Medifast, the parent company of direct selling organization OPTAVIA, was included in FORTUNE Magazine’s list of the top 100 Fastest-Growing Companies. This is the third consecutive year that Medifast has received this recognition.
Medifast, Inc. announced its third quarter financial results, reporting revenue of $413.4 million, a 52.3% increase in revenue over the same quarter of 2020. Net income increased 21.9% to $42 million with earnings per diluted share of $3.56, an increase of 22.3%.
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.’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, Inc., parent company of OPTAVIA, conducted a survey of 1,426 U.S. adults to uncover the trends and nutritional priorities and challenges people are facing as the country reaches the one-year mark of pandemic life. The study found that 84% of adults are prioritizing healthy eating as much or more than last year and 89% […]
Medifast announced its fourth quarter and full-year results for 2020, citing a fourth quarter revenue increase of 55.3% over the same period from the previous year, and resulting in $264.9 million. Total revenue for 2020 represented a 31% increase, year-over-year, and $934.8 million. The number of active earning OPTAVIA Coaches during the fourth quarter rose […]
Medifast, on behalf of its health and wellness coaching program OPTAVIA, conducted a survey of 1,414 U.S. adults to discover the approach and adjustments Americans plan to make to their routines in 2021, and the habits they turned to in 2020. The results show that 63% of Americans have already implemented healthy routines since March, […]
Medifast Chief Executive Officer Dan Chard will now also serve as the company’s new executive chairman. Chard will replace former non-executive chairman Michael MacDonald, who spent more than twenty years with the company. Chard has helped lead the company with historic revenue levels since beginning his role as CEO in October 2016. Part of his […]
Medifast, Inc., the parent company of OPTAVIA, announced that its Board of Directors has declared a $1.13 quarterly cash dividend to its stockholders. This dividend will be payable on February 5, 2021. “Medifast’s growth this year has been strong given the uncertain economic conditions driven by the COVID-19 pandemic,” says Dan Chard, Medifast Chief Executive […]