Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 153

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 153
---
 plan restructuring charges

    21.1

    53.7

    2022 plan restructuring charges

    (0.0
    )

    1.1

    2021 plan restructuring charges

    0.1

    0.1

    2020 plan restructuring charges

    (0.0
    )

    (0.0
    )

    Acquisition transaction costs

    —

    8.6

    Franchise rights acquired and goodwill impairments

    —

    3.6

    Total adjustments (1)

    21.2

    67.2

    Fiscal 2023, as adjusted (1)
     
    $
    550.5

    61.9
    %
     
    $
    89.5

    10.1
    %

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 2023 to exclude the net impact of the $53.7 million ($40.3 million after tax) of 2023 plan restructuring charges, the $1.1 million ($0.9 million after tax) of 2022 plan restructuring charges, the $0.1 million ($43 thousand after tax) of 2021 plan restructuring charges and the reversal of $21 thousand ($16 thousand after tax) of 2020 plan restructuring charges, the impact of the $8.6 million ($7.5 million after tax) of acquisition transaction costs, and the impact of $3.6 million ($3.6 million after tax) of franchise rights acquired and goodwill impairments. See “Non-GAAP Financial Measures” above for an explanation of our use of non-GAAP financial measures.

55

Consolidated Results

Revenues

Revenues for fiscal 2024 were $785.9 million, a decrease of $103.6 million, or 11.6%, versus fiscal 2023. Excluding the impact of foreign currency, which positively impacted our revenues in fiscal 2024 by $0.7 million, revenues for fiscal 2024 would have decreased 11.7% versus the prior year. This decrease was driven by both a decrease in Other Revenues and a decrease in Subscription Revenues. The decrease in Other Revenues for fiscal 2024 versus the prior year was driven primarily by the closure of our consumer products business