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Latest News

Medifast Revamps Board of Directors

April 6, 2015 -- The company announced a massive board overhaul. CEO Michael MacDonald acknowledged that activists did play a part in shaping the changes at Medifast. Eight people will leave the company's board as the body shrinks from 12 people to nine. Activists, including Glenn W. Welling of California-based Engaged Capital LLC, sped the moves, MacDonald said. Mr. Welling Continue Reading

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Medifast Reports Q4 & 2014 Results

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

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NutriSystem Reports Q4 and 2014 Results

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

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