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Sep 30, 2021
Medifast Q3 2021 Earnings Report
Reported a revenue increase of 52% driven by growth in active OPTAVIA Coaches and their average revenue per coach.
Key Takeaways
Medifast reported strong third-quarter results with a 52.3% increase in revenue to $413.4 million. The number of active OPTAVIA Coaches rose by 44.9% to 61,000, and average revenue per coach increased by 7.0% to $6,773. Net income was $42.0 million, or $3.56 per diluted share.
Revenue increased by 52.3% to $413.4 million compared to the third quarter of 2020.
The total number of active earning OPTAVIA Coaches increased 44.9% to 61,000.
Average revenue per active earning OPTAVIA Coach increased 7.0% to $6,773.
Net income was $42.0 million, or $3.56 per diluted share.
Forward Guidance
The company expects full-year 2021 revenue to be in the range of $1.51 billion to $1.53 billion and full-year 2021 EPS to be in the range of $13.27 to $13.96.
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