Oprah's weight can be down, Weight Watchers shares are up

This specific looks like a lot of people made a fresh Year’s resolution to go on a diet.

Weight Watchers shares soared more than 25% Wednesday after the Oprah Winfrey-backed company reported strong earnings for the fourth quarter as well as a 10% jump in subscribers late Tuesday.

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Nutrisystem also reported solid results on Tuesday morning, sending its stock up nearly 20%.

Shares of Nutrisystem (NTRI) have right now gained nearly 35% already This specific year while Weight Watchers (WTW) has surged 60%.

that will’s great news for Winfrey, who can be an investor in Weight Watchers as well as a board member as well as celebrity spokeswoman. Winfrey’s stake inside company can be right now valued at $115 million, an increase of more than $40 million This specific year.

Shares of Weight Watchers are still down about 30% coming from the peak cost above $28 that will they hit shortly after Winfrey first announced her investment inside company back in October 2015.

The stock can be currently trading at around $20, nevertheless This specific was as low as $9.50 inside past 12 months. You could say that will the share cost has fluctuated as much as the weight of a person on a yo-yo diet.

This specific took some time for Winfrey’s endorsement to lead to a jump in subscribers. CEO Jim Chambers also stepped down last September, adding to some concerns about the company’s financial health.

nevertheless Winfrey has helped validate the company’s weight loss service. She said in December that will she’s shed more than 40 pounds as well as has continued to appear in TV commercials for the company.

Related: Oprah’s loss can be Weight Watcher’s gain

Weight Watchers has also assured investors that will This specific can be looking for a fresh CEO to replace Chambers.

Board member Christopher Sobecki, a managing partner at private equity firm Invus, said during a conference call with analysts Tuesday that will the CEO search can be “on track” as well as that will “there can be high interest inside position.”

The recent success of Weight Watchers does not appear to be hurting rival Nutrisystem at all.

Nutrisystem, which also owns the South Beach Diet, said on Tuesday that will was continuing to add more customers. CEO Dawn Zier didn’t even mention Weight Watchers during her company’s conference call with analysts.

as well as This specific also looks like neither company can be having a problem attracting more paying members even though there are many free diet as well as health as well as fitness apps available on smartphones for people looking to shed a few pounds.

Of course, This specific remains to be seen if investors’ love for both companies fade as the year goes on as well as many well-intentioned dieters go back to eating too many sweets as well as let their gym memberships lapse.

nevertheless for right now, Wall Street can be bullish on calorie counting. as well as Oprah Winfrey can be counting more cash too.

sy88pgw (fresh York) First published March 1, 2017: 11:22 AM ET


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