Medifast, Inc. announced that Timothy G. Robinson, chief financial officer, will be stepping down from his position at the company on March 31, 2020. Medifast Chief Executive Officer Dan Chard and the Board of Directors have retained a leading international executive search firm to help the company identify and appoint a long-term successor to Robinson. Joseph Kelleman has…

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Medifast (NYSE: MED) yesterday reported revenue increased 17 percent in the fourth quarter and 42.4 percent for the full year ended December 31, 2019. Fourth quarter revenue increased to $170.6 million from revenue of $145.8 million for the fourth quarter of 2018. OPTAVIA-branded products represented 79 percent of consumable units sold for the fourth quarter compared…

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Medifast announced it will ring The Opening Bell® at the New York Stock Exchange (NYSE) on March 2, 2020, in celebration of its strong 2019. To honor the occasion, Medifast Chief Executive Officer Dan Chard will be joined by Mike MacDonald, chairman of the Board, Dr. Wayne Scott Andersen, co-founder of OPTAVIA and Independent OPTAVIA Coach, members of the executive team and other…

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Medifast Q1 2019

Medifast, the company behind, OPTAVIA, was recently featured on Tamron Hall. Independent OPTAVIA Coach couple Christina and Jorge Gutierrez shared their story with Tamron and her 1.3 million viewers in New York City. The Gutierrez’s started with OPTAVIA in 2018 after a tumultuous year. In November 2017, the couple’s daughter was diagnosed with autism, which naturally triggered a period of marital stress. Coupled…

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Medifast Opens in Singapore

Medifast, the company behind OPTAVIA, announced its official opening in Singapore. To celebrate, the company hosted several events starting on December 6, including a ribbon-cutting ceremony and a public event at the Kallang Wave Mall. “Expanding the OPTAVIA movement to Singapore enables us to bring our revolutionary approach to health and wellness to those in…

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Best in Biz Awards

Medical Marijuana subsidiary Kannaway, Medifast and USANA Health Sciences recently won Best in Biz Awards. Since 2011, the Best in Biz Awards has maintained its status as the only independent business awards program judged by prominent reporters and editors from top-tier publications from North America and around the world, from The Associated Press to The Wall Street Journal. Entrants have…

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Medifast Q3 2019

Medifast, Inc. (NYSE: MED) reported record revenue of $190.1 million for the third quarter ended September 30, 2019. Revenue was up 36.5 percent from $139.2 million for the third quarter of 2018. The total number of active earning OPTAVIA Coaches increased to 32,200, compared to 22,600 for the third quarter of 2018, a 42.5 percent increase. “Our focus on long-term, sustainable…

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Greninger

Medifast today announced it has named Claudia Greninger as executive vice president of Human Resources. Greninger is tasked with developing the company’s global talent management strategy, which encompasses recruitment, succession planning and employee development and retention. She will use Medifast’s core values of accountability, integrity, courage, teaming, empowerment, partnership and diversity to drive her efforts. “We are thrilled…

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Medifast held its first Healthy Habits For All Week, a week of service dedicated to advancing its mission of offering the world Lifelong Transformation, One Healthy Habit at a Time®. The company partnered with its OPTAVIA Community of more than 30,000 independent OPTAVIA Coaches with the goal of promoting healthy habit creation in local communities. From Monday, September 9 through Sunday,…

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Medifast Q2

Medifast, Inc. (NYSE: MED) yesterday reported record revenue million for the second quarter ended June 30, 2019. Second quarter revenue increased 59.5 percent to $187.1 million from revenue of $117.3 million for the second quarter of 2018. OPTAVIA-branded products represented 75 percent of consumable units sold for the second quarter compared to 64 percent for the same period a year ago. The total…

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