Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 280

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 280
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 incurred, could have a material adverse effect on our financial condition and results of operations.

Further information regarding the results of our franchise rights acquired and goodwill annual impairment tests and our franchise rights acquired and goodwill interim impairment tests for the first and third quarters of fiscal 2024 can be found in Note 7 “Franchise Rights Acquired, Goodwill and Other Intangible Assets” of the notes to the audited consolidated financial statements, contained in Part IV, Item 15 of this Annual Report on Form 10-K.

52

Critical Accounting Policies

Information concerning our critical accounting policies is set forth in Note 2 “Summary of Significant Accounting Policies” of the notes to the audited consolidated financial statements, contained in Part IV, Item 15 of this Annual Report on Form 10-K.

53

RESULTS OF OPERATIONS FOR FISCAL 2024 (52 weeks) COMPARED TO FISCAL 2023 (52 weeks)

The table below sets forth selected financial information for fiscal 2024 from our consolidated statements of operations for fiscal 2024 versus selected financial information for fiscal 2023 from our consolidated statements of operations for fiscal 2023.

Summary of Selected Financial Data

    (In millions, except per share amounts)

    Fiscal 2024

    Fiscal 2023

    Increase/(Decrease)

    %Change

    % ChangeConstantCurrency

    Revenues, net
     
    $
    785.9

    $
    889.6

    $
    (103.6
    )

    (11.6
    %)

    (11.7
    %)

    Cost of revenues

    252.8

    360.2

    (107.4
    )

    (29.8
    %)

    (29.8
    %)

    Gross profit

    533.1

    529.3

    3.8

    0.7
    %

    0.6
    %

    Gross Margin %

    67.8
    %

    59.5
    %

    Marketing expenses

    236.5

    238.4

    (1.9
    )

    (0.8
    %)

    (0.8
    %)

    Selling, general & administrative expenses

    217.8

    264.9

    (47.1
    )

    (17.8
    %)

    (