments from their lives and work around the world.
Out with the mayo: How Ukrainians reclaim holiday food
For many people from former Soviet countries, New Year's is a big holiday feast time. A Ukrainian restaurant in Washington gives NPR a taste of what's on the menu.
His brother’s mental illness isolated his family. Now he’s helping other caregivers
When it comes to serious mental illness, family caregivers are crucial partners. But often, they must fend for themselves. A new solution offers them support.
Farmers are about to pay a lot more for health insurance
Tariffs, inflation, and other federal policies have battered U.S. farmers' bottom lines. Now many farmers say the expiration of federal health care subsidies will make their coverage unaffordable.
