Aug. 9, 2021 According to CEO Mindy Grossman: “We ended the quarter with 4.9 million subscribers, including 4.1 million Digital subscribers -- an all-time second quarter-end high and up 6% year-over-year, but below our expectations. The strong Digital year-over-year growth momentum in Q1 slowed in the second quarter as we cycled against strong Digital performance…
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Medifast Reports 2nd Quarter Results
August 6, 2021 Medifast reported its results for Q2 2021 on August 4. "This has been another outstanding quarter for Medifast, driven in large part by our success in driving growth in independent OPTAVIA Coaches to new highs, and empowering those Coaches to be more productive than ever before." said Dan Chard, Chairman & Chief Executive Officer…
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Noom, Weight Loss App Company, Eyes Possible IPO
May 19, 2021 Noom Inc., a popular app targeted to help weight loss, is said to have obtained funding from the private equity firm Silver Lake ahead of a potential IPO. Noom is said to be worth $4 billion in its latest funding round, according to a Bloomberg report yesterday. The company, which hopes to be…
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Medifast Reports Q1 2021 Results – On Track For $1.4 Billion In Sales
May 6, 2021 Medifast reported results for the first quarter ended March 31, 2021. "This has been an exceptional quarter of growth and productivity, reflecting the outstanding abilities of both our independent OPTAVIA Coaches and our employees," said Dan Chard, Chairman and Chief Executive Officer of Medifast. "We now have a record 52,500 OPTAVIA Coaches who are achieving new…
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WW Reports Q1 2021 Results
May 6, 2021 Weight Watchers reported its 1st quarter performance yesterday. "...WW had a strong start to the year, ending Q1 with 5.0 million subscribers, record Digital subscribers, and member retention remaining at an all-time high of over 10 months,” said Mindy Grossman, the Company’s President and CEO. "...Our continued digital transformation to a personalized,…
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Americans Pack On The Pounds During Pandemic
March 23, 2021 Just as we thought, lots of Americans gained a significant amount of weight the past year due to the pandemic, forced to stay away from gyms and be sedentary at home. And, the obesity rate at 42% of adults, was already at record highs. Great news for weight loss program providers, lots…
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Marketdata Publishes New Weight Loss Report: Findings
March 18, 2021 Marketdata LLC, has just released the new 16th edition of its best-selling report: "The U.S. Weight Loss & Diet Control Market". This is a 438-page analysis of ALL segments of the market -- commercial chains, medical programs, diet foods, soft drinks, meal replacements, diet books, Rx diet drugs, bariatric surgeries, the health…
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Meal Replacements Do Well During The Pandemic
March 7, 2021 Marketdata's research to update its study: "The U.S. Weight Loss & Diet Control Market" continues. One of the key chapters in this upcoming report tracks the meal replacements (powdered shakes, nutrition bars) and appetite suppressants market (retail and MLM non-prescription diet pills). Meal replacements have done well in 2020. Diet pills, not…
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