|Weight Watchers Keeps Gaining (Because, Well, Oprah)
Weight Watchers International Inc., reported big gains on Thursday–revenue rose 10.3% to $341.7 million, while profit soared 48.1% to $45.2 million—the first quarter of results announced since its newly appointed CEO, Mindy Grossman, joined the company.
Grossman praised the work done before she joined last month, work that included, of course, marketing that features board member and investor Oprah Winfrey.
"There's no doubt that the Weight Watchers long-term collaboration with Oprah Winfrey has certainly accelerated the company's progress," Grossman said during the company's quarterly call.
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