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Mar 31, 2020
Medifast Q1 2020 Earnings Report
Reported results for the first quarter ended March 31, 2020.
Key Takeaways
Medifast reported a strong start to the year with revenue and EPS exceeding guidance, driven by a record number of active earning OPTAVIA coaches. The company's financial model and balance sheet position it for long-term growth, with encouraging trends as the OPTAVIA coach community adapts to new ways of working.
Revenue increased 7.6% to $178.5 million.
Active earning OPTAVIA Coaches increased 19.9% to 32,600.
Net income decreased 11.0% to $18.5 million.
Non-GAAP adjusted earnings per diluted share increased 13.5% to $1.93.
Forward Guidance
The company cannot reasonably estimate the extent and duration of the business and macroeconomic impacts, and related financial impacts to the Company, from the COVID-19 pandemic. The Company intends to update its guidance for full year 2020 when it can reasonably estimate the impact.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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