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Jun 30, 2020
Medifast Q2 2020 Earnings Report
Reported a strong quarter driven by demand and engagement among OPTAVIA Coaches and Clients.
Key Takeaways
Medifast reported a revenue increase of 17.6% to $220.0 million compared to the second quarter of 2019. The number of active earning OPTAVIA Coaches increased by 19.3% to 36,500. EPS increased to $1.86, and non-GAAP adjusted EPS increased to $1.96.
Revenue increased 17.6% to $220.0 million
Active earning OPTAVIA Coaches grew 19.3% to 36,500
Net income increased 2.6% to $21.9 million
Earnings per diluted share of $1.86, an increase of 6.3%
Forward Guidance
Medifast expects to maintain a program of paying dividends on a quarterly basis and intends to utilize its share repurchase program as opportunities arise.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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