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Jun 30, 2021
Medifast Q2 2021 Earnings Report
Medifast's second quarter was outstanding, driven by growth in independent OPTAVIA Coaches and their increased productivity.
Key Takeaways
Medifast, Inc. reported a significant increase in revenue for the second quarter of 2021, with a 79.2% increase to $394.2 million. This growth was largely driven by the success of independent OPTAVIA Coaches. The company is positioned to deliver on its 2021 goals and long-term profitable growth.
Second quarter revenue increased by 79.2% to $394.2 million compared to the prior year.
The total number of active earning OPTAVIA Coaches increased 62.2% to 59,200.
Average revenue per active earning OPTAVIA Coach increased 13.9% to $6,662.
Second quarter net income was $47.0 million, or $3.96 per diluted share.
Forward Guidance
The Company expects full-year 2021 revenue to be in the range of $1.425 billion to $1.525 billion and full-year 2021 EPS to be in the range of $12.70 to $14.17. The full-year 2021 earnings guidance assumes a 23.25% to 24.25% effective tax rate.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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