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Dec 31, 2020
Medifast Q4 2020 Earnings Report
Medifast reported a strong Q4 2020 with significant revenue and earnings growth, driven by the increasing popularity of OPTAVIA and its coaches.
Key Takeaways
Medifast, Inc. announced a 55.3% increase in fourth-quarter revenue to $264.9 million, driven by a 39.0% increase in active OPTAVIA Coaches and a rise in average revenue per coach. Net income rose to $28.0 million, or $2.36 per diluted share.
Revenue increased by 55.3% to $264.9 million compared to Q4 2019.
Active earning OPTAVIA Coaches increased by 39.0% to 44,200.
Average revenue per active earning OPTAVIA Coach was $5,932, up from $5,229 in Q4 2019.
Net income was $28.0 million, or $2.36 per diluted share, compared to $19.9 million, or $1.66 per diluted share in Q4 2019.
Forward Guidance
Medifast expects to continue 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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