WW International, Inc. (NASDAQ:WW) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET

Company Participants

Corey Kinger - Investor Relations

Sima Sistani - Chief Executive Officer and Director

Amy O'Keefe - Chief Financial Officer

Conference Call Participants

Hanna Spencer - Wolfe Research

Lauren Schenk - Morgan Stanley

Alex Fuhrman - Craig Hallum Capital

Stephanie Wissink - Jefferies

Operator

Good afternoon and welcome to the WW International First Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, 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 to everyone for joining us today for WW International's first quarter 2022 conference call. At about 04:00 PM Eastern Time today we issued a press release reporting our first quarter 2022 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 on my very first earnings call as the CEO of WW International. I'd like to thank our Board of Directors, especially Raymond Debbane and Oprah Winfrey, for the opportunity to lead this iconic company at a pivotal time. I joined the company seven weeks ago and have enjoyed digging in with the team across all aspects of our product and business. There's so much to cover, and I want to give you a better opportunity to get to know me. So to help do that, as mentioned in our earnings release, a short video is available in the investor relations section of our website speaking further to my experience, and my decision to join WeightWatchers. But for today, I will focus on an assessment of the business, immediate priorities and thoughts about where we're headed.