Medifast shares sink ~16% as co slashes FY 2022 guidance on impact to customer retention [Seeking Alpha]
MEDIFAST INC (MED)
Last medifast inc earnings: 2/26 04:05 pm
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Medifast shares sink ~16% as co slashes FY 2022 guidance on impact to customer retentionAug. 04, 2022 12:02 PM ETMedifast, Inc. (MED)By:Anuron MitraSA News EditorRapidEye/iStock via Getty ImagesMedifast (NYSE:slumped 16.1%reportedbeat estimates by $0.64, and Q2 revenue of $453.3M whichbeat expectations by $5.43MMED's Q2 revenue, which grew 15% Y/Y, was primarily driven by an increase in the total number of active earnings Optavia Coaches."We're not immune to issues in the wider macroeconomic environment, and like many consumer-focused businesses, we've seen the impact of inflation on customer retention and consumer sentiment, which will cause slower-than-anticipated growth in the second half," said MED CEO Dan Chard in theearnings reportThe macroeconomic factors and impact on customer retention led the company to slash its FY 2022 revenue guidance to a range of $1.58B to $1.66B from an earlier forecast of $1.78B to $1.84B. Theconsensus revenue estimateMED's FY non-GAAP EPS outlook is
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MED
News
- MEDIFAST (MED) Down 11.5% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- Medifast: Cheap Valuation, Uncertain Future [Seeking Alpha]Seeking Alpha
- Medifast (MED) Soars 5.9%: Is Further Upside Left in the Stock? [Yahoo! Finance]Yahoo! Finance
- Should You Think About Buying Medifast, Inc. (NYSE:MED) Now? [Yahoo! Finance]Yahoo! Finance
- Innovations Aid Medifast (MED), Lower Customer Attraction Ails [Yahoo! Finance]Yahoo! Finance
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