Despite geopolitical uncertainty, a recent survey finds SMBs optimistic, growth-minded and tech-forward.
Monthly Archives: August 2024
Hot Business News Today
CPI Report: Inflation Hits 3-Year Low, Analysts Predict Fed Will Cut Rates Next Month
by Sherin Shibu • • 0 Comments
Hot Business News Today
ChatGPT Is Writing Lots of Job Applications, But Companies Are Quickly Catching On. Here's How.
by Sherin Shibu • • 0 Comments
AI tools may help write your cover letter, but it’s also doubling the number of applicants.
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6 Things Rock Climbing Taught Me About Building a Business
by Anne Marshall • • 0 Comments
Preparation, resilience and adaptability are universal keys to scaling the heights of business success.
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Food Franchisees Are Shifting to Non-Food Investments — And You Should, Too
by Dan Rowe • • 0 Comments
Food franchise leaders are diversifying their investments into non-food sectors such as skincare and electronics, driven by rising costs and challenges in the restaurant industry.
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M&M's Maker Mars Inc. Is Acquiring Pringles-Producer Kellanova in $36 Billion Cash Deal
by Emily Rella • • 0 Comments
Hot Business News Today
Don't Lose Your Customers Again — 6 Strategies for Creating a Customer-Centric Culture
by Pedro A. Barboglio Murra • • 0 Comments
The modern business landscape demands that companies prioritize customer satisfaction to stay competitive. This article discusses six actionable strategies to foster a customer-centric culture within your organization.
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How to Assemble a Strong, Dynamic and Interdependent Team
by Chris Kille • • 0 Comments
“The strength of the team is each individual member. The strength of each member is the team.”
Hot Business News Today
Medifast (OPTAVIA) Q2 Revenue Down 43,1% To $169 Million
by Team Business For Home • • 0 Comments
Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the second quarter ended June 30, 2024.
Revenue of $168.6 million, with revenue per active earning Coach of $4,972
Independent active earning OPTAVIA Coaches of 33,900
Net loss of $8.2 million (non-GAAP adjusted net income of $10.1 million)
Loss per diluted share of $0.75 (non-GAAP adjusted earnings per share (“EPS”) of $0.92)
Cash, Cash Equivalents, and Investment Securities of $163.5 million with zero debt
“We are acting decisively to transform our business to position us for long-term growth, with a strong balance sheet free of debt, a clear focus on new customer acquisition, and a broader health and wellness offer to a significantly expanded target market,”
said Dan Chard, Chairman & CEO.
”Our holistic approach, encompassing nutrition, personalized coaching, a supportive community, and access to a clinician through our collaboration with telehealth provider, LifeMD, positions us uniquely to support those who are interested in weight loss medications as well as those who are transitioning off a medical regimen, or those who choose to pursue more traditional weight loss methods. Our mission today, much like it has been over the last 40 years, is to help our