Weight Watchers reported quarterly results Thursday that beat analysts' expectations. Its shares popped on the news, as the company aims to become the next turnaround story success.
The diet brand benefited from its partnership with media star Oprah Winfrey, announced in mid-October.
"In December, we will be launching a comprehensive program innovation as we expand our purpose from weight loss alone to more broadly helping people lead healthier, happier lives," CEO Jim Chambers said in a statement. "The response to our groundbreaking partnership with Oprah Winfrey has been terrific. I am thrilled about the impact it will have on accelerating our transformation."
Weight Watchers posted third-quarter earnings per share of 39 cents on $273 million in revenue. Wall Street had expected profit per share of 29 cents on $266 million in revenue, according to consensus estimates from Thomson Reuters.
The company's shares surged more than 17 percent in extended trade.