News

Sept. 10, 2014 — The U.S. Food and Drug Administration today approved Contrave (naltrexone hydrochloride and bupropion hydrochloride extended-release tablets) as treatment option for chronic weight management in addition to a reduced-calorie diet and physical activity. The drug is approved for use in adults with a body mass index of 30 or greater (obesity) or […]

Aug. 7, 2014… For the second quarter ended June 30, 2014, Medifast net revenue decreased 17% to $80.9 million from net revenue of $97.1 million in the second quarter of 2013.  Revenue in the direct sales channel, Take Shape for Life, decreased 12% to $54.1 million in Q2 of 2014 compared to $61.4 million in

July 30, 2014: Weight Watchers reported its results for Q2 2014. Revenues of $397.5 million, down 15.6% versus the prior year period, with total paid weeks down 14.4% Cash flow provided by operating activities totaled $145.5 million year-to-date Earnings per fully diluted share (EPS) were $0.95 “While Q2 financial performance is down significantly year over

July 29, 2014: NutriSystem reported its results for Q2 2014 today. Revenue for the quarter was $111.1 million, an increase of 14% as compared to $97.5 million in the second quarter of 2013; Gross profit increased 14% versus prior year to $56.9 million. Dawn Zier, President and CEO, said, “We are pleased with our strong

June 17, 2014 – Under pressure from Congress, celebrity Dr. Mehmet Oz  offered to help “drain the swamp” of unscrupulous marketers using his name to peddle so-called miracle pills to millions of Americans desperate to lose weight.Dr. Oz appeared before the Senate’s consumer protection panel and was scolded by Chairman Claire McCaskill for claims he

June 2, 2014 — Medifast, Inc. announced today that a subsidiary has entered into an agreement to sell an additional 12 Medifast Weight Control Centers (Medical clinics) located in Northern Virginia and Southern Maryland to TRANSFORMU, a South Carolina-based LLC. The Centers will be operated as Medifast Weight Control Centers by TRANSFORMU. “We are excited

VIDEO TELESEMINARS May 13, 2014 – John LaRosa, MBA, the nation’s 25-year analyst of the U.S. weight loss market and author of 50 in-depth weight loss market studies, has just launched a new video channel of teleseminars covering various weight loss topics, as follows: Go here to access the channel hosted by Pivotshare: The seminars

May 5, 2014 – Medifast reported Q1 results, and revenues were down across the board, in all divisions. Despite this,m the company remains upbeat on upcoming new product launches, a continued transition from company-owned center to franchises, has $77 mill. cash & equivalents on hand, and no debt. For the first quarter ended March 31,

May 1, 2014 — The company reported results for the quarter ended March 31, 2014 that exceeded previous guidance. First Quarter 2014 Highlights Revenues of $122.2 million, an increase of 16% from revenues of $105.4 million in the first quarter of 2013, driven by growth in both the Direct and Retail channels; Gross Profit increased

April 30, 2014 — Weight Watchers reported Q1 results and raised its EPS estimate for the year.  Stock price up as much as 20% on May 1. First quarter 2014 results include: Revenues of $409.4 million, down 16.6% versus the prior year period, with total paid weeks down 13.9% Cash flow provided by operating activities