diet centers

Medifast Reports Q4, Full Year Results, Becomes Largest Weight Loss Company by Sales

Feb. 24, 2022 It’s official now. Medifast, an MLM model company, has surpassed Weight Watchers as the world’s largest weight loss provider, with 2021 revenues of $1.5 billion. CEO Dan Chard said that: “With this engine powering our momentum, we have moved from $275 million in revenue prior to the launch of OPTAVIA and the …

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Weight Loss Market Pivots To Survive Covid-19: New Report, 2020 Forecasts

News / By John LaRosa

June 12, 2020 Marketdata has released a new 65-page study: Status of The U.S. Weight Loss Market: Effects of The Pandemic. This is a complete analysis and forecast of ALL major segments of the U.S. diet market. “The Covid-19 crisis has forced many weight loss businesses to accelerate their operations toward the virtual delivery of …

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Quick Weight Loss Centers Out of Business

News / By John LaRosa

April 30, 2020 it appears that Quick Weight Loss Centers, headquartered in Pompano Beach, FL, has gone out of business, a victim of the Covid-19 shutdowns and lost revenues. closing its 40 or so centers located in Florida and Texas. The company appears to be in the process of filing for Chapter 7 bankruptcy, as …

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WW Reports Q1 2020 Results

News / By John LaRosa

April 28, 2020 WW (Weight Watchers reported today that: Q1 2020 End of Period Subscribers up 9% year-over-year to 5.0 million, an all-time Q1-end high. Q1 2020 Revenues of $400 million, up 10%, or 11% on a constant currency basis, year-over-year. Launches Virtual Workshops globally, as a response to Studio closures, keeping the WW community …

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WW Adds Virtual Zoom Workshops During Crisis

News / By John LaRosa

April 8, 2020 In mid-March, WW International (Weight Watchers), decided to close its 3,000 physical locations but didn’t want to leave members to fend for themselves in these trying times. WW president and CEO Mindy Grossman said in an interview with USA TODAY that in a matter of days, the company took its 30,000 weekly workshops virtual …

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Jenny Craig Carries On Amid Virus

News / By John LaRosa

March 30, 2020 Many dieters are probably wondering what Jenny Craig is doing about the weekly in-person, in-center meetings between coaches and clients. At least in New Zealand, employees for Jenny Craig have been told their services will continue during the lockdown. Time will tell if this also applies to centers in the U.S. Mat …

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Time To Load Up on Weight Loss Stocks?

News / By John LaRosa

March 12, 2020 As the stock market get slammed again on Thursday, some weight loss public company stock valuations are looking mighty tempting, if you are a long-term value investor. Right now, blood is running in the streets, and that’s when market gurus such as Warren Buffet advise us to be greedy and buy. There …

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Prepare For Recession, NOW!

News / By John LaRosa

Feb. 28, 2020 All the signs of a perfect storm are coming together. The stock market has fallen nearly 3,000 points this week and is now in “correction” territory–Wall Street’s softer term for the crap is hitting the fan. A significant stock market decline is usually an advance indicator of an impending recession, based on …

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U.S. News Ranks The Best Diets

News / By John LaRosa

Jan. 2, 2020 U.S. News & World Report, the global authority in rankings and consumer advice, released its annual assessment of the year’s Best Diets. For the millions of Americans making health-related resolutions for the New Year, the Best Diets platform offers rankings, data and information on 35 diet plans to help people across the …

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Commercial Diet Companies: 2019 Review, 2020 Outlook

News / By John LaRosa

Dec. 30, 2019 Based on 3rd quarter 2019 guidance by each company, it’s looking like the top four weight loss companies will post a collective 3.6% sales increase for 2019 versus 2018, with revenues of $3.21 billion ($3.10 bill. in 2018). Adding in all the other smaller commercial franchises and chains, this segment of the …

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