Aug. 4, 2020 “We ended the quarter with our highest-ever Q2 subscriber base of 5.0 million, driven by a record level of digital subscribers, which were up 23% year-over-year. These milestones combined with the strength in digital revenues and our high margins are all testament to the work of our teams and talent around the…
Read more
Weight Loss Market Pivots To Survive Covid-19: New Report, 2020 Forecasts
June 12, 2020 Marketdata has released a new 65-page study: Status of The U.S. Weight Loss Market: Effects of The Pandemic. This is a complete analysis and forecast of ALL major segments of the U.S. diet market. “The Covid-19 crisis has forced many weight loss businesses to accelerate their operations toward the virtual delivery of…
Read more
Quick Weight Loss Centers Out of Business
April 30, 2020 it appears that Quick Weight Loss Centers, headquartered in Pompano Beach, FL, has gone out of business, a victim of the Covid-19 shutdowns and lost revenues. closing its 40 or so centers located in Florida and Texas. The company appears to be in the process of filing for Chapter 7 bankruptcy, as…
Read more
WW Adds Virtual Zoom Workshops During Crisis
April 8, 2020 In mid-March, WW International (Weight Watchers), decided to close its 3,000 physical locations but didn't want to leave members to fend for themselves in these trying times. WW president and CEO Mindy Grossman said in an interview with USA TODAY that in a matter of days, the company took its 30,000 weekly workshops virtual…
Read more
Medifast Beats on Earnings & Revenues, Q4, full-year report
Feb. 27, 2020 Medifast (MED) posted revenues of $170.63 million for the 4th quarter ended December 2019, surpassing the Consensus Estimate by 5.33%. This compares to year-ago revenues of $145.8 million. The company has topped consensus revenue estimates three times over the last four quarters. Fourth Quarter 2019 Highlights Compared to Prior-Year Period Revenue up…
Read more
WW Reports Q4 2019, Full Year Results
Feb. 25, 2020 “2020 is off to a terrific start. The global launch of the new myWW program is resonating in every market, the WW Presents: Oprah’s 2020 Vision tour in the U.S. has been engaging sold-out crowds siad Mindy Grossman, the firm's President and CEO. “Right now, we have more than 5 million members globally – a new…
Read more
Tivity Health, Parent of NutriSystem, Falters
Feb. 20, 2020 Tivity Health (stock symbol TVTY), the parent company that acquired NutriSystem last year, reported weak earnings and guidance and its CEO Donald Tramuto resigned, as did NutriSystem's Chief Marketing Office, Kiera Krausz. The stock price plummeted Thursday morning, falling 44%. According to management in their conference call: "...Admittedly, the Nutrition business has…
Read more
- 1
- 2