Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 301

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 301
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 before interest, taxes, depreciation, amortization and stock-based compensation and Adjusted EBITDAS, a non-GAAP financial measure, as earnings before interest, taxes, depreciation, amortization, stock-based compensation, franchise rights acquired and goodwill impairments, net restructuring charges, former CEO separation expenses and acquisition transaction costs.

The table below sets forth the reconciliations for EBITDAS and Adjusted EBITDAS, each a non-GAAP financial measure, to net loss, the most comparable GAAP financial measure, for the fiscal years ended:

(in millions)

    December 28, 2024

    December 30, 2023

    Net loss
     
    $
    (345.7
    )
     
    $
    (112.3
    )

    Interest

    109.0

    95.9

    Taxes

    0.5

    38.6

    Depreciation and amortization

    37.8

    45.6

    Stock-based compensation

    6.7

    11.3

    EBITDAS
     
    $
    (191.8
    )
     
    $
    79.2

    Franchise rights acquired and goodwill impairments

    315.0

    3.6

    2024 plan restructuring charges

    17.0

    —

    2023 plan restructuring charges

    5.1

    53.7

    2022 plan restructuring charges

    0.0

    1.1

    2021 plan restructuring charges

    —

    0.1

    2020 plan restructuring charges

    —

    (0.0
    )

    Former CEO separation expenses

    3.9

    —

    Acquisition transaction costs (1)

    —

    8.6

    Adjusted EBITDAS (2)
     
    $
    149.3

    $
    146.4

Note: Totals may not sum due to rounding.

(1)Includes stock-based compensation expense attributable to post-combination vesting of $3.9 million.

(2)The “Adjusted EBITDAS” measure is a non-GAAP financial measure that (i) adjusts the consolidated statements of operations for fiscal 2024 to exclude the impact of the $315.0 million of franchise rights acquired impairments,