8/15/12

Online sales jump 28% for Weight Watchers in Q2

The web now represents nearly 30% of total sales.

Stefany Zaroban , Associate Director of Research

Online sales and new subscribers were up in the second quarter for diet products retailer Weight Watchers International Inc., but total sales and net income declined.

For the three months ending June 30, Weight Watchers, No. 61 in the Internet Retailer Top 500 Guide, reported:

Online sales accounted for 28.0% of total revenue in the second quarter, compared with 21.7% last year.

For the first six months, Weight Watchers reported:

Web sales represented 26.6% of total sales in the first half of the year, compared with 20.0% in 2011.

"Second quarter 2012 results were in line with our expectations,” says David Kirchhoff, president and CEO. "Yet, since June we have seen a weakening in our trends so we are taking a more cautious view of our business for the second half of the year in light of difficult macro-economic trends, particularly in consumer sentiment.”

Topics:

David Kirchhoff, diet products retailer, e-commerce and diet products, Q2 2012 earnings, Top 500, Top 500 Guide, Weight Watchers

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