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Oct. 31, 2013…A New York City trial judge has certified a class of 751 current and former Jenny Craig workers who claim the company changed their time cards to show that they had taken 30-minute meal breaks when, in fact, they were pushed to work through the pause. This, the complaint claims, was a policy […]

On Oct. 31, 2013, the company reported Q3 revenues of $393.9 million, down 8.5% on a constant currency basis versus the prior year period. “While progress on cost cutting has allowed us to exceed our Q3 profit expectations, we expect Q4 revenues to be down low double digits given our continuing negative recruitment trends,” commented

Dawn Zier, President and CEO, said, “We are pleased with the continued progress of our turnaround. The year-over-year growth in acquisition revenues and customer starts across all channels for the quarter is a strong sign that our strategy is beginning to take hold. The sophisticated segmentation and targeting methodologies implemented over the past year not

In late October, Medifast informed its affiliate program partners that they will not be paid any commissions on sales for the balance of the year. Their statement was: “Due to significant budget cutbacks, Medifast is having to drastically reduce spend, particularly in the affiliate channel for the remainder of 2013. Effective immediately, you have been

Rarely do we obtain good information about weight loss competitors in other countries. Naturhouse is one example. Their original concept was born in Spain where it boomed in 2000. It was introduced in France back in 2006. Since then it became the #1 Diet system in the country. Today there are 400 weight loss centers

According to the popular stock advisory service The Motley Fool, Qsymia’s sales have been minuscule since its launch in Sept. 2012. VIVUS’ revenue from the drug in Q2 2013 was $5.5 million compared to $4.1 million in Q1 2013. At the same time, the company has reported a net loss of $55.5 million, which is

Activist hedge fund Clinton Group discloses an expanded 5.3% stake (1.48M shares) stake in Nutrisystem. In conjunction, the fund sent a letter to CEO Dawn Zier, lauding the company on its CEO change (which Clinton had agitated for) and urging the company to increase the dividend (current yield of 4.9%) as cash flow improves. Clinton

HealthyWage (healthywage.com), the purveyor of financial incentive-based weight loss programs for individuals and businesses, revealed that Weight Watchers® members who are complementing, “turbo charging” and cost supplementing their diet program endeavors with HealthyWage’s varied weight loss wagering programs are profiting at a staggering level and pace, having collectively won more than $200,000 in the last

eDiets.com, now owned by As Seen On TV, Inc., Clearwater, FL, has agreed to sell its assets related to its fresh and frozen meal delivery business for approximately $1.1 million, to Chef’s Diet National Co., LLC, a private company based in new York. The transaction is expected to close by Sept. 30.  Sounds like a

The Affordable Care Act is coming soon and a tidal wave of 40 million new people will enter the healthcare system. Many of them will be overweight. This could represent a shot in the arm that the weight loss market needs. However, not all parts of a given program will be covered by insurance. Obesity