Aug. 5, 2015 – Medifast posted revenue of $72.2 million in the period. For the current quarter ending in October, Medifast said it expects revenue in the range of $65 million to $68 million. The company expects full-year earnings to be $1.70 to $1.80 per share, with revenue ranging from $270 million to $280 million.
Revenue in the direct sales channel, Take Shape for Life, decreased 3% to $52.3 million in Q2 2015 compared to $54.0 million in the same period last year, a sequential improvement in the quarterly rate of decline compared to the same period last year. The total number of active earning Health Coaches in Q2 was 11,800 as compared to 12,400 in Q2 2014. The average revenue per active earning Health Coach for the quarter was $4,423 as compared to $4,347 in second quarter of 2014.
The company’s Medifast Direct channel revenue decreased 10% to $13.7 million, compared to $15.2 million in Q2 2014. This marks the fourth consecutive quarterly improvement in the rate of decline. Revenue in the Franchise Medifast Weight Control Centers channel increased 22% to $4.7 million from $3.8 million in the second quarter of last year. There were 62 franchise centers in operation at the end of second quarter 2015 compared to 73 centers at the end of the same period last year.
The company’s gross profit as a percentage of net revenue decreased to 73.7% from 74.4% in the second quarter of 2014.
See the complete press release and financial tables here: