Medifast (OPTAVIA) Q2 Revenue Down 43,1% To $169 Million

Aug 14, 2024 · Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the second quarter ended June 30, 2024. Revenue of $168.6 million, with revenue per active earning …

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Medifast (OPTAVIA) Q2 Revenue Down 43,1% To $169 Million

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Medifast Inc (MED) Q2 2024 Earnings Call Transcript Highlights ...

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Oct 9, 2024 · Average Revenue per Active Earning OPTAVIA Coach: $4,972, a decline of 10.9% year-over-year. Cash, Cash Equivalents, and Investments: $163.5 million, up from $150 …

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Medifast Reports Q2 2024 Revenue - Direct Selling News

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Aug 6, 2024 · Medifast, the parent company of direct selling organization OPTAVIA, announced its financial results for the second quarter of 2024, posting $168.6 million in revenue, a 43.1% …

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Medifast (MED) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

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Aug 6, 2024 · Medifast's (MED) Q2 results highlight the challenges of poor customer acquisition. ... The average revenue per active earning OPTAVIA Coach was $4,972, down 10.9% year …

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Medifast's (MED) Q2 Earnings Top Estimates, Sales Decline Y/Y

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Aug 8, 2023 · The average revenue per active earning OPTAVIA Coach stood at $5,578, down 16.3% from $6,667 million, thanks to persistent pressure on customer acquisition. This was …

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Ang Medifast (OPTAVIA) Q2 Na Kita Ay Bumaba Ng 43,1

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1.6 Million Mga bisita buwan-buwan 650,000 + ... Ang Medifast (OPTAVIA) Q2 na Kita ay Bumaba ng 43,1% Hanggang $169 Milyon. Agosto 14, 2024; ... Pagkalugi sa bawat diluted …

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Medifast Announces 15% Boost In Q2 Revenue - Direct Selling News

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Aug 5, 2022 · Medifast, the parent company of direct selling organization OPTAVIA, reported 15% revenue growth during the second quarter of 2022, totaling $453.3 million.Gross profit …

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Medifast Reports Q2 2023 Revenue Of $296.2 Million

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Aug 8, 2023 · Total number of active earning OPTAVIA Coaches decreased 21.9% to 53,100, down from 68,000 in the second quarter of 2022. Gross profit was down 34.5% to $210.7 …

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Medifast (Optavia) Revenue 2023 Down 32.9% To $1.1 Billion

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Feb 22, 2024 · Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA, today reported results for the fourth …

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Medifast Faces Revenue Decline Amid Strategic Adjustments

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Nov 5, 2024 · In its third quarter of 2024, Medifast reported significant declines in revenue and profitability, with revenue dropping to $140.2 million, a 40.6% decrease from the prior year, …

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Medifast Reports $174.7 Million In Q1 2024 Revenue

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Apr 30, 2024 · Average revenue per active earning OPTAVIA Coach was $4,623, down from $5,945 last year’s quarter. In tandem, gross profit declined 48.3% year over year to $127.3 …

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Medifast (Optavia) Q2 2021 Revenue Up 79,2% To $394 Million

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Aug 5, 2021 · Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, today reported results for the second quarter …

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Medifast Inc (MED) Q1 2024 Earnings: Revenue Declines Amid …

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Apr 29, 2024 · Revenue: Reported at $174.7 million, falling short of estimates of $168.9 million. Net Income: Achieved $8.3 million, slightly below the estimated $8.55 million. Earnings Per …

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Medifast (MED) Gains On OPTAVIA Strength, SG&A Costs Rise

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Dec 24, 2021 · Medifast has been seeing high SG&A expenses for a while now due to higher OPTAVIA commission costs. In the third quarter of 2021, SG&A expenses escalated 57.9% …

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Medifast (MED) Q4 Earnings Beat, Strength In OPTAVIA Key Driver

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Feb 24, 2022 · Medifast posted earnings of $2.91 per share, which surpassed the Zacks Consensus Estimate of $2.67 and increased 23.3% on a year-over-year basis. ... Net …

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Medifast Reports 2023 Revenue Of $1.1 Billion - Direct Selling News

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Feb 22, 2024 · Medifast announced its fourth quarter and full year 2023 financial results, including fourth quarter revenue of $191 million and net income of $6 million. Earnings per diluted share …

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Medifast (Optavia) Q1 Revenue Up 91% To $341 Million

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May 5, 2021 · Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, today reported results for the first quarter …

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FAQs about Medifast (OPTAVIA) Q2 Revenue Down 43,1% To $169 Million Coupon?

Why did OPTAVIA's net revenues decline?

Net revenues of $168.9 million declined 43.1% year over year mainly due to lesser active earning OPTAVIA Coaches and reduced productivity per Coach. The average revenue per active earning OPTAVIA Coach was $4,972, down 10.9% year over year from $5,578 million due to lower customer acquisition. ...

How did Medifast (med) perform in Q4 2021?

Medifast, Inc. MED delivered splendid fourth-quarter 2021 results, with the top and the bottom line beating the Zacks Consensus Estimate. Net revenues and earnings increased year over year. Strength in OPTAVIA remained a key driver with the average revenue per active earn Medifast (MED) Q4 Earnings Beat, Strength in OPTAVIA Key Driver | Nasdaq ...

What is Medifast OPTAVIA ®?

Medifast is the health and wellness company known for its habit-based and coach-guided lifestyle solution OPTAVIA®, which provides people with a simple yet comprehensive approach to address obesity and support a healthy lifestyle Choose an option Alt text (alternative text) helps when people can’t see the image or when it doesn’t load. ...

How did Medifast perform in the second quarter?

Medifast’s adjusted earnings were 92 cents per share in the second quarter, down from $2.77 in the year-ago quarter. The metric surpassed the Zacks Consensus Estimate of earnings of 36 cents per share. Net revenues of $168.9 million declined 43.1% year over year mainly due to lesser active earning OPTAVIA Coaches and reduced productivity per Coach. ...

Can I return a Medifast OPTAVIA product?

You can return any Optavia product within 30 days of purchase for 100% of your money back, minus the shipping and handling costs. However, you will need a Return Authorization Number, which requires contacting Optavia’s customer service line. What are the most common Medifast Optavia complaints? ...

Is there a lawsuit against OPTAVIA or Medifast?

In the past, Optavia and its parent company, Medifast, have settled a lawsuit over claims regarding their weight loss products. In April 2022, they were hit with a consumer class action alleging that the company enrolls customers in an automatic renewal plan without their consent, according to law firm Dovel & Luner. ...