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Weight Watchers International Inc WTW
Q2 2010 Earnings Call Transcript

Transcript Call Date 08/05/2010

Operator: Ladies and gentlemen, welcome to the Weight Watchers International Second Quarter 2010 Earnings Teleconference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, you will be invited to participate in a question-and-answer session and instructions will be given at that time. As a reminder, this conference call is being recorded today, August 05, 2010.

At this time, I would like to turn the call over to Ms. Sarika Sahni of Weight Watchers International. Please go ahead.

Sarika Sahni - Manager, IR: Thank you, and thank you to everyone for joining us today for Weight Watchers International's second quarter 2010 conference call. With us on the call are David Kirchhoff, President and Chief Executive Officer; and Ann Sardini, Chief Financial Officer.

At about 4.00 pm Eastern Time today the Company issued a press release reporting its financial results for the second quarter 2010. The purpose of this call is to provide investors with some further details regarding the Company’s financial results, as well as to provide a general update on the Company’s progress. The press release is available on the Company's corporate website located at www.weightwatchersinternational.com.

Reconciliations of non-GAAP measures disclosed on this conference call to the most directly comparable GAAP financial measures are also available as part of the press release.

Before we begin, let me remind everyone that this call will contain forward-looking statements. Investors should be aware that any forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those discussed here today.

These risk factors are explained in detail in the Company’s filings with the Securities and Exchange Commission. Please refer to these filings for a more detailed discussion of forward-looking statements and risks and uncertainties of such statements. All forward-looking statements are made as of today and except as required by law, the Company undertakes no obligations to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

I would now like to turn the call over to Mr. Kirchhoff. Please go ahead, David.

David Kirchhoff - Director, President and CEO: Good afternoon, and thank you for joining us as we review Weight Watchers International's performance for the second quarter of fiscal year 2010. After a very difficult first quarter, our second quarter business results improved significantly as we began to see strengthening in our NACO meetings business and robust growth in our WeightWatchers.com business.

While we're not yet seeing consistent growth across all of our markets, the trends we're now seeing are far superior to those of Q1, in which we're experiencing the combined impact of the economy, weather, and less than expected marketing.

The NACO and WeightWatchers.com businesses, both responded very well to newly launched marketing campaigns with an almost instantaneous uplift in enrollment trends beginning on April 1.

Read our Earnings Call Transcript disclaimer.
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