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Friday / May 27. 2022
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Medifast Prepares for Growth with New Research and Development Center 
Medifast Prepares for Growth with New Research and Development Center 
Medifast announced the opening of the Medifast Product Innovation Center, a new research and development hub that has been designed to support innovation as the company focuses on expansion.
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Medifast Reports 22% Revenue Increase in Q1 2022 
Medifast Reports 22% Revenue Increase in Q1 2022 
Medifast, the global parent company for direct selling brand OPTAVIA, announced increases across the board for the first quarter of 2022, when compared to the same period last year. Revenue for the company increased 22.6%, reaching $417.6 million, while net income grew 1.7%, to $41.8 million. The number of active OPTAVIA Coaches saw 21.7% growth, […]
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The Making of a Billion Dollar Company
The Making of a Billion Dollar Company
Common Practices. Managerial Courage. Calculated Risk. If a founder’s belief in a hero product starts a company on its journey toward the billion-dollar mark, then it’s stellar decision-making and a determined field that can propel them into momentum and triple digit multimillion-dollar status. But scaling to a billion or more? What does it take to get […]
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Medifast Announces 63% Increase in Revenue in 2021
Medifast Announces 63% Increase in Revenue in 2021
Medifast, Inc., the parent company for direct selling health and wellness subsidiary OPTAVIA, reported annual revenue of $1.526 billion in 2021, a 63.2% increase over the previous year. Net income also saw enormous gains of 59.5% to equal $164 million. EPS for the year was $13.89, a 60% increase over 2020 levels.  The fourth quarter […]
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Medifast Honored by FORTUNE Magazine as one of the Fastest-Growing Companies of 2021
Medifast Honored by FORTUNE Magazine as one of the Fastest-Growing Companies of 2021
Medifast, the parent company of direct selling organization OPTAVIA, was included in FORTUNE Magazine’s list of the top 100 Fastest-Growing Companies. This is the third consecutive year that Medifast has received this recognition.
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Medifast Declares Quarterly Cash Dividend of $1.42
Medifast Declares Quarterly Cash Dividend of $1.42
Medifast, Inc., the parent company of direct selling organization OPTAVIA, announced that its Board of Directors has declared a $1.42 quarterly cash dividend. This dividend will be payable on February 8, 2022 to stockholders of record on December 21, 2021. 
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Medifast Q3 Revenue Increases 52% to $413 Million
Medifast Q3 Revenue Increases 52% to $413 Million
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%. 
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Medifast Declares $1.42 Quarterly Cash Dividend
Medifast Declares $1.42 Quarterly Cash Dividend
Medifast, Inc., parent company of direct selling company OPTAVIA, announced the declaration of a quarterly cash dividend of $1.42, payable on November 8, 2021 to stockholders of record as of the close of business on September 21, 2021.
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Medifast Launches OPTAVIA App as Part of New Focus on Digital Experience
Medifast Launches OPTAVIA App as Part of New Focus on Digital Experience
With this digital tool, clients will have access to their order history, autoship details, account information, Lean & Green recipes and more. The app, which launched late last month, has been downloaded almost 150,000 times.
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Medifast Reports a 79% Increase in Second Quarter Revenue
Medifast Reports a 79% Increase in Second Quarter Revenue
Medifast, Inc., the global parent company of direct selling organization OPTAVIA, released its second quarter financial results, showing a 79.2% increase in revenue during the quarter, totaling $394.2 million. Active earning OPTAVIA Coaches also grew (62.2%) to a record level of 59,200.
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OPTAVIA Global Convention Raises $100,000 for Nonprofit Partners
OPTAVIA Global Convention Raises $100,000 for Nonprofit Partners
As part of the convention and through onsite donation opportunities, the OPTAVIA Community raised over $100,000 for nonprofits which advance the company’s mission of providing children with education and access to resources that support healthy habits.
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Medifast Survey Reveals Majority of U.S. Adults Set Health Goals
Medifast Survey Reveals Majority of U.S. Adults Set Health Goals
A nationally-representative survey conducted for Medifast, the parent organization for direct selling company OPTAVIA, illustrated consumer health priorities and motivator findings.
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