Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 282

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 282
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 results for fiscal 2023 are adjusted to exclude the net impact of restructuring charges, the impact of acquisition transaction costs, and the impact of franchise rights acquired and goodwill impairments. See “Non-GAAP Financial Measures” above. The table below sets forth a reconciliation of certain of those components of our selected financial data for the fiscal year ended December 30, 2023 which have been adjusted.

    Operating

    Gross

    Gross

    Operating

    Income

    (in millions except percentages)
     
    Profit

    Margin

    Income

    Margin

    Fiscal 2023
     
    $
    529.3

    59.5
    %
     
    $
    22.3

    2.5
    %

    Adjustments to reported amounts (1)

    2023 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.