Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 143

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 143
---
 compensation, third-party consulting, temporary help, audit, legal and litigation expenses as well as facility costs and depreciation and amortization of systems in support of the business infrastructure and offices globally. Selling, general and administrative expenses also include amortization expense of certain of our intangible assets and certain one-time transaction expenses.

Gross Margin

The following table sets forth our gross profit and gross margin for the past two fiscal years, as adjusted for fiscal 2024 and fiscal 2023 to exclude the net impact of restructuring charges. See “Non-GAAP Financial Measures” for additional information.

    (in millions except percentages)
     
    Fiscal 2024

    Fiscal 2023

    Gross Profit
     
    $
    533.1

    $
    529.3

    Gross Margin

    67.8
    %

    59.5
    %

    Adjustments to Reported Amounts (1)

    2024 plan restructuring charges

    2.5

    —

    2023 plan restructuring charges

    2.5

    21.1

    2022 plan restructuring charges

    0.0

    (0.0
    )

    2021 plan restructuring charges

    —

    0.1

    2020 plan restructuring charges

    —

    (0.0
    )

    Gross Profit, as adjusted (1)
     
    $
    538.1

    $
    550.5

    Gross Margin impact from above adjustments (1)

    (0.6
    %)

    (2.4
    %)

    Gross Margin, as adjusted (1)

    68.5
    %

    61.9
    %

Note: Totals may not sum due to rounding.

(1)The “As adjusted” measure is a non-GAAP financial measure that adjusts the consolidated statements of operations for fiscal 2024 to exclude the net impact of the $2.5 million ($1.9 million after tax) of 2024 plan restructuring charges, the $2.5 million ($1.9 million after tax) of 2023 plan restructuring charges and the $26 thousand ($19 thousand after tax) of 2022 plan restructuring charges, and for fiscal 2023 to exclude the net impact of the $21.1 million ($15.8 million after tax) of 2023 plan restructuring charges, the reversal of $4 thousand ($3 thousand