Medifast (MED) Tumbles More Than 40% in 3 Months: Here's Why [Yahoo! Finance]
MEDIFAST INC (MED)
Last medifast inc earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
ir.medifastnow.com
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Source: Yahoo! Finance
Additionally, increased marketing and advertising initiatives and investments to drive customer acquisition are likely to put pressure on profits in 2024. The Zacks Consensus Estimate for 2024 earnings per share has declined from $2.80 to 94 cents in the past 30 days. Additionally, this Zacks Rank #5 (Strong Sell) stock has slumped 44.1% in the past three months compared with the industry's decline of 4.3%. Customer Acquisition Challenges Medifast has been encountering difficulties in attracting customers, primarily because of a range of macroeconomic elements, such as the increasing popularity of GLP-1 medications, the rapidly changing economy and shifts in social media algorithms. Undoubtedly, the weight loss market has experienced significant changes over the past 18 months, with the adoption of medically supported weight loss accelerating more rapidly than anticipated. In the first quarter of 2024, net revenues of $174.7 million declined 49.9% year over year, mainly due to
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MED
News
- Medifast Named as One of The "Best Companies To Work For" by U.S. News & World Report [Yahoo! Finance]Yahoo! Finance
- Medifast Named as One of The “Best Companies To Work For” by U.S. News & World ReportBusiness Wire
- Are Medifast, Inc. (NYSE:MED) Investors Paying Above The Intrinsic Value? [Yahoo! Finance]Yahoo! Finance
- The Schall Law Firm Is Initiating An Investigation Into Accusations Against Medifast, Inc. And Urges Investor EngagementAccesswire
- The Schall Law Firm Declares An Investigation Into Claims Against Medifast, Inc. And Invites Investor ParticipationAccesswire
MED
Earnings
- 4/29/24 - Beat
MED
Sec Filings
- 6/21/24 - Form 8-K
- 5/8/24 - Form ARS
- 4/29/24 - Form 10-Q
- MED's page on the SEC website