earnings
confidence high
sentiment positive
materiality 0.80
Medifast Q1 revenue up 22.6% to $417.6M; raises FY22 guidance
MEDIFAST INC
2022-Q1 EPS reported
$3.59
revenue$417,600,000
- Net income $41.8M ($3.59 diluted EPS) vs $41.1M ($3.46) YoY.
- Active OPTA VIA coaches grew 21.7% to 63,900; avg revenue per coach up 1.3% to $6,536.
- FY22 revenue guidance raised to $1.78-1.84B (from $1.72-1.79B); EPS to $14.60-16.05.
- Quarterly dividend increased 15.5% to $1.64/share; $10M share repurchase in Q1.
- No interest-bearing debt; cash & securities $122.1M at March 31, 2022.