Hims & Hers plunges after weight-loss pivot hits quarterly results

Hims & Hers Health fell 15% premarket after missing first-quarter revenue estimates and posting a surprise loss. The weak print was tied to changes in its weight-loss offerings, signaling pressure on a key growth area. The move is likely to weigh on the stock and broader sentiment around the company’s fundamentals.

Analysis

Hims & Hers Health fell 15% premarket after missing first-quarter revenue estimates and posting a surprise loss. The weak print was tied to changes in its weight-loss offerings, signaling pressure on a key growth area. The move is likely to weigh on the stock and broader sentiment around the company’s fundamentals.