Reuters reported in April 2025 that WeightWatchers' stock, which traded as high as $100 in 2018, lost most of its value last year as the company faced revenue declines, liquidity concerns, and celebrity shareholder Oprah Winfrey's decision to exit its board.

The transaction is designed to eliminate $1.15 billion in debt, which the company says will reposition it for "long-term growth and success," and that the fiscal changes WeightWatchers can "execute its transformation plan, which includes innovating its digital and member experience and accelerating the expansion of its telehealth business."

WeightWatchers announced Tuesday that it is filling for bankruptcy. Texas has more than 50 WeightWatchers locations.