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Nov. 5, 2021 WW International posted revenues of $293.5 million for the quarter ended September 2021, missing the Consensus Estimate by 7.64%. This compares to year-ago revenues of $320.7 million. The company has topped consensus revenue estimates just once over the last four quarters. According to CEO Mindy Grossman: “In the coming days, we will […]
WW Reports Q3 Results, Misses Earning and Sales Estimates Read More »
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
WW’s CEO Mindy Grossman To Step Down Read More »
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
Two New Medical Weight Loss Companies Read More »
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
Medifast Reports 2nd Quarter Results Read More »
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
Noom, Weight Loss App Company, Eyes Possible IPO Read More »
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
Medifast Reports Q1 2021 Results – On Track For $1.4 Billion In Sales Read More »
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,
WW Reports Q1 2021 Results Read More »
March 7, 2021 Marketdata’s research to update its study: “The U.S. Weight Loss & Diet Control Market” continues. One of the key chapters in this upcoming report tracks the meal replacements (powdered shakes, nutrition bars) and appetite suppressants market (retail and MLM non-prescription diet pills). Meal replacements have done well in 2020. Diet pills, not
Meal Replacements Do Well During The Pandemic Read More »
March 2, 2021 When one thinks about the giants of the U.S. weight loss market, people usually assume that most of the sales go to Weight Watchers, NutriSystem and Jenny Craig. With the exception of WW, they’d be wrong. Today, the MLM (multi-level marketing) companies capture a major share of sales of weight loss products
Multi-level Weight Loss Sales Are Huge Read More »
March 1, 2021 When looking at recent deals, it’s clear that private equity investment companies really like to invest in the weight loss space. And, they make some good profits on companies they purchase and flip to other buyers. Here are a few of the deals completed in recent years: Private equity fund HIG Capital
Private Equity Likes Weight Loss Investments Read More »