Tag Archive for Medifast

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Medifast President Gets Appointed As Chair Of Direct Selling Association (DSA)

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Medifast, Inc. (NYSE:  MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, announced that Mona Ameli, President of its Take Shape For Life division, was appointed as the Chair of the Direct Selling Association (DSA) Diversity and Empowerment Council. 
The Diversity and Empowerment Council strives to inform and support member companies on ways to achieve greater business success through effectively reaching and serving more diverse customer populations and partnering closely with DSA leadership to develop and implement strategies that expand access to a range of direct-selling opportunities for a diverse populace.

“Mona has been a dynamic member of the Council since its inception and her personal and on-the-ground experience will be instrumental in advancing the DSA’s diversity objectives,” said Meg Sheetz, CEO of Take Shape For Life.
“Mona is well recognized

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Medifast Q2 Revenues Down 3% to 72.2 Million

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Medifast, Inc. a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today reported financial results for the second quarter ended June 30, 2015.

“We are pleased with our solid results in the second quarter which were in-line with our revenue and earnings expectations,” said Michael C. MacDonald, Medifast Chairman and Chief Executive Officer. “We continued to make progress on our strategic initiatives within each of our key areas of focus, while also maintaining a strong financial discipline across our business. We believe that these efforts will help grow and improve Take Shape for Life, optimize Medifast Direct, and further our product and program innovation to position Medifast for success in 2015 and beyond.”

For the second quarter, Medifast net revenue from continuing operations decreased 3% to

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Take Shape For Life’s Mona Ameli Talks About Company’s Goals

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Mona Ameli has spent nearly two decades in the world of direct sales, working for companies in California that market products through networks of independent contractors. She’s had management roles in some of the largest companies in the health, wellness and beauty industries: Herbalife International, Shaklee and, most recently, Belcorp USA, where she served as general manager.
Last November, Ameli became president of the Take Shape For Life business unit of Owings Mills-based Medifast. She relocated from San Francisco to the Baltimore area in January.
The unit she heads represents the biggest piece of the weight-loss company’s business, accounting for 70 percent of sales. The Medifast program is marketed through a network of independent health coaches who work as paid independent contractors, selling products to clients. The company has more than 10,500 active health

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Take Shape For Life in DSA Top 20 List

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Medifast, Inc. a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, announced today the company’s direct selling division, Take Shape For Life, was recognized as one of the 20 largest members of the Direct Selling Association (DSA), a national trade association of leading firms that manufacture and distribute goods and services sold directly to consumers.
The recognition, which was based on 2014 U.S. net sales, was announced at the 2015 DSA Annual Meeting in San Antonio, Texas.
This news follows an announcement the Company made in April after it was named to Direct Selling News’ 2015 Global 100 and 2015 North American 50 lists, accolades that were both based on revenue generation.

“Take Shape For Life, since day one, has been dedicated to providing our network of Health Coaches and Clients with products,

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Medifast Reports Quarterly Earnings With Profit Of $4.4 Million

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Medifast Inc. (MED) on Thursday reported first-quarter net income of $4.4 million.
On a per-share basis, the Owings Mills, Maryland-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, came to 46 cents per share.
The weight-loss company posted revenue of $73.4 million in the period.
For the current quarter ending in June, Medifast said it expects revenue in the range of $72 million to $74 million.
The company expects full-year earnings to be $1.85 to $1.95 per share, with revenue ranging from $285 million to $300 million.
Medifast shares have decreased almost 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.95, an increase of 6 percent in the last 12 months.

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Medifast Projects $74 Million Revenues in Q2

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Weight-loss and healthy living products company Medifast that recently announced first quarter financial results is expecting a strong second half.

“We felt very good about where we ended up the first quarter and we’re projecting $0.47 in earnings in the second quarter even though we anticipate that our average advertising spend will be higher going forward,” MacDonald says.

The consensus estimate of many analysts is for the company to earn $0.45 a share in its second quarter. On the top line, Medifast said it expects revenue to be $72 million to $74 million, above the Wall Street forecast of $71 million.
In order to hit its second-quarter targets, MacDonald is counting on a turnaround in the company’s direct sales channel, which experienced a revenue decrease of 9% to $52.1 million in 2015’s first quarter compared with $57.0 million last year.

“We’ve been building our network of

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Medifast Q1 revenues down 7% to 73.4 million

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Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today reported financial results for the first quarter ended March 31, 2015.
For the first quarter, Medifast net revenue from continuing operations decreased 7% to $73.4 million from net revenue of $79.2 million in the first quarter of 2014.

“We are pleased to get off to a good start this year by exceeding our first quarter top and bottom line guidance,” said Michael C. MacDonald, Medifast Chairman and Chief Executive Officer. “We continue to execute well operationally while putting the plans in place to advance our three key strategic priorities; to grow and simplify Take Shape For Life, optimize Medifast Direct revenues and deliver product and program innovation.  We are very focused on returning to a growth trajectory in 2015

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Medifast CEO Named EY Entrepreneur Of The Year Finalist

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Medifast, Inc.  a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today announced that Michael MacDonald, Chairman and Chief Executive Officer, was named a finalist for the EY Entrepreneur Of The Year® 2015 Award in the Maryland Region.
The 29th annual awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.  A panel of independent judges selected the 24 Maryland finalists. 

“Without our passionate executive team and dedicated employees who truly embody the Company’s entrepreneurial spirit, this honor would not be possible,” said Michael MacDonald, Medifast Chairman and Chief Executive Officer. “This award is a reflection of the hard work and dedication of many who remain focused on helping our customers live healthier.”

At

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Medifast Finalises Board Members After Activist Investor Shakeup

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Medifast Inc. will complete its board overhaul by nominating as directors a former Avon executive and the president of alternative medicine supplement company Healthy Directions.
The moves come to satisfy activist investor Glenn Welling, who pushed Owings Mills-based weight-loss company Medifast (NYSE: MED) at the beginning of April to revamp its board. Welling owns 6% of Medifast through his California-based company, Engaged Capital LLC, and used his influence to shrink the company’s board of directors to nine people while removing eight existing directors.
In April, Welling and Medifast agreed to keep four directors and add three new directors. But they still had to agree on two more new directors. Those directors will be Scott Schlackman and Connie Hallquist, the company said Thursday.
Schlackman has experience in the direct-selling industry that makes up much of Medifast’s business. He held several executive roles for

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Medifast Profits Fall 45%, Overhauls Board

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Weight-loss company Medifast Inc. announced Monday that it would overhaul its board of directors under pressure from an activist investment firm, removing eight directors and adding five.
Medifast, is seeking to break into international markets and expand its national reach as it copes with growing competition from technology-driven diet programs on smartphones and other gadgets. CEO Michael MacDonald, who will continue as chairman, said the new board would help the company reach those goals.

The board members who are being replaced “were good board members but didn’t have the national experience or exposure that these guys were looking for,” MacDonald said. “What we’re doing now is putting in what we feel will be people who have very good skill sets to take us to that next level.”

MacDonald said he began talking last year with

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