Medifast, Inc. reported revenue increased 42.8 percent for the third quarter ended September 30, 2020.
Third quarter revenue increased was $271.5 million compared to $190.1 million for the third quarter of 2019. OPTAVIA-branded products represented 83.0 percent of consumable units sold for the third quarter compared to 78.0 percent for the same period a year ago.
The total number of active earning OPTAVIA Coaches increased 30.7 percent to 42,100, compared to 32,200 for the third quarter of 2019. The average revenue per active earning OPTAVIA Coach was $6,329 compared to $5,715 for the third quarter last year
“Our business continues to go from strength to strength, with high levels of client demand and engagement among independent OPTAVIA Coaches, accelerated growth and record levels of active earning Coaches,” said Dan Chard, chief executive officer of Medifast. “Our programming efforts this year, along with enhancements to our organization, have given us a foundation for significant progress during the quarter. We continue to make investments to enhance our infrastructure to support our strong growth trajectory. We believe we are well positioned to capitalize on the ever-increasing focus on health and wellness across the United States and around the world.”
To read the full Medifast Q3 2020 report, click here.