October 3, 2019 Noom has developed a weight-loss app and a personalized meal-planning service it says already is used by 45 million people worldwide that helps overweight people make behavioral changes that can help them slim down. Danish drug maker Novo says it has completed an eight-month pilot that combined Noom's behavior change programs with…
Read moreWW Reports Q2 Results – Brighter Outlook, Stock Upgrades
August 8, 2019 On Aug, 6th, the company reported that: “Member recruitment trends improved throughout the second quarter as we saw good response to our spring campaigns. End of period subscribers increased 1.5% year-over-year to 4.6 million – our highest level ever for a second quarter,” said Mindy Grossman, the Company’s President and CEO. “We…
Read moreMedifast Reports Q1 Results
May 1, 2019 Medifast, Inc. today reported financial results for the first quarter ended March 31, 2019. "Our strong start to the year was fueled by a record number of active earning OPTAVIA Coaches and increased coach productivity," commented Dan Chard, Medifast's CEO. "These achievements helped generate first quarter revenue and earnings above our expectations and…
Read moreWeight Watchers Beats Q1 Estimates
May 7, 2019 Weight Watchers International (WW) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 38.46%. The…
Read moreVirtual Weight Loss Is A $1.4 Billion Market
April 23, 2019 Marketdata LLC (theparent company of this website) has just published a brand new market research study entitled: "The Digital Weight Loss Market: Websites, Apps and More", a 121-page analysis with 21 competitor profiles. This is a groundbreaking new analysis of weight loss... apps, websites, blogs, online courses, and telemedicine-related services. Digital or…
Read moreHow To Fix Weight Watchers
April 16, 2019 Recently, a J.P. Morgan analysts, Christina Brathwaite, claimed that WTW's business was eroding, based on a 40% yoy drop in daily average users of the company's app. This assessment triggered a sell-off and worried investors. However, It is Marketdata's contention that this assessment was reckless and represented a woefully incomplete picture of…
Read moreHIG Capital Buys Jenny Craig
April, 5, 2019 Private equity fund HIG Capital has purchased Jenny Craig from North Castle Partners, which had owned Jenny Craig since 2013. HIG managing director Jeff Zanarini said, “We believe Jenny Craig represents an ideal opportunity to invest in the premier provider of weight loss services, especially with the rising prevalence of overweight adults.…
Read moreMedifast Reports Q4 and 2018 Results, 2019 Forecasts
Feb. 26, 2019 -- As reported in a Medifast Press Release... "We are very pleased with our strong finish to 2018," commented Dan Chard, Medifast's Chief Executive Officer. "We reached a significant corporate milestone generating over $500 million in annual revenue and profitability exceeded our expectations. Importantly, we achieved these results while accelerating the level of…
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