Medifast Inc is a health and wellness company that specializes in providing nutritional products and weight management solutions
The company offers a range of meal replacement plans, supplements, and snacks designed to support individuals on their weight loss journey and foster healthy lifestyle choices. Through its direct selling model and partnerships with health professionals, Medifast empowers consumers to achieve their health goals by promoting balanced nutrition, education, and community support.
What a brutal six months it’s been for Medifast. The stock has dropped 20.6% and now trades at $19.84, rattling many shareholders. This may have investors wondering how to approach the situation.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at personal care stocks, starting with Medifast (NYSEMED).
Wellness products company Nature’s Sunshine Products (NASDAQNATR)
will be reporting earnings tomorrow after market hours. Here’s what investors should know.
Wellness company Medifast (NYSEMED) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 40.6% year on year to $140.2 million. On the other hand, next quarter’s revenue guidance of $110 million was less impressive, coming in 16.4% below analysts’ estimates. Its GAAP profit of $0.10 per share was also 153% above analysts’ consensus estimates.
