Medifast, Inc. announced its third quarter financial results, reporting revenue of $413.4 million, a 52.3% increase in revenue over the same quarter of 2020. Net income increased 21.9% to $42 million with earnings per diluted share of $3.56, an increase of 22.3%.
Operating income and net income both increased from the previous quarter, bringing in $479,000 and $471,000 respectively. Active member totals dipped to 45,950, a 14% decline from the third quarter of 2020.
Nu Skin Enterprises, Inc. announced its third quarter financial results, reporting earnings per share (EPS) of $0.97 and revenue of $641.2 million. These results are a decrease from the third quarter of 2020, which saw revenue of $703.3 million and an EPS of $1.08.
eXp World Holdings, Inc., the parent company of eXp Realty, announced record revenue of $1.1 billion for the third quarter, a 97% increase over the previous year’s quarter. Gross profit for the company also increased (70%) to $79.5 million.
Almost all regions saw a decrease in net sales, excluding South America, which the company attributes recruitment efforts and improvements made to onboarding and training for the region’s 6% increase in net sales ($69.6 million).
The company attributes its decline in sales to a challenging year-over-year comparison, but points to an actual net sales growth of 15% when compared to the third quarter of 2019.