Mindy
 
“Because the company’s financial results generally lag operating trends by about a year, we believe Weight Watchers will end 2017 with financial metrics that position it more solidly at its rating than has been the case during the past few years,” said Ed DeForest, vice president and senior credit officer with Moody’s.

Weight Watchers in the fiscal year ended Dec. 31, 2016, had net income of $67.7 million, equal to $1.03 per share on the common stock, which compared with $32.9 million, or $0.56 per share, in the previous fiscal year.

Mindy Grossman will become the new president and CEO of Weight Watchers on July 1. Previously she was the CEO of HSN, Inc., a $4 billion interactive multichannel retailer.

 WWOparh
 
“She built that into an e-commerce powerhouse,” Nathan said.

The new CEO shows how Weight Watchers has e-commerce plans, he said.

“E-commerce has been a big growth engine for us,” he said. “It is not the core business. Our core business is to sell subscriptions to Weight Watchers online and in our meeting rooms.”