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Is the Oprah Winfrey halo starting to fade from Weight Watchers?Weight Watchers shares fell nearly 15 percent Tuesday after the company reported a decline in subscribers between the first and second quarters.But the market may be overreacting to a calendar problem.For the past few years, Weight Watchers has reported a similar dip in subscribers during that period. The rolls grow again as the year progresses, which makes sense.People are often gung-ho about exercising, eating better and losing weight right after the winter holidays. But New Year's resolutions can be hard to maintain in the spring and summer.Even though some subscribers drop out in the first few months of the year, total subscribers are actually way up since Winfrey joined. The base grew 28 percent from a year ago to 4.5 million.In the third quarter of 2015, the company had fewer than 2.6 million subscribers.Despite the big drop in the stock Tuesday, the company's latest profits actually topped forecasts, and it raised its outlook.Shares in the company are up nearly 80 percent this year and have skyrocketed more than 1,000 percent since Winfrey first invested about million.Weight Watchers has done an extraordinary job over the past few years of making the company's programs more exciting for a broader base of people, particularly since Mindy Grossman — formerly of HSN — took over as CEO last year.The new Weight Watchers Freestyle program lets you eat a wider variety of food. Weight Watchers has also partnered with meditation company Headspace to provide exclusive content on the Weight Watchers app to its subscribers.It's all about wellness, not necessarily how many pounds you've lost.Grossman said during an earnings call with analysts Monday evening that beginning next January, no artificial ingredients will appear in any Weight Watchers-branded products. And she quoted Winfrey, who said at a Weight Watchers event in February that "healthy is the new skinny."In addition to Winfrey, who is also a board member and the company's third largest investor with a 5 percent stake worth about 0 million, Weight Watchers has brought on actor Kevin Smith, music star DJ Khaled and celebrity chef Eric Greenspan as "ambassadors" for the company.So there is no issues with Oprah's halo. Weight Watchers still looks pretty healthy. 2337
In newly-released guidance from the CDC, the federal agency cautions front-line workers to avoid interacting with those who violently protest not wearing masks.This comes as many states now require masks to be worn in all public indoor locations, such as retailers and grocery stores. Despite state laws, many top retailers have already cautioned employees against enforcing mask rules.The CDC guidance encourages companies to provide training for employees on how to handle these situations.The guidance says that employees should not attempt to force anyone who appears upset or violent to follow COVID-19 policies. The guidance also applies to other related COVID-19 policies, such as limits on household items or food products).To read the full guidance, click here. 778
It’s time to bring humanity back to the conversation. Tune in to my new show #TheOprahConversation, where I’ll be joined by fascinating guests to have conversations that unite us—not divide us. Watch 7/30 on @AppleTV. pic.twitter.com/CJu7QLUIJW— Oprah Winfrey (@Oprah) July 27, 2020 290
In the wake of yet another North Korea missile test and a terror attack in London, President Trump spoke to soldiers and their families at Joint Base Andrews in Maryland.Trump did address the London attack during his speech, saying "Our hearts and prayers go out to the people of London, who suffered a vicious terrorist attack today."Watch Trump's entire speech in the player below. 396
In the town of Schuyler, Nebraska, located about 65 miles west of Omaha, immigration reform is a huge issue.A Cargill beef processing plant is the largest employer there, with a predominately Hispanic workforce.People who live in Schuyler, a town of about 6,000 people, are worried what the economic impact would be on the immigrant workforce there if DACA recipients and their families are forced to leave."In this town, there's a lot of commerce, Hispanic business. And the majority of our clients are Hispanics," said Rosa Lopez, Schuyler restaurant owner.Business owners in Schuyler — with a population that’s nearly 70 percent Hispanic and a business district dominated by Hispanic-owned shops and restaurants — is worried about the repercussions its economy would face if there's no DACA resolution by March."We depend on our youngsters for the future,” resident Irma Cuevas said. “So if that were eliminated, it would completely devastate not only Schuyler, but several other communities.""They're our clients,” Lopez said. “And if they get rid of the program, we would lose them as clients. And they wouldn't be able to contribute to the local economy."Long-time residents, like Luis Lucar, say DACA helps keep — and bring in — more people to the workforce there in Schuyler, which he says used to be a ghost town."If that happened, Schuyler would definitely go back to those years where businesses were closing,” Lucar said. “I don't think we want to see that again. And not only in Schuyler, but other Nebraskan cities that basically survive because of the immigrant workforce."Burrito House owner Chuy Salinas said at the end of the day, DACA recipients should get to stay — not only because it's good for business, but because it's the right thing to do.“Business is business,” he said. “But it's heartbreaking to see the moms and their kids, even if they're older like 22 or 25 — they'd have to be sent back and not even have a place to live.” 1964