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Medifast Reports 90.9% Increase in Revenue for Q1 2021
Medifast Reports 90.9% Increase in Revenue for Q1 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.
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Medifast Reports Record Revenue for Q3 2019
Medifast Reports Record Revenue for 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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Medifast Partners with OPTAVIA Community to Promote Healthy Habit Creation
Medifast Partners with OPTAVIA Community to Promote Healthy Habit Creation
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/OPTAVIA Expands Executive Team to Support Asia-Pacific Expansion
Medifast/OPTAVIA Expands Executive Team to Support Asia-Pacific Expansion
Medifast/OPTAVIA recently expanded its executive team to support its intended Asia-Pacific expansion, including Hong Kong and Singapore, in 2019. Tony Tyree has been appointed chief marketing officer and Fran Lawler has been appointed chief human resources officer, adding to the company’s leadership team as it prepares for international expansion with its lifestyle brand and Coach community, OPTAVIA®. The appointments follow those of Nicholas Johnson, president […]
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Medifast Q3 Revenue Up 12.6%; OPTAVIA Up 17.5%
Medifast Q3 Revenue Up 12.6%; OPTAVIA Up 17.5%
Owings Mills, Maryland-based Medifast Inc., a provider of healthy living products and programs, has announced financial results for the third quarter ended September 30, 2017. Revenue increased 12.6 percent to $77.2 million from revenue of $68.6 million for the third quarter last year. “Our third quarter results reflect some early successes of our strategic growth […]
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