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COMPANY BENCHMARKING • UNITED STATES

Medifast, Inc. - Company Profile

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Medifast, Inc. - Overview

Brands
Corporate Events, Jason Enterprises, Jason Pharmaceuticals, Jason Properties, Medifast Franchise Systems, OPTAVIA, Seven Crondall Associates
Description
Medifast is a public company headquartered in Maryland with an estimated 874 employees. In the US, the company has a notable market share in at least two industries: Weight Loss Services, Online Weight Loss Services and Online Weight Loss Services. Their largest market share is in the Weight Loss Services industry, where they account for an estimated 28.3% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Medifast, Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 11445 Cronhill Drive Owings Mills MD 21117

Website: https://www.medifast1.com

Employees: 874

Medifast, Inc. - Operating Industries and Main Competitors

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Medifast, Inc. - Products and Services

  • Weight Loss Services in the US

  • Of the 4 core revenue-generating products and services in the Weight Loss Services in the US industry, Medifast, Inc. offers:
    • Digital subscriptions
    • In-person consultation subscriptions
    • Other fees
  • Online Weight Loss Services in the US

  • Of the 3 core revenue-generating products and services in the Online Weight Loss Services in the US industry, Medifast, Inc. offers:
    • Prepared meal sales
    • Weight management consultations and resources
error_outline To view Medifast, Inc.'s full products and services, see purchase options.

Medifast, Inc. - Analyst Insights

Medifast changes names of its direct selling subsidiary

Medifast changed the name of its direct selling subsidiary from Take Shape for Life to Optavia. Along with this name change, the company also introduced new clean label food products under Optavia’s brand name. The new product line includes bars, shakes and crackers. Over twenty new products launched and introduced to more than 1,000 health coaches who participated in Medifast’s conference in which they announced the rebrand. On top of health coaches, Optavia’s new product lines is also sold direct through its website, as well as in weight-control centers.

Balance Sheet


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Medifast, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Medifast, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Weight Loss Services in the US, and Online Weight Loss Services in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Medifast, Inc. - Financial Statements & Ratios

pie_chartMedifast, Inc. Income Statement

BALANCE DATE12/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Revenue934.8713.7501.0301.6274.5272.8
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartMedifast, Inc. Balance Sheet

BALANCE DATE12/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Cash and Equivalents163.777.081.475.152.442.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartMedifast, Inc. Cash Flow

BALANCE DATE12/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

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