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Business Description
Weight Watchers International Inc. operates and franchises territories offering weight loss and control programs through the operation of classroom type meetings to the general public in the United States, Canada, Mexico, the United Kingdom, Continental Europe, Australia, New Zealand, South Africa and Brazil. Weight Watchers' programs help people lose weight and maintain their weight loss and, as a result, improve their health, enhance their lifestyles and build self-confidence. At the core of its business are weekly meetings, which promote weight loss through education and group support in conjunction with a flexible, healthy diet and exercise method. Each week, over 1.5 million people attend approximately 46,000 Weight Watchers meetings around the world. The Company's approach towards weight loss and control is based on four core elements: group support, behavior modification, healthful eating and exercise.

Financial Information
For the 39 weeks ended 10/2/04, revenues rose 9% to $792.2 million. Net income before accounting change rose 43% to $151.8 million. Results reflect an increase in classroom meeting fees and the inclusion of income from a loan repayment.