WW International, Inc. (NASDAQ:WW) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET

Company Participants

Corey Kinger – Investor Relations

Sima Sistani – Chief Executive Officer

Amy O'Keefe – Chief Financial Officer

Conference Call Participants

Spencer Hanus – Wolfe Research

Alex Fuhrman – Craig-Hallum Capital Group

Linda Bolton-Weiser – D.A. Davidson

Nathan Feather – Morgan Stanley

Sean Dunlop – Morningstar

Michael Lasser – UBS

Operator

Good day, and welcome to the WW International Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Corey Kinger, Investor Relations. Please go ahead.

Corey Kinger

Thank you for everyone for joining us today for WW International's Second Quarter 2022 Conference Call. At about 4:00 p.m. Eastern Time today, we issued a press release reporting our second quarter 2022 [ph] results. The purpose of this call is to provide investors with some further details regarding the company's financial results as well as to provide a general update on the company's progress. The press release is available on the company's corporate website located at corporate.ww.com. Supplemental investor materials are also available on the company's corporate website in the investor section under presentations and events. Reconciliations of non-GAAP measures disclosed on this conference call to the most directly comparable GAAP financial measures are also available as part of the press release.

Before we begin, let me remind everyone that this call will contain forward-looking statements. Investors should be aware that any forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those discussed here today. These risk factors are explained in detail in the company's filings with the Securities and Exchange Commission. Please refer to these filings for a more detailed discussion of forward-looking statements, and the risks and uncertainties of such statements. All forward-looking statements are made as of today and except as required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Joining today's call are Sima Sistani, CEO; and Amy O'Keefe, CFO.

I will now turn the call over to Sima.

Sima Sistani

Thanks Corey. Good afternoon, everyone, and thank you for joining us today.

When I last spoke with you in May, I've been at Weight Watchers only seven weeks. I shared my assessment of the business, immediate priorities and thoughts on where we're headed. I've spent the last 90 days diagnosing performance, building out our product road map and executing on some of the initiatives necessary to simplify the business and refocus our efforts on value drivers, namely helping people who want to lose weight, do just that. It's a scientific fact that the excess weight is associated with increased health risks. It's also well established that losing even modest amounts of weight significantly improves health. We know the need for weight loss solutions is higher than ever before.