Medifast, Inc., manufacturer and provider of clinically proven weight-loss and healthy living products and programs, and parent company of Take Shape for Life, today reported financial results for the third quarter ended September 30, 2015 .
The company served up $5.5 million in net income for the quarter ending Sept. 30, up from $4.9 million last year. Earnings per share came in at 46 cents — up from 39 cents a year ago.
The higher earnings came in spite of revenue that dropped more than 4 percent year-over-year. Medifast posted revenue of $65.9 million, down from $69 million last year.
Several of the company’s smaller lines of business were responsible for the drop. The Medifast Direct channel lost 16 percent of revenue to $11.2 million amid difficulties adding customers. The company’s franchised weight control centers lost 5
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Take Shape For Life Hosts National Optimal Health Day
by Ramya Chandrasekaran • • 0 Comments
Medifast, Inc. a leading United States manufacturer and provider of clinically proven, weight-loss and healthy living products and programs, announces the third annual National Optimal Health Day presented by its Take Shape For Life division.
National Optimal Health Day promotes Take Shape For Life’s mission to offer individuals an opportunity to create sustainable health in all areas of their lives – building a healthy body, developing a healthy mind, and generating healthy finances.
Today, on September 17th, Take Shape For Life Health Coaches across the U.S. sponsored more than 400 events for their community, including healthy happy hours and activity events ranging from walks, yoga in the park, a hike on local trails, and group exercise classes. More than 13,000 people accepted the Optimal Health challenge while participating in today’s National Optimal Health Day
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Medifast Q2 Revenues Down 3% to 72.2 Million
by Ramya Chandrasekaran • • 0 Comments
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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Medifast Projects $74 Million Revenues in Q2
by Ramya Chandrasekaran • • 0 Comments
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
by Ramya Chandrasekaran • • 0 Comments
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