Is Weight Watchers ‘getting crushed by keto’?

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According to CNN, Weight Watchers is “getting crushed by keto”. A surprisingly poor quarter led Weight Watchers’ CEO Mindy Grossman to mention a “keto surge” as one of the company’s challenges in her call with Wall Street analysts. In the aftermath of reporting poor earnings and sales, the weight-loss company’s stock plunged more than 33 percent on Wednesday. In less than a year, the stock has lost more than 80 percent of its value. CNN Business: Weight Watchers is getting crushed by keto CNN reports that a “rival weight-loss service” called Diet Doctor is a challenging competitor to Weight Watchers: JPMorgan analyst Christina Brathwaite downgraded the stock to “underperform” last week and slashed her price target. One of the reasons? She was worried about competition from rival weight-loss service Diet Doctor, which is a proponent of keto. To be clear, we don’t see ourselves as a “weight-loss service”. We are a health company. We give inspiration...
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Is Weight Watchers ‘getting crushed by keto’? was originally posted by Ketogenic Diet