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Stock impact report

Q3 Earnings Highlights: Medifast (NYSE:MED) Vs The Rest Of The Personal Care Stocks [Yahoo! Finance]

MEDIFAST INC (MED) 
Last medifast inc earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.medifastnow.com
Company Research Source: Yahoo! Finance
Today, we are looking at personal care stocks, starting with Medifast (NYSE:MED). While personal care products products may seem more discretionary than food, consumers tend to maintain or even boost their spending on the category during tough times. This phenomenon is known as "the lipstick effect" by economists, which states that consumers still want some semblance of affordable luxuries like beauty and wellness when the economy is sputtering. Consumer tastes are constantly changing, and personal care companies are currently responding to the public's increased desire for ethically produced goods by featuring natural ingredients in their products. The 11 personal care stocks we track reported a mixed Q3. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 16.1% below. In light of this news, share prices of the companies have held steady as they are up 4% on average since the latest earnings results. Known for its Opt Show less Read more
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