Nov. 5, 2021 Medifast continued its momentum into the 3rd quarter and is poised to reach 2021 yearly sales of $1.5 billion, topping even Weight Watchers revenue to take over the lead for the first time. This is truly a remarkable feat, in light of the fact that Medifast has never run a national TV…
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Medifast Reports 2nd Quarter Results
August 6, 2021 Medifast reported its results for Q2 2021 on August 4. "This has been another outstanding quarter for Medifast, driven in large part by our success in driving growth in independent OPTAVIA Coaches to new highs, and empowering those Coaches to be more productive than ever before." said Dan Chard, Chairman & Chief Executive Officer…
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Marketdata Publishes New Weight Loss Report: Findings
March 18, 2021 Marketdata LLC, has just released the new 16th edition of its best-selling report: "The U.S. Weight Loss & Diet Control Market". This is a 438-page analysis of ALL segments of the market -- commercial chains, medical programs, diet foods, soft drinks, meal replacements, diet books, Rx diet drugs, bariatric surgeries, the health…
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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…
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Medifast Reports Q3 Results
Nov. 8, 2019 "Our focus on long-term, sustainable growth at Medifast continued during the third quarter as we achieved record revenues, rapid year over year growth in the number of active earning coaches and solid growth in gross profits and net income," said Dan Chard, Chief Executive Officer of Medifast." Chard continued, "Growth at the rapid…
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Medifast Flies Under the Radar, Pulls Off A Coup
July 19, 2019. Somehow, quietly, Medifast, with its MLM model and Optavia product line, is poised to become the second largest weight loss company by revenues. If, as expected, it posts revenues of $700 million this year, it will outsell NutiSystem (projected flat sales of $692 million), Herbalife, and Jenny Craig. How did it do…
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Medifast 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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NutriSystem Acquired by Tivity Health – Then There Were Three
Dec. 10, 2018 Tivity Health, a leading provider of fitness and health improvement programs, and Nutrisystem, Inc. today announced that they have entered into a definitive agreement under which Tivity Health will acquire all of the outstanding shares of Nutrisystem for a combination of cash and stock. Under the terms of the agreement, Nutrisystem shareholders…
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