Nov. 4, 2022 According to management: "We've seen faster than anticipated improvement in customer retention rates back to quarterly historical norms, as we focus on delivering a high quality experience for all customers," said Dan Chard, Chairman & Chief Executive Officer. "At the same time, the world is in a period of economic disruption right now,…
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Weight Watchers Reports Q3 Results
Nov. 4, 2022 WW reported its results for the 3rd quarter of 2022. Management said that: “We are encouraged by early indicators that our data-informed approach to product development – focused on our core pillars of community, accountability, and coaching – is starting to yield positive results,” said Sima Sistani, the Company’s CEO. “With nearly 60…
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New Bills To Ban Diet Pill Sales to Minors
Sept. 19, 2022 Lawmakers are seeking to limit the sale of diet pills and weight loss supplements to children with the introduction of new bills in California and New York. The bills in California and New York would prohibit retailers from selling dietary supplements for weight loss and over-the-counter diet pills to anyone under the…
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Found Finds $ For New Weight Loss Venture
Sept. 3, 2022 Found Health is a new weight loss company that claims to offer a science-backed solution for personalized, lasting weight care that addresses the missing link in the existing weight loss market: biology. Found is a direct-to-consumer healthcare company with a focus on supporting your weight loss journey holistically, based on the science of…
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WW Reports Q2 2022 Results
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…
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Medifast Reports Q2 Results, Stock Price Sinks
August 4, 2022 Medifast reported its Q2 2022 results. Management reported that: "We delivered another solid quarter at Medifast, with revenues up 15%, almost 15% growth in the number of active earning Coaches, and robust Coach productivity. The customized support of OPTAVIA Coaches remains a key differentiator for our business, and these results are a demonstration…
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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…
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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…
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