weight watchers down appx 20% today...the pps, not the poundage
sector waaaaaay overcrowded...
... The company also reported a drop in revenue of nearly 4%, compared to the year-ago quarter. It said it is acquiring fewer new customers as more people turn to free apps that provide a similar service.
"This deceleration was driven by declining sign-ups in the U.S. business, as the commercial weight loss category continued to be impacted by increasing consumer trial of activity monitors and free apps," said the company, in its earnings report.