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 President Gets Appointed As Chair Of Direct Selling Association (DSA)
by Tina Williams • • 0 Comments
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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Take Shape For Life President Appointed DSA Leader
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, 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 in
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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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Take Shape For Life’s Mona Ameli Talks About Company’s Goals
by Ramya Chandrasekaran • • 0 Comments
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
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, 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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Take Shape For Life Recognized In Top 100
by Nicole Dunkley • • 0 Comments
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 named to Direct Selling News’ 2015 Global 100 and 2015 North American 50 lists. Take Shape For Life was recognized as one of the top revenue-generating direct sellers.
“Since its inception, Take Shape For Life has focused on providing our Health Coaches and Clients with products, programs, and tools to help them live an optimal life,” said Meg Sheetz, CEO of Take Shape For Life.
“Ranking among DSN’s prestigious annual list of direct sellers is a great indicator that we are advancing our mission and reaching more people along their weight-loss, weight management, and healthy living journeys.”
The comprehensive list, published in April, 2015,