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Stock impact report

Medifast Trades Near 52-Week Low: What's the Best Move Now? [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
underperformed the broader Zacks Consumer Staples sector's dip of 2% and the S&P 500's decline of 7%. Closing the trading session at $12.92 yesterday, the stock hovers close to its 52-week low of $12.30 reached on April 7. Image Source: Zacks Investment Research This significant decline in Medifast stock price can be attributed to several factors that have weighed on its performance. Medifast is grappling with mounting challenges amid a rapidly evolving weight loss landscape. In the fourth quarter of 2024, revenues reached $119 million, landing at the upper end of the company's guidance range but still marking a steep 37.7% decline year over year. The drop was primarily due to a sharp reduction in the number of active earning OPTAVIA coaches and continued softness in coach productivity. Customer acquisition continues to face pressure, largely due to the rising adoption of GLP-1 medications, which are reshaping consumer preferences in the weight loss space. The company ended th Show less Read more
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