WeightWatchers 2004 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 2004 WeightWatchers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Looking ahead, we see many avenues of growth for our business.
Our sound financial position and unique business model allows
us to grow and adapt, while maintaining high margins and
producing significant cash flow and net income. We will continue
to seek avenues to deliver shareholder value. In 2004, we utilized
a substantial portion of our $234 million in cash from operating
activities to fund accretive purchases of several franchises and also to
repurchase our shares.
We remain focused on helping the overweight population through innovative programs, continuous
enhancements to the member experience, and newly licensed products, as well as through brand
building and motivational marketing strategies. We believe we are taking the right steps to support
our brand and enhance our growth potential over the long term. We will never waiver from our
commitment to offer healthy, scientifically based, and effective approaches to weight loss. The
credibility of our program is everything. It is why our business has thrived for over four decades
and why we are so optimistic about the future.
I would like to thank all of our members, leaders and service providers, employees, directors, and
shareholders for their dedication and support in maintaining our position as the world’s most-
recognized and trusted weight-loss service.
Sincerely,
Linda Huett
President and
Chief Executive Officer