News

Nov. 7, 2013… Nestle will divest Jenny Craig in North America, Australia and New Zealand, the Swiss company said today in a statement. The company was sold to a private equity firm, North castle partners, Greenwich, CT. The price was probably less than the approximately $600 million Nestle paid in 2006, analysts at Natixis and […]

Oct. 31, 2013..According to Michael C. MacDonald, Medifast’s Chairman and CEO: “The consumer environment proved challenging for us in the quarter, and while we believe this will continue to impact our revenue in the fourth quarter, we anticipate full year revenue growth for 2013.  Our team is optimistic we will return to stronger revenue growth

Oct. 31, 2013…A New York City trial judge has certified a class of 751 current and former Jenny Craig workers who claim the company changed their time cards to show that they had taken 30-minute meal breaks when, in fact, they were pushed to work through the pause. This, the complaint claims, was a policy

On Oct. 31, 2013, the company reported Q3 revenues of $393.9 million, down 8.5% on a constant currency basis versus the prior year period. “While progress on cost cutting has allowed us to exceed our Q3 profit expectations, we expect Q4 revenues to be down low double digits given our continuing negative recruitment trends,” commented

Dawn Zier, President and CEO, said, “We are pleased with the continued progress of our turnaround. The year-over-year growth in acquisition revenues and customer starts across all channels for the quarter is a strong sign that our strategy is beginning to take hold. The sophisticated segmentation and targeting methodologies implemented over the past year not

In late October, Medifast informed its affiliate program partners that they will not be paid any commissions on sales for the balance of the year. Their statement was: “Due to significant budget cutbacks, Medifast is having to drastically reduce spend, particularly in the affiliate channel for the remainder of 2013. Effective immediately, you have been

Rarely do we obtain good information about weight loss competitors in other countries. Naturhouse is one example. Their original concept was born in Spain where it boomed in 2000. It was introduced in France back in 2006. Since then it became the #1 Diet system in the country. Today there are 400 weight loss centers

According to the popular stock advisory service The Motley Fool, Qsymia’s sales have been minuscule since its launch in Sept. 2012. VIVUS’ revenue from the drug in Q2 2013 was $5.5 million compared to $4.1 million in Q1 2013. At the same time, the company has reported a net loss of $55.5 million, which is

Activist hedge fund Clinton Group discloses an expanded 5.3% stake (1.48M shares) stake in Nutrisystem. In conjunction, the fund sent a letter to CEO Dawn Zier, lauding the company on its CEO change (which Clinton had agitated for) and urging the company to increase the dividend (current yield of 4.9%) as cash flow improves. Clinton

HealthyWage (healthywage.com), the purveyor of financial incentive-based weight loss programs for individuals and businesses, revealed that Weight Watchers® members who are complementing, “turbo charging” and cost supplementing their diet program endeavors with HealthyWage’s varied weight loss wagering programs are profiting at a staggering level and pace, having collectively won more than $200,000 in the last