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March 12, 2015 -- According to a press release...For the 4th quarter 2014, Medifast net revenue fell 11% to $62.3 million from net revenue of $70.3 million in Q4 2013. As a result of the closure and sale of the Medifast Corporate Weight Control Centers, the Company re-evaluated its segment reporting and will no longer provide segment disclosure other than Continue Reading
March 3, 2015 - According to Dawn Zier, President and CEO: “I am pleased we have delivered six consecutive quarters of year-over-year revenue growth. Our strong results for fiscal 2014 demonstrate the successful execution of our turnaround plan as well as our ability to be nimble and proactively address evolving customer needs. We’re attracting new customers to the brand, successfully Continue Reading
Feb. 26, 2015 - The news was not good, again. Total year 2014 sales of $1.479 billion. Fiscal 2014 revenues decreased 14.2% versus the prior year. This decrease was primarily driven by lower revenues in North America. Online revenues (WW.com subscribers) of $437 mill. (-16.7%) Planned $100 million cost reductions (staff layoffs). Expected 2015 revenues to decline further to $1.2 Continue Reading
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