Medifast, Inc. Announces Second Quarter 2019 Results

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Go back to Medifast, Inc. Announces Second Quarter 2019 Results

Medifast (MED) Tops Q2 EPS by 3c, Revenues Beat; Raises FY19 EPS/Revenue Guidance

August 1, 2019 5:51 PM EDT

Medifast (NYSE: MED) reported Q2 EPS of $1.75, $0.03 better than the analyst estimate of $1.72. Revenue for the quarter came in at $187.1 million versus the consensus estimate of $182.26 million.

Record revenue up 59.5% to $187.1 millionNet income up 51.3% to $21.4 million55.3% growth in active earning OPTAVIA Coaches to 30,600Earnings per diluted share ("EPS") of $1.75, an increase of 50.9%

"These record results are another demonstration of Medifast's continued commitment to delivering sustainable growth through our mission to offer the... More