WW International, Inc. (WW) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

SA Transcripts 162.21K Followers Follow WW International, Inc. ( WW ) Morgan Stanley 24th Annual Global Healthcare Conference September 15, 2026 2:35 PM EDT Company Participants Felicia DellaFortuna - CFO & Member of Interim Office of the Chief Executive Jon Volkmann - COO & Interim Principal Executive Officer Conference Call Participants Nathaniel Feather - Morgan Stanley, Research Division Presentation Nathaniel Feather Morgan Stanley, Research Division Okay, great. Good afternoon, everyone. Thank you so much for joining us. My name is Nathaniel Feather. I am Morgan Stanley's small and mid-cap internet analyst. I'm just doing one presentation here at the healthcare conference. I'm pleased to be joined today by Felicia DellaFortuna and Jon Volkmann, WeightWatchers Office of the CEO. Thank you so much for joining us today. Felicia DellaFortuna CFO & Member of Interim Office of the Chief Executive Well, thank you for having us. Jon Volkmann COO & Interim Principal Executive Officer Thank you. Nathaniel Feather Morgan Stanley, Research Division Before we begin, a few quick housekeeping items from important disclosures. Please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative. Question-and-Answer Session Nathaniel Feather Morgan Stanley, Research Division And with that, let's kick it off. I think a lot of investors are familiar with WeightWatchers as a brand, but not necessarily what the business looks like today. Can you give us an overview of where WeightWatchers is and how that's changed since GLP-1s have really gained adoption? Felicia DellaFortuna CFO & Member of Interim Office of the Chief Executive No, it's a fantastic question and very appreciative of it. So over the last 2 years, there has been a lot of change at WeightWatchers. I'm going to start first with the balance sheet and then just a bit with how much our business has changed with the introduction of