WW International focuses on de-levering, aims for debt ratio below 4x

By Devika Patel

Knoxville, Tenn., June 14 – WW International Inc. maintains its long-term net debt to adjusted EBITDA leverage ratio target of 3.5x to 4x despite management expecting the ratio to increase throughout this year from 6.7x as of the end of the last quarter.

“We are focused on de-levering,” chief financial officer Heather Stark said at the Oppenheimer 23rd Annual Consumer Growth & E-Commerce Conference on Monday.

“We do expect our leverage to increase through the year, but we have a long-term leverage target that continues to be less than the 3.5x to 4x range,” Stark said.

In a previous call, management had said WW’s net debt to adjusted EBITDA leverage ratio increased to 6.7x as of April 1, 2023, from 6x as of Dec. 31, 2022, and management expects this number to continue increasing throughout this year as EBITDA is expected to decrease.

WW International is a New York-based provider of weight management services.

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