weight loss programs

NutriSystem 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 […]

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Commercial Weight Loss Centers On Pace For 18% Sales Gain In 2018

News / John LaRosa

Dec. 4, 2018 Based on individual public company-provided guidance for expected full-year revenues, as of the end of the 3rd quarter of 2018, Marketdata estimates that commercial weight loss companies will post a strong 18% sales gain this year. The industry has not seen a sales gain this large in a long time. This segment

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Glanbia To Acquire Slim-Fast Brand by End of Year

News / John LaRosa

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

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Chinese Joint Venture Explores Meal Replacements – Market Worth $750 Million

News / John LaRosa

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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Medifast Reports Q3 Results – Stock Gets Crushed

News / John LaRosa

Nov. 7, 2018 — 3rd Quarter 2018 Highlights: Revenue of $139.2 million, an increase of 80.3% year-over-year Active earning Coaches of 22,600, an increase of 59.2% year-over-year Net income of $13.8 million, an increase of 106.1% year-over-year Earnings per diluted share (“EPS”) of $1.14, an increase of 107.3% year-over-year Dan Chard, Medifast’s CEO, said: …”We are

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Weight Watchers Q3 Results – Stock gets Hammered

News / John LaRosa

Nov. 2, 2018 — WW stock was tanking on Friday morning, down as much as 28%, as the company beat earnings expectations but missed what analysts were calling for on the revenue front. The total subscribers fell again, from 4.5 million in the 1st quarter to 4.2 million by the 3rd quarter. Revenue was strong for

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NutriSystem Reports 3rd Qtr. Results

News / John LaRosa

Oct. 30, 2018 – Dawn Zier, President and CEO, stated, “I’m pleased we delivered year-over-year growth in the third quarter and adjusted EBITDA and earnings per share are aligned with expectations. South Beach growth remains strong and, most importantly, we see a clear path to return the Nutrisystem brand to growth in 2019.” Ms. Zier added, “During

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Jenny Craig Seeks Buyer

News / John LaRosa

Sept. 12, 2018 Word has it that Jenny Craig is seeking a buyer for its business, according to The Wall Street Journal. Sources indicate the company has hired investment bankers to help advise it on the process. The company has improved sales somewhat after being acquired in 2015 by private equity firm North Castle Partners.

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Weight Watchers’ Q2 Results Beat Estimates

News / John LaRosa

Aug. 6, 2018 – Management reported that: “Our WW FreestyleTM program is resonating globally, driving continued strong performance in all of our major markets. We ended the second quarter with 4.5 million subscribers – an increase of 1 million compared to a year ago – as our momentum continued during our first global, summer marketing campaign,” said Mindy

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NutriSystem Reports Q3 Results

News / John LaRosa

NutriSystem Report Q3 Earnings Nov. 3, 2014 — NutriSystem today reported its 3rd quarter results. Main results were that: Revenue was $90.6 million up from $85.4 million in the third quarter of 2013; Adjusted gross profit margin improved 130 basis points to 51.4% and adjusted gross profit increased 9% versus prior year to $46.5 million.

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