Wednesday’s CPI report tracks inflation to its lowest point since early 2021.

ChatGPT Is Writing Lots of Job Applications, But Companies Are Quickly Catching On. Here's How.

by Sherin Shibu • August 14, 2024 • 0 Comments

AI tools may help write your cover letter, but it’s also doubling the number of applicants.

6 Things Rock Climbing Taught Me About Building a Business

by Anne Marshall • August 14, 2024 • 0 Comments

Preparation, resilience and adaptability are universal keys to scaling the heights of business success.

Food Franchisees Are Shifting to Non-Food Investments — And You Should, Too

by Dan Rowe • August 14, 2024 • 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.

M&M's Maker Mars Inc. Is Acquiring Pringles-Producer Kellanova in $36 Billion Cash Deal

by Emily Rella • August 14, 2024 • 0 Comments

The acquisition was announced early Wednesday.

Don't Lose Your Customers Again — 6 Strategies for Creating a Customer-Centric Culture

by Pedro A. Barboglio Murra • August 14, 2024 • 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.

Hot Business News Today

How to Assemble a Strong, Dynamic and Interdependent Team

by Chris Kille • August 14, 2024 • 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 • August 14, 2024 • 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