Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 152

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 152
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 Adjustments to reported amounts (1)

    Franchise rights acquired impairments

    —

    315.0

    2024 plan restructuring charges

    2.5

    17.0

    2023 plan restructuring charges

    2.5

    5.1

    2022 plan restructuring charges

    0.0

    0.0

    Former CEO separation expenses

    —

    3.9

    Total adjustments (1)

    5.0

    341.1

    Fiscal 2024, as adjusted (1)
     
    $
    538.1

    68.5
    %
     
    $
    104.8

    13.3
    %

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 impact of the $315.0 million ($293.2 million after tax) of franchise rights acquired impairments, the net impact of the $17.0 million ($12.8 million after tax) of 2024 plan restructuring charges, the $5.1 million ($3.8 million after tax) of 2023 plan restructuring charges and the $8 thousand ($6 thousand after tax) of 2022 plan restructuring charges, and the impact of the $3.9 million ($2.9 million after tax) of former CEO separation expenses. See “Non-GAAP Financial Measures” above for an explanation of our use of non-GAAP financial measures.

Certain 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