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Monday / January 29. 2024
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Medifast Honored by FORTUNE Magazine as one of the Fastest-Growing Companies of 2021
Medifast Honored by FORTUNE Magazine as one of the Fastest-Growing Companies of 2021
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.
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Medifast Declares Quarterly Cash Dividend of $1.42
Medifast Declares Quarterly Cash Dividend of $1.42
Medifast, Inc., the parent company of direct selling organization OPTAVIA, announced that its Board of Directors has declared a $1.42 quarterly cash dividend. This dividend will be payable on February 8, 2022 to stockholders of record on December 21, 2021. 
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Medifast Q3 Revenue Increases 52% to $413 Million
Medifast Q3 Revenue Increases 52% to $413 Million
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%. 
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Medifast Declares $1.42 Quarterly Cash Dividend
Medifast Declares $1.42 Quarterly Cash Dividend
Medifast, Inc., parent company of direct selling company OPTAVIA, announced the declaration of a quarterly cash dividend of $1.42, payable on November 8, 2021 to stockholders of record as of the close of business on September 21, 2021.
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Medifast Launches OPTAVIA App as Part of New Focus on Digital Experience
Medifast Launches OPTAVIA App as Part of New Focus on Digital Experience
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.
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Medifast Reports a 79% Increase in Second Quarter Revenue
Medifast Reports a 79% Increase in Second Quarter Revenue
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.
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OPTAVIA Global Convention Raises $100,000 for Nonprofit Partners
OPTAVIA Global Convention Raises $100,000 for Nonprofit Partners
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.
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Medifast Survey Reveals Majority of U.S. Adults Set Health Goals
Medifast Survey Reveals Majority of U.S. Adults Set Health Goals
A nationally-representative survey conducted for Medifast, the parent organization for direct selling company OPTAVIA, illustrated consumer health priorities and motivator findings.
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Medifast, Inc. Declares Quarterly Cash Dividend
Medifast, Inc. Declares Quarterly Cash Dividend
Medifast, Inc., the parent company of direct selling company OPTAVIA, announced a quarterly cash dividend declared by the company’s Board of Directors. The cash dividend of $1.42 will be payable on August 6, 2021 to stockholders of record on June 22, 2021.
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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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FEBRUARY DIRECT SELLING MOMENTUM INDEX
FEBRUARY DIRECT SELLING MOMENTUM INDEX
DSN in partnership with Transformation Capital  released the February Digital Momentum Index. Exiting the holidays, the full 100-company list saw increases in average monthly fan/follow growth and engagement across both platforms (Facebook and Instagram). Additionally, February saw an average increase in web traffic. January’s publication received significant international attention, and we are very excited to […]
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Medifast Revenue Up 17% in Q2
Medifast Revenue Up 17% in Q2
Medifast, the company behind OPTAVIA®, reported revenue of $220.0 million for the second quarter ended June 30, 2020. Second quarter revenue increased 17.6% to $220.0 million from revenue of $187.1 million for the second quarter of 2019. OPTAVIA-branded products represented 83 percent of consumable units sold for the second quarter compared to 75 percent for the same period a year ago. […]
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