Weight Watchers to Join S&P MidCap 400 Index
NEW YORK, /PRNewswire/ -- Weight Watchers International, Inc. (NYSE: WTW) will be added to the S&P MidCap 400 Index effective prior to the open of trading on September 18, 2018. The company will be classified under S&P's Global Industry Classification Standard (GICS) Specialized Consumer Services Sub-Industry index.
"We are honored to join the list of leading companies comprising the S&P MidCap 400," said Nick Hotchkin, Chief Financial Officer of Weight Watchers. "This milestone serves as recognition of our strong momentum in expanding our impact globally while profitably growing revenues. As we deliver on our purpose of inspiring healthy habits for real life, we believe we are well-positioned to continue to grow the business and increase long-term value for our shareholders."
The S&P MidCap 400 provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500, measures the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.
About Weight Watchers International, Inc.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The reports filed by the Company pursuant to United States securities laws contain discussions of these risks and uncertainties. The Company assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review the Company's filings with the United States Securities and Exchange Commission (which are available from the SEC's EDGAR database at www.sec.gov, at various SEC reference facilities in the United States and via the Company's website at www.weightwatchersinternational.com).
SOURCE Weight Watchers International, Inc.
Company Codes: NYSE:WTW