Medifast Announces First Quarter 2024 Financial Results

Mar 31, 2024 · Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA® , today reported results for the first …

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Medifast Reports $174.7 Million In Q1 2024 Revenue

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Apr 30, 2024 · Medifast, the parent company of OPTAVIA, announced its first quarter 2024 financial results, posting $174.7 million in total revenue, a 49.9% decline when compared to …

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Medifast Q1 2024 Revenue Down 49.9% To $175 Million

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Apr 30, 2024 · First quarter 2024 revenue decreased 49.9% to $174.7 million from $349.0 million for the first quarter of 2023, primarily driven by a decrease in the number of active earning …

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Medifast Announces First Quarter 2024 Financial Results - Yahoo …

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Apr 29, 2024 · First Quarter 2024 Results. First quarter 2024 revenue decreased 49.9% to $174.7 million from $349.0 million for the first quarter of 2023, primarily driven by a decrease in the …

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Medifast's (NYSE:MED) Q1 Earnings Results: Revenue In Line With ...

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Apr 29, 2024 · Wellness company Medifast (NYSE:MED) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 49.9% year on year to $174.7 million. On the …

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Medifast Announces First Quarter 2024 Financial Results

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Apr 29, 2024 · First quarter 2024 revenue decreased 49.9% to $174.7 million from $349.0 million for the first quarter of 2023, primarily driven by a decrease in the number of active earning …

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Medifast Announces First Quarter 2024 Financial Results

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Apr 29, 2024 · Medifast reported first quarter 2024 financial results with revenue of $174.7 million, net income of $8.3 million, and EPS of $0.76. The company highlighted a transformative …

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Medifast Reports Q1 2024 Results – Diet Business Watch

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Apr 29, 2024 · Medifast Reports Q1 2024 Results. By John LaRosa / April 29, 2024 . ... Revenue of $174.7 million, with revenue per active earning coach of $4,623. Independent active earning …

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Medifast Inc. Thrives Amidst Challenges: First Quarter Financial ...

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Apr 30, 2024 · During the first quarter of 2024, Medifast reported revenue of $174.7 million, with a revenue per active earning coach of $4,623. The company boasted a total of 37,800 …

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

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Apr 29, 2024 · Revenue: Reported at $174.7 million, beating estimates of $168.9 million. Net Income: Achieved $8.3 million, slightly below the estimated $8.55 million. Earnin. Company's …

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Medifast Q1 2024 Revenue Down 49.9% To $175 Million

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Apr 30, 2024 · First quarter 2024 revenue decreased 49.9% to $174.7 million from $349.0 million for the first quarter of 2023, primarily driven by a decrease in the number of active earning …

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Medifast Inc (MED) (Q1 2024) Earnings Call Transcript Highlights ...

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Apr 30, 2024 · Net Income: $8.3 million in Q1 2024, with earnings per share (EPS) of $0.76, compared to $40 million and $3.67 EPS in the prior year. Effective Tax Rate: Increased to …

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Direct Selling News On LinkedIn: Medifast Reports $174.7 Million …

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Medifast, Inc, the parent company of OPTAVIA, announced its first quarter 2024 financial results, posting $174.7 million in total revenue, a 49.9% decline when compared to the same quarter …

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Medifast (MED) Earnings Date And Reports 2025 - MarketBeat

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Medifast announced Q3 2024 earnings on November 4, 2024, reporting an EPS of $0.35, which topped the consensus estimate of -$0.15 by $0.50. Quarterly revenue was reported to be …

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Medifast Q1 2024 Revenue Down 49.9% To $175 Million

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Apr 30, 2024 · By Team Business For Home First quarter 2024 revenue decreased 49.9% to $174.7 million from $349.0 million for the first quarter of 2023, primarily driven by a decrease …

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FAQs about Medifast Announces First Quarter 2024 Financial Results Coupon?

How did Medifast (med) perform in the first quarter 2024?

On April 29, 2024, Medifast Inc ( NYSE:MED) disclosed its financial results for the first quarter ended March 31, 2024, through an 8-K filing. The company, a prominent player in the health and wellness sector known for its OPTAVIA brand, reported a significant year-over-year revenue decrease to $174.7 million from $349.0 million. ...

How did Medifast perform in Q1 cy2024?

Wellness company Medifast (NYSE:MED) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 49.9% year on year to $174.7 million. On the other hand, next quarter's revenue guidance of $160 million was less impressive, coming in 10.4% below analysts' estimates. ...

Is Medifast a bad company?

This is among the worst in the consumer staples industry, where demand is typically stable. This quarter, Medifast reported a rather uninspiring 49.9% year-on-year revenue decline to $174.7 million in revenue, in line with Wall Street's estimates. ...

How did Medifast perform in the first quarter?

The first quarter saw a stark decrease in active earning coaches to 37,800 from 58,700 year-over-year, with average revenue per coach also falling. Despite these downturns, Medifast achieved a gross profit margin increase to 72.8% from 70.6%, thanks to inventory management efficiencies and cost-saving initiatives. ...

Does Medifast make a profit?

It made a GAAP profit of $0.76 per share, down from its profit of $3.67 per share in the same quarter last year. Is now the time to buy Medifast? Find out in our full research report. “Fast paced medical innovation is providing greater access to medical weight loss solutions than ever before. ...

How much does medifasts cost?

A: Daniel Chard clarified that the $282 monthly fee includes Medifasts coaching and products, as well as LifeMD's services, but does not cover medication costs. He detailed that the split is approximately $217 for Medifasts offerings and $65 for LifeMD's services, requiring a six-month commitment. ...