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…
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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…
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WW Launches New Personal Points Program
Nov. 7, 2021 This is the first time in the company's history where no two plans are alike. Upon sign-up, members complete the new PersonalPoints Engine, WW's proprietary assessment that merges a member's food and activity preferences with WW's nutritional algorithm to generate an individualized weight loss and wellness plan. Each member has a unique…
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WW Reports 2nd Qtr. 2021 Results
Aug. 9, 2021 According to CEO Mindy Grossman: “We ended the quarter with 4.9 million subscribers, including 4.1 million Digital subscribers -- an all-time second quarter-end high and up 6% year-over-year, but below our expectations. The strong Digital year-over-year growth momentum in Q1 slowed in the second quarter as we cycled against strong Digital performance…
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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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Noom, Weight Loss App Company, Eyes Possible IPO
May 19, 2021 Noom Inc., a popular app targeted to help weight loss, is said to have obtained funding from the private equity firm Silver Lake ahead of a potential IPO. Noom is said to be worth $4 billion in its latest funding round, according to a Bloomberg report yesterday. The company, which hopes to be…
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Medifast Reports Q1 2021 Results – On Track For $1.4 Billion In Sales
May 6, 2021 Medifast reported results for the first quarter ended March 31, 2021. "This has been an exceptional quarter of growth and productivity, reflecting the outstanding abilities of both our independent OPTAVIA Coaches and our employees," said Dan Chard, Chairman and Chief Executive Officer of Medifast. "We now have a record 52,500 OPTAVIA Coaches who are achieving new…
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WW Reports Q1 2021 Results
May 6, 2021 Weight Watchers reported its 1st quarter performance yesterday. "...WW had a strong start to the year, ending Q1 with 5.0 million subscribers, record Digital subscribers, and member retention remaining at an all-time high of over 10 months,” said Mindy Grossman, the Company’s President and CEO. "...Our continued digital transformation to a personalized,…
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