(813) 971-8080

7210 Wareham Drive, Tampa, FL 33647

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, 2014, Medifast net revenue decreased 10% to $86.5 million from net revenue of $96.0 million in the first quarter of the prior year. Revenue in the direct sales channel, Take Shape for Life, decreased 4% to $57.0 million in the first quarter of 2014 compared to $59.4 million in the same period last year. The decrease in revenue for Take Shape for Life was driven by a slight decrease in the number of health coaches and revenue per health coach. The company ended the first quarter with approximately 11,100 active health coaches and the average revenue per health coach per month for the quarter decreased to $1,626 compared to $1,720 in the first quarter of 2013.

The company expects second quarter 2014 net revenue to be in the range of approximately $85 to $88 million. Earnings per diluted share are expected to be in the range of $0.37 to $0.40 based on a 34% effective tax rate. For fiscal year 2014, the company reiterated its previous guidance of net revenue to be in the range of $340 to $380 million and earnings per diluted share in the range of $1.80 to $1.90.

Conference Call - Marketdata Commentary

Looks like the first quarter was tough for everyone in the market, including Medifast. The company cited very cautious consumer discretionary spending in Q1. it has stepped up its email marketing, and spent less on marketing this year, focusing it in Jan. and Feb. but pulling back in March. it will resume more normal marketing spend in April, and plans to roll out 27 new food products this year. The firm now has 63 company-owned outlets and 51 franchises. 12 franchises were acquired by Medex in Q1. The key to Medifast's growth seems to be tied to recruiting and training more TSFL MLM health coaches, as that number has been stuck at 11,000 or so for a while now. TSFL has been their big growth engine in recent years.

See the complete press release and financial tables here

0 Responses

  1. <strong>Title</strong> [...]check below, are some entirely unrelated web-sites to ours, having said that, they are most trustworthy sources that we use[...]
  2. <strong>Title</strong> [...]usually posts some pretty fascinating stuff like this. If you’re new to this site[...]
  3. <strong>Title</strong> [...]check beneath, are some absolutely unrelated web-sites to ours, having said that, they are most trustworthy sources that we use[...]
  4. <strong>Title</strong> [...]one of our guests just lately advised the following website[...]
  5. <strong>Title</strong> [...]we prefer to honor a lot of other online web sites around the internet, even if they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[...]
  6. <strong>Title</strong> [...]below you’ll find the link to some internet sites that we feel you should visit[...]
  7. <strong>Title</strong> [...]check beneath, are some totally unrelated websites to ours, nevertheless, they're most trustworthy sources that we use[...]
  8. <strong>Title</strong> [...]Here is a great Weblog You may Obtain Fascinating that we Encourage You[...]
  9. <strong>Title</strong> [...]Every once inside a while we choose blogs that we study. Listed below are the most up-to-date internet sites that we pick out [...]
  10. <strong>Title</strong> [...]below you’ll find the link to some sites that we think you should visit[...]
  11. <strong>Title</strong> [...]below you will uncover the link to some web-sites that we feel you should visit[...]
  12. <strong>Title</strong> [...]Here is a great Weblog You may Discover Fascinating that we Encourage You[...]
  13. <strong>Title</strong> [...]very handful of websites that transpire to become detailed beneath, from our point of view are undoubtedly very well worth checking out[...]
  14. <strong>Title</strong> [...]although internet websites we backlink to beneath are considerably not connected to ours, we feel they may be basically really worth a go via, so have a look[...]
  15. <strong>Title</strong> [...]Every once in a though we pick blogs that we study. Listed beneath are the newest websites that we select [...]
  16. <strong>Title</strong> [...]one of our guests not too long ago encouraged the following website[...]
  17. <strong>Title</strong> [...]Here are some of the web-sites we suggest for our visitors[...]
  18. <strong>Title</strong> [...]Sites of interest we have a link to[...]
  19. <strong>Title</strong> [...]although internet sites we backlink to below are considerably not connected to ours, we really feel they're actually worth a go by way of, so have a look[...]
  20. <strong>Title</strong> [...]the time to study or go to the subject material or websites we have linked to below the[...]
  21. <strong>Title</strong> [...]the time to read or visit the content or web sites we have linked to below the[...]
  22. <strong>Title</strong> [...]although internet sites we backlink to below are considerably not related to ours, we feel they may be really worth a go as a result of, so possess a look[...]
  23. <strong>Title</strong> [...]Every after in a even though we select blogs that we read. Listed below would be the most current web sites that we choose [...]
  24. <strong>Title</strong> [...]that is the end of this write-up. Here you will uncover some sites that we feel you will appreciate, just click the hyperlinks over[...]
  25. <strong>Title</strong> [...]Here are some of the web sites we advise for our visitors[...]
  26. <strong>Title</strong> [...]below you will discover the link to some sites that we believe you ought to visit[...]
  27. <strong>Title</strong> [...]we came across a cool web site that you could delight in. Take a appear for those who want[...]
  28. <strong>Title</strong> [...]just beneath, are quite a few totally not connected sites to ours, nonetheless, they may be certainly really worth going over[...]
  29. <strong>Title</strong> [...]Here are a few of the websites we recommend for our visitors[...]
  30. <strong>Title</strong> [...]The facts mentioned inside the post are a few of the most effective out there [...]
  31. <strong>Title</strong> [...]the time to read or take a look at the content material or web pages we've linked to beneath the[...]
  32. <strong>Title</strong> [...]here are some links to web pages that we link to simply because we consider they're really worth visiting[...]
  33. <strong>Title</strong> [...]Here is a great Blog You may Find Fascinating that we Encourage You[...]
  34. <strong>Title</strong> [...]check beneath, are some completely unrelated internet sites to ours, however, they may be most trustworthy sources that we use[...]
  35. <strong>Title</strong> [...]very handful of sites that take place to become in depth beneath, from our point of view are undoubtedly properly worth checking out[...]
  36. <strong>Title</strong> [...]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless really worth taking a search, whoa did a single discover about Mid East has got much more problerms too [...]
  37. <strong>Title</strong> [...]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless genuinely really worth taking a search, whoa did one particular understand about Mid East has got a lot more problerms too [...]