I write a lot about the amazing weight loss and health benefits of Medifast, but rarely mention anything about the business side of the company. However, I have been following the earning reports and the economic growth of the company is pretty astounding.
Medifast announced their third-quarter earnings and once again the gains were remarkable.
Here are a few highlights:
- Third quarter revenues increased 65% to $45.0 million, compared to 2008
- Diluted EPS for the quarter increased 109% to $0.23 versus $0.11 year-over-year
- Direct sales segment, Take Shape for Life, increased sales 105% year-over-year for the quarter
- Medifast Weight Control Centers quarterly revenues increased 106%
- Direct response quarterly revenues increased 14% versus a year ago
- Operating margins improve to 12.4% versus 8.8% in the comparable
quarter - Generated Free Cash Flow of $5.3 million.
I have very positive feelings towards Medifast that has no ties to how they are doing financially. It looks like they are growing in almost every area and not just TSFL, like some critics claim. It’s good to see them kicking ass like this.
