Medifast Q3 revenue down 39.6% YoY to $235.9M; EPS $2.12 vs $3.27

MEDIFAST INC

2023-Q3 EPS reported $8.55 revenue$881,039,000

Revenue $235.9M (-39.6% YoY); net income $23.1M (-36.2% YoY); diluted EPS $2.12 vs $3.27.
Active earning Coaches 47,100 (-28.9% YoY); revenue per Coach $5,008 (-15.1%).
FY2023 guidance: revenue $1,050M-1,070M; diluted EPS $8.65-$9.55.
Cash & investments $157.8M, no debt; declared $1.65/share dividend payable Nov 7.

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 0.9

MEDIFAST INC reported third quarter ended September 30, 2023 results: revenue Revenue of $235.9 million, net income Net income of $23.1 million, EPS Earnings per diluted share ("EPS") of $2.12.

Period: third quarter ended September 30, 2023
Revenue: Revenue of $235.9 million
Net income: Net income of $23.1 million
EPS: Earnings per diluted share ("EPS") of $2.12
Result: reported results

Exact text from the filing

Medifast Announces Third Quarter 2023 Financial Results November 6, 2023 BALTIMORE--(BUSINESS WIRE)-- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA®, today reported results for the third quarter ended September 30, 2023. Third Quarter 2023 • Revenue of $235.9 million, with revenue per active earning Coach of $5,008 • Independent active earning OPTA VIA Coaches of 47,100 • Net income of $23.1 million • Earnings per diluted share ("EPS") of $2.12

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Source: SEC EDGAR

accession 0001628280-23-037043

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