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.
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.
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.
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.
A nationally-representative survey conducted for Medifast, the parent organization for direct selling company OPTAVIA, illustrated consumer health priorities and motivator findings.
Medifast, Inc., the parent company of direct selling company OPTAVIA, announced a quarterly cash dividend declared by the company’s Board of Directors. The cash dividend of $1.42 will be payable on August 6, 2021 to stockholders of record on June 22, 2021.
Medifast, Inc.’s financial results for the first quarter of 2021 report a 61% growth in active earning OPTAVIA coaches, a new record amount of 52,500, and a 90.9% increase in revenue, reaching $340.7 million. The company’s net income also increased 122% to $41.1 million.
Medifast, the company behind OPTAVIA®, reported revenue of $220.0 million for the second quarter ended June 30, 2020. Second quarter revenue increased 17.6% to $220.0 million from revenue of $187.1 million for the second quarter of 2019. OPTAVIA-branded products represented 83 percent of consumable units sold for the second quarter compared to 75 percent for the same period a year ago. […]
Medifast, Inc. announced that it has appointed James (Jim) Maloney as chief financial officer, effective today. In his role, Maloney will be responsible for leading the finance function, including all aspects of financial planning and analysis, setting Medifast’s financial and capital allocation strategies and managing investor relations. He will serve as a member of the […]
Nearly nine out of ten U.S. adults (88%) report experiencing stress during the pandemic, according to a survey conducted by Medifast. Additionally, 82 percent of those surveyed are concerned about at least one aspect of their physical or mental health, and one-fifth are struggling to make progress on their pre-pandemic health goals. Medifast, the company behind OPTAVIA®, surveyed […]
Direct selling stocks continue to outperform the Dow Jones Industrial Average (DJIA) amid the current pandemic environment*. Insights from investment banking and business development firm Transformation Capital show that both large-cap and small-cap direct selling stocks have continued to exceed financial expectations since early March, when the coronavirus began to have an economic impact on […]
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 […]