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Mar 31, 2022
Medifast Q1 2022 Earnings Report
Reported a revenue increase of 22.6% and a net income increase of 1.7% compared to the prior-year period.
Key Takeaways
Medifast, Inc. reported record quarterly revenues with a 22.6% increase, driven by a 21.7% growth in active earning OPTAVIA Coaches and a 1.3% increase in revenue per coach. The company also raised its annual revenue and EPS guidance.
Revenue increased by 22.6% to $417.6 million.
The number of active earning OPTAVIA Coaches grew by 21.7% to 63,900.
Revenue per active earning OPTAVIA Coach increased by 1.3% to $6,536.
Net income increased by 1.7% to $41.8 million, with EPS at $3.59.
Forward Guidance
The Company increased annual guidance and now expects full-year 2022 revenue to be in the range of $1.78 billion to $1.84 billion, up from the previously announced range of $1.72 billion to $1.79 billion. The Company expects full-year 2022 EPS to be in the range of $14.60 to $16.05, up from the previously announced range of $14.50 to $16.00.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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