Tivity Health, Inc. (TVTY) Tops Q2 EPS by 12c

Tivity Health, Inc. (NASDAQ: TVTY) reported Q2 EPS of $0.48, $0.12 better than the analyst estimate of $0.36. Revenue for the quarter came in at $120.1 million versus the consensus estimate of $111.02 million.

Richard Ashworth, President and Chief Executive Officer, commented, "Our second quarter performance was characterized by stronger than expected growth in both our SilverSneakers and Prime Fitness businesses. SilverSneakers in-person visits showed solid sequential growth as members return to the gym and our virtual channel continues to attract new members. We also successfully completed the implementation of our new omnichannel marketing platform, which we believe will help drive higher engagement from our members across an expanded set of offerings." Ashworth continued, "During the current renewal season, we have renewed two top-five health plan clients. UnitedHealth Group has recently notified us that it will reduce its group business beginning in 2022. Despite this, we believe the momentum from our members returning to the gym, our penetration of SilverSneakers into new markets with existing clients, new client wins and our focus on a broader set of engagement tools with our members will lead to revenue and Adjusted EBITDA growth in 2022."

For earnings history and earnings-related data on Tivity Health, Inc. (TVTY) click here.

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