NEW YORK (AP) — WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.
Parent WW International Inc. said it has the support of nearly three-quarters of its debt holders. It expects to emerge from bankruptcy within 45 days, if not sooner.
WeightWatchers, which was founded more than 60 years ago, has struggled recently. In 2023, the company moved into the prescription drug weight loss business — particularly with the $106 million acquisition of Sequence, now WeightWatchers Clinic, a telehealth service that helps users get prescriptions for drugs like Ozempic, Wegovy and Trulicity.
Its latest earnings report Tuesday showed that first-quarter revenue declined 10% while its loss on an adjusted basis totaled 47 cents per share. However, clinical subscription revenue — or weight-loss medications — jumped 57% year over year to $29.5 million.
In September, WW International CEO Sima Sistani resigned, and the New York company named Tara Comonte, a WeightWatchers board member and former Shake Shack executive, interim chief executive.
Comonte, now CEO, said in a statement Tuesday that, "As the conversation around weight shifts toward long-term health, our commitment to delivering the most trusted, science-backed, and holistic solutions —grounded in community support and lasting results — has never been stronger, or more important.”
Shares of the company have traded at under $1 since early February. In after-hours trading, the stock plunged by half to 39 cents.
The bankruptcy filing was made in U.S. Bankruptcy Court for the District of Delaware.
FILE - This image shows the logo of WeightWatchers on a mobile phone, and the company's website, in New York, March 7, 2023. (AP Photo/Richard Drew, File)
ANAHEIM, Calif. (AP) — Chris Kreider and Beckett Sennecke scored goals, Lukas Dostal survived a barrage of shots in the final minutes, and the Anaheim Ducks beat the Dallas Stars 3-1 on Tuesday night to snap a nine-game skid.
Jacob Trouba also scored for Anaheim, and Dostal stopped 24 shots — many of them from point-blank range after Dallas pulled the goalie twice in the final minutes. The Ducks were 0-8-1 since a 4-1 win against Columbus on Dec. 20.
Roope Hintz scored for Dallas and Casey DeSmith had 22 saves. The Stars lost for the fourth time in six games (2-2-2).
Hintz’s snap from the slot with a man advantage pulled the Stars to 2-1 with 2:12 left in the third, but Trouba sealed the Ducks' win with an empty netter the length of the ice with 20.5 seconds remaining.
The Ducks had given up five goals or more in each of their last five games, and they played one of the NHL’s best teams without their three top point scorers in Leo Carlsson, Troy Terry and Cutter Gauthier, who sat out because of injury or illness.
But they rediscovered some of their early season mojo, out-skating, out-hitting and out-hustling the Stars for much of the game and taking advantage of a delayed penalty call on Kyle Capobianco to score their first goal in the second period.
Dostal skated to the bench, giving the Ducks a man advantage. Mikael Granlund took a blue-line pass from Radko Gudas at the bottom of the right circle and found a wide open Kreider, who beat DeSmith stick-side with a snap shot from the high slot for a 1-0 lead 3:36 into the period.
Anaheim appeared to push the lead to 2-0 when Alex Killorn took a spectacular backhand pass from Ryan Poehling and scored a short-handed goal with 39.8 seconds left in the second, but Poehling crashed into DeSmith and into the net, and the goal was waved off because of interference.
With 7:58 left in the third, Sennecke gathered the rebound of Granlund's shot that caromed off the end board and toward the left post. Sennecke shielded himself from a defender and backhanded an unassisted goal past DeSmith for a 2-0 lead.
Ducks: At Los Angeles on Friday night.
Stars: At Utah on Thursday night.
AP NHL: https://www.apnews.com/nhl
Dallas Stars goaltender Casey DeSmith turns around to see a shot by Anaheim Ducks center Mason McTavish go wide of the goal during the first period of an NHL hockey game Tuesday, Jan. 13, 2026, in Anaheim, Calif. (AP Photo/Gregory Bull)
Anaheim Ducks right wing Beckett Sennecke, behind, scores a goal as Dallas Stars goaltender Casey DeSmith, left, and defenseman Ilya Lyubushkin defend during the third period of an NHL hockey game Tuesday, Jan. 13, 2026, in Anaheim, Calif. (AP Photo/Gregory Bull)
Anaheim Ducks center Mason McTavish, center, shoots as Dallas Stars goaltender Casey DeSmith, left, and defenseman Alexander Petrovic defend during the first period of an NHL hockey game Tuesday, Jan. 13, 2026, in Anaheim, Calif. (AP Photo/Gregory Bull)
Anaheim Ducks right wing Beckett Sennecke, left, celebrates his goal with teammate left wing Alex Killorn during the third period of an NHL hockey game against the Dallas Stars Tuesday, Jan. 13, 2026, in Anaheim, Calif. (AP Photo/Gregory Bull)
Anaheim Ducks right wing Beckett Sennecke, center, celebrates his goal with teammates during the third period of an NHL hockey game against the Dallas Stars Tuesday, Jan. 13, 2026, in Anaheim, Calif. (AP Photo/Gregory Bull)
