Medifast, Inc. announced that it has appointed James (Jim) Maloney as chief financial officer, effective today. In his role, Maloney will be responsible for leading the finance function, including all aspects of financial planning and analysis, setting Medifast’s financial and capital allocation strategies and managing investor relations. He will serve as a member of the […]
Evidence from the public markets continues to validate the data and trends investment banking and business development firm Transformation Capital has been reporting of late. Direct selling continues to stand out as an ideal model in the current pandemic environment. Month-to-date, the four large direct selling stocks have increased in value from 11 percent (low) […]
OPTAVIA is the running-on-all-cylinders-engine propelling its parent company. As the Medifast/OPTAVIA corporate team gathered on the iconic platform at the New York Stock Exchange to ring the market’s opening bell on March 2, 2020, they were ready to celebrate more than just exceptional growth. The team dedicated the bell ringing to the more than 30,000 […]
Medifast (NYSE: MED), the company behind the health and wellness community OPTAVIA®, reported results for the first quarter ended March 31, 2020. First quarter revenue increased 7.6 percent to $178.5 million from revenue of $165.9 million for the first quarter of 2019. OPTAVIA-branded products represented 79 percent of consumable units sold for the first quarter compared to 73 percent for the same period […]
Medifast (NYSE: MED) yesterday reported revenue increased 17 percent in the fourth quarter and 42.4 percent for the full year ended December 31, 2019. Fourth quarter revenue increased to $170.6 million from revenue of $145.8 million for the fourth quarter of 2018. OPTAVIA-branded products represented 79 percent of consumable units sold for the fourth quarter compared […]
Medifast (NYSE: MED) yesterday reported revenue increased 17 percent in the fourth quarter and 42.4 percent for the full year ended December 31, 2019. Fourth quarter revenue increased to $170.6 million from revenue of $145.8 million for the fourth quarter of 2018. OPTAVIA-branded products represented 79 percent of consumable units sold for the fourth quarter compared […]
Medifast announced it will ring The Opening Bell® at the New York Stock Exchange (NYSE) on March 2, 2020, in celebration of its strong 2019. To honor the occasion, Medifast Chief Executive Officer Dan Chard will be joined by Mike MacDonald, chairman of the Board, Dr. Wayne Scott Andersen, co-founder of OPTAVIA and Independent OPTAVIA Coach, members of the executive team and other […]
Medifast announced it will ring The Opening Bell® at the New York Stock Exchange (NYSE) on March 2, 2020, in celebration of its strong 2019. To honor the occasion, Medifast Chief Executive Officer Dan Chard will be joined by Mike MacDonald, chairman of the Board, Dr. Wayne Scott Andersen, co-founder of OPTAVIA and Independent OPTAVIA Coach, members of the executive team and other […]
Medifast, the company behind, OPTAVIA, was recently featured on Tamron Hall. Independent OPTAVIA Coach couple Christina and Jorge Gutierrez shared their story with Tamron and her 1.3 million viewers in New York City. The Gutierrez’s started with OPTAVIA in 2018 after a tumultuous year. In November 2017, the couple’s daughter was diagnosed with autism, which naturally triggered a period of marital stress. Coupled […]
Medifast, the company behind, OPTAVIA, was recently featured on Tamron Hall. Independent OPTAVIA Coach couple Christina and Jorge Gutierrez shared their story with Tamron and her 1.3 million viewers in New York City. The Gutierrez’s started with OPTAVIA in 2018 after a tumultuous year. In November 2017, the couple’s daughter was diagnosed with autism, which naturally triggered a period of marital stress. Coupled […]
In conjunction with its annual meeting, the U.S. Direct Selling Association (DSA), announced top honors to the industry’s standout companies at its 2019 DSA Awards gala in Austin, Texas. In addition, the Direct Selling Education Foundation(DSEF) announced three new inductees to its prestigious Circle of Honor. DSA Awards DSA Awards recognize the outstanding programs DSA […]
Nine direct selling companies were recently selected as 2019 Stevie® award winners by the American Business Awards for outstanding performances in the workplace. 4Life Research, ARIIX, Jeunesse Global, Kannaway, LifeVantage, Medifast/OPTAVIA, MONAT Global, USANA Health Sciences and Vivint Smart Home were among the companies chosen. The winners will be presented with their awards at the 17th […]