WeightWatchers has announced that it has filed for bankruptcy to “bolster its financial position, increase investment flexibility in its strategic growth initiatives, and better serve its millions of members around the world.”
Currently, the 62 year old company holds approximately $1.5 billion in debt, due to competition from weight loss drugs and a slowdown in consumer spending.
The company’s Chapter 11 “will eliminate $1.15 billion in debt from the Company’s balance sheet, and position WeightWatchers for long-term growth and success,” WeightWatchers stated, “With this improved financial foundation, the Company is well equipped to execute its transformation plan, which includes innovating its digital and member experience and accelerating the expansion of its telehealth business which delivered 57% year-over-year revenue growth in Q1 2025.”
WeightWatchers CEO Tara Comonte told investors, “The decisive actions we’re taking today, with the overwhelming support of our lenders and noteholders, will give us the flexibility to accelerate innovation, reinvest in our members, and lead with authority in a rapidly evolving weight management landscape.”
Comonte stated, “For more than 62 years, WeightWatchers has empowered millions of members to make informed, healthy choices, staying resilient as trends have come and gone… 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.”
During the legal process, the company stated that operations will continue without impacting its more than three million members worldwide.
By CEO NA Editorial Staff
