The talk-show celebrity and 10% owner of Weight Watchers has seen $117 million in wealth vanished as shares have crashed 66% from their high notched November 2015.
Shares of Weight Watchers are down another 7%, after the company said it is replacing its CEO.
Shares of Weight Watchers are down another 7%, after the company said it is replacing its CEO.
Reality is setting now as things haven't worked out as many investors hoped after Winfrey formed close professional ties with the company in October 2015.
But the level of enthusiasm is proving in hindsight to have been much overdone. The company's revenue during the just completed second-quarter of $309.8 million is flat with a year ago, although profit is up 9.3%. The company lost $10.8 million in the first quarter.
Oprah Winfrey's halo effect onWeight Watchers (WTW) is disappearing fast.
Just a thought.
But the level of enthusiasm is proving in hindsight to have been much overdone. The company's revenue during the just completed second-quarter of $309.8 million is flat with a year ago, although profit is up 9.3%. The company lost $10.8 million in the first quarter.
Oprah Winfrey's halo effect on
Just a thought.
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