Medifast to Exit Hong Kong, Singapore Operations on Covid-19 Hit [MarketWatch]
MEDIFAST INC (MED)
Last medifast inc earnings: 2/26 04:05 pm
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Source: MarketWatch
The nutrition and weight loss company's move comes as it looks to improve its operational efficiency and achieve its goal of 15% annualized revenue growth and 15% sustainable operating margin by 2025. The operational exit will take place on July 1. "We continue to adjust to the changing demands of the market," Chief Executive Dan Chard said, adding that the company is now focused on expanding into new demographics and diversifying its revenue streams. Medifast is also looking into reducing costs through deeper automation. Write to Sabela Ojea at sabela.ojea@wsj.com
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News
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MED
Earnings
- 2/20/24 - Beat
MED
Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- MED's page on the SEC website