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 moreMedifast 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…
Read moreMedifast 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…
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…
Read moreNutriSystem 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…
Read moreGlanbia To Acquire Slim-Fast Brand by End of Year
October 2018 Global nutrition group Glanbia P.L.C. has reached an agreement to acquire SlimFast and its sister company HNS from Kainos Capital in a transaction valued at $350 million. SlimFast, based in Palm Beach Gardens, Fla., is a weight management and health and wellness brand whose products include ready-to-drink and ready-to-mix powder products as well…
Read moreChinese Joint Venture Explores Meal Replacements – Market Worth $750 Million
Nov. 21, 2018 China's leading one-stop healthcare ecosystem platform, Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor" ) today announced that it has entered into a strategic partnership with the Chinese Nutrition Society. Ping An Good Doctor will participate in the development of the first domestic "meal replacement food group standard" drafted by the…
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