Medifast (MED) Misses Q4 EPS by 8c, Guidance Mixed

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Medifast, Inc. Announces Fourth Quarter and Fiscal Year 2014 Financial Results

March 12, 2015 4:05 PM EDT

OWINGS MILLS, Md., March 12, 2015 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today reported financial results for the fourth quarter and fiscal year ended December 31, 2014.

"In 2014 we took decisive action and set future strategic direction to better position our business for long-term profitability and growth," said Michael C. MacDonald, Medifast Chairman and Chief Executive Officer. "We are confident that the strategic actions we've undertaken... More