August 5, 2022 WW (Weight Watchers) today reported its 2nd quarter 2022 results. According to management, Sima Sistani, the Company’s CEO... “2022 will be a transition year while we execute on a number of initiatives to simplify the business and build a foundation for profitable growth.” Amy O’Keefe, the Company’s CFO, said, “The actions that…
Read more
WW Reports 1st Quarter 2022 Results
May 6, 2022 WW reported its results for the first quarter of 2022. Amy O’Keefe, the company’s CFO, said, “We delivered EPS ahead of our guidance range for Q1, primarily due to lower marketing spend in our international markets, strong gross margin, and cost management. We have taken significant and decisive action to reset the…
Read more
Medifast Reports 1st Quarter 2022 Results
May 2, 2022 "Record quarterly revenues, sharp acceleration in coach metrics and an increase in our annual financial guidance are powerful indications of the underlying strength of our business. We have record numbers of independent active earning OPTAVIA Coaches, helping us drive robust product demand and rapidly increasing digital engagement, and bolstering OPTAVIA to the #1 revenue…
Read more
WW Reports Q4 and Year 2021 Results, Hires New CEO, Loses Rank as Largest Diet Company
March 2, 2022 Weight Watchers reported its 2021 revenues, and it's official -- Medifast is now the largest worldwide weight loss provider, by sales, with $1.5 billion, topping WW revenues of $1.2 billion for the first time. This is significant, and highlights the slippage in WW dominance of this market for decades. WW has been…
Read more
Jenny Craig’s New “Max Up” Program
Dec. 30, 2021 Jenny Craig has come out with it's new program for 2022, called Max Up. The company claims that: "...While on the Max Up program, participants can lose up to 18 pounds* and 5 inches** off their waist size in the first four weeks. For the first time, Max Up participants complete a new digital…
Read more
Americans Add Weight During Pandemic, Noom Prospers
Dec. 13, 2021 As reported in a recent INC. magazine article, a survey by the American Psychological Association found that some 42 percent of U.S. adults gained unwanted weight in the first year of the pandemic. This helps explain the boom year Noom had for its weight-loss service in 2020, with sales estimated at more…
Read more
WW’s CEO Mindy Grossman To Step Down
Oct. 2, 2021 WW International, Inc. (WW) announced that Mindy Grossman, President and CEO, who has led the brand's transformation since 2017, has decided to step down as President and CEO after the first quarter of 2022. Ms. Grossman will continue to lead the company until that time and will work with the Board of Directors…
Read more
Two New Medical Weight Loss Companies
Sept. 2, 2021 We just discovered two new medical weight loss companies: Options and Calibrate. Options has brick & mortar sites, while Calibrate is a virtual program. Apparently, there's a lot of venture capital money out there looking for start-ups, and the weight loss space is enticing. Calibrate claims to have raised $127 million from…
Read more