News

Contrave Diet Drug Approved by FDA

Sept. 10, 2014 -- The U.S. Food and Drug Administration today approved Contrave (naltrexone hydrochloride and bupropion hydrochloride extended-release tablets) as treatment option for chronic weight management in addition to a reduced-calorie diet and physical activity. The drug is approved for use in adults with a body mass index of 30 or greater (obesity) or…
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Medifast Reports 2nd Quarter Results

Aug. 7, 2014... For the second quarter ended June 30, 2014, Medifast net revenue decreased 17% to $80.9 million from net revenue of $97.1 million in the second quarter of 2013.  Revenue in the direct sales channel, Take Shape for Life, decreased 12% to $54.1 million in Q2 of 2014 compared to $61.4 million in…
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Weight Watchers Reports 2nd Quarter Results

July 30, 2014: Weight Watchers reported its results for Q2 2014. Revenues of $397.5 million, down 15.6% versus the prior year period, with total paid weeks down 14.4% Cash flow provided by operating activities totaled $145.5 million year-to-date Earnings per fully diluted share (EPS) were $0.95 "While Q2 financial performance is down significantly year over…
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NutriSystem Beats 2nd Quarter Expectations

July 29, 2014: NutriSystem reported its results for Q2 2014 today. Revenue for the quarter was $111.1 million, an increase of 14% as compared to $97.5 million in the second quarter of 2013; Gross profit increased 14% versus prior year to $56.9 million. Dawn Zier, President and CEO, said, "We are pleased with our strong…
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Dr. Oz Gets Scolded by Government Over Supplements

June 17, 2014 - Under pressure from Congress, celebrity Dr. Mehmet Oz  offered to help "drain the swamp" of unscrupulous marketers using his name to peddle so-called miracle pills to millions of Americans desperate to lose weight.Dr. Oz appeared before the Senate's consumer protection panel and was scolded by Chairman Claire McCaskill for claims he…
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Marketdata Launches New Weight Loss Market

VIDEO TELESEMINARS May 13, 2014 - John LaRosa, MBA, the nation's 25-year analyst of the U.S. weight loss market and author of 50 in-depth weight loss market studies, has just launched a new video channel of teleseminars covering various weight loss topics, as follows: Go here to access the channel hosted by Pivotshare: The seminars…
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Medifast Reports 1st Quarter Results

May 5, 2014 - Medifast reported Q1 results, and revenues were down across the board, in all divisions. Despite this,m the company remains upbeat on upcoming new product launches, a continued transition from company-owned center to franchises, has $77 mill. cash & equivalents on hand, and no debt. For the first quarter ended March 31,…
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