Medifast Q2 revenue falls 34.7% to $296.2M; diluted EPS $2.77 vs $3.42

MEDIFAST INC

2023-Q2 EPS reported $6.43 revenue$645,170,000

Revenue $296.2M (-34.7%); net income $30.3M, EPS $2.77 vs $39.1M, $3.42 prior.
Active earning OPTA VIA coaches down 21.9% to 53,100; revenue per coach $5,578.
Q3 2023 guidance: revenue $220-$240M, diluted EPS $0.71-$1.32, tax rate 23-25%.
Cash $147.4M, no debt; quarterly dividend of $1.65 per share declared.
CEO cites economic headwinds, cost initiatives; new OPTA VIA ACTIVE line launched.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MEDIFAST INC reported second quarter ended June 30, 2023 results: revenue $296.2 million, net income $30.3 million, EPS $2.77 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $296.2 million
Net income: $30.3 million
EPS: $2.77 per diluted share
Result: reported results

Exact text from the filing

known for its habit-based and Coach-guided lifestyle solution, OPTA VIA® , today reported results for the second quarter ended June 30, 2023 . Second Quarter 2023 • Revenue of $296.2 million, with revenue per active earning coach of $5,578 • Independent active earning OPTA VIA Coaches of 53,100 • Net income of $30.3 million • Earnings per diluted share ("EPS) of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MEDIFAST INC reported third quarter 2023 results: revenue $220 million to $240 million, EPS $0.71 to $1.32. Guidance initiated.

Period: third quarter 2023
Revenue: $220 million to $240 million
EPS: $0.71 to $1.32
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company expects third quarter 2023 revenue to be in the range of $220 million to $240 million and third quarter 2023 diluted EPS to be in the range of $0.71 to $1.32

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Source: SEC EDGAR

accession 0001628280-23-027839

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