Nov. 7, 2018 -- 3rd Quarter 2018 Highlights: Revenue of $139.2 million, an increase of 80.3% year-over-year Active earning Coaches of 22,600, an increase of 59.2% year-over-year Net income of $13.8 million, an increase of 106.1% year-over-year Earnings per diluted share ("EPS") of $1.14, an increase of 107.3% year-over-year Dan Chard, Medifast's CEO, said: ..."We are…
Read moreWeight Watchers Q3 Results – Stock gets Hammered
Nov. 2, 2018 -- WW stock was tanking on Friday morning, down as much as 28%, as the company beat earnings expectations but missed what analysts were calling for on the revenue front. The total subscribers fell again, from 4.5 million in the 1st quarter to 4.2 million by the 3rd quarter. Revenue was strong for…
Read moreNutriSystem Reports 3rd Qtr. Results
Oct. 30, 2018 - Dawn Zier, President and CEO, stated, “I’m pleased we delivered year-over-year growth in the third quarter and adjusted EBITDA and earnings per share are aligned with expectations. South Beach growth remains strong and, most importantly, we see a clear path to return the Nutrisystem brand to growth in 2019.” Ms. Zier added, “During…
Read moreJenny Craig Seeks Buyer
Sept. 12, 2018 Word has it that Jenny Craig is seeking a buyer for its business, according to The Wall Street Journal. Sources indicate the company has hired investment bankers to help advise it on the process. The company has improved sales somewhat after being acquired in 2015 by private equity firm North Castle Partners.…
Read moreWeight Watchers’ Q2 Results Beat Estimates
Aug. 6, 2018 - Management reported that: "Our WW FreestyleTM program is resonating globally, driving continued strong performance in all of our major markets. We ended the second quarter with 4.5 million subscribers – an increase of 1 million compared to a year ago – as our momentum continued during our first global, summer marketing campaign," said Mindy…
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