Previous Close | 13.45 |
Open | 13.45 |
Bid | 15.60 |
Ask | 19.20 |
Strike | 45.00 |
Expire Date | 2024-05-17 |
Day's Range | 13.45 - 13.45 |
Contract Range | N/A |
Volume | |
Open Interest | 2 |
Shares of wellness company Medifast (NYSE:MED) fell 26.8% in the morning session after the company reported first quarter results that narrowly topped analysts' revenue expectations. However, revenue declined 48% in absolute terms, primarily driven by a decline in active earning OPTAVIA Coaches as well as lower Coach productivity. The company also called out a $9.1 million headwind due to timing differences from changes to sales order terms. Looking ahead, guidance was weak. The company's revenu
Despite a significant revenue drop, Medifast focuses on improved gross margins and strategic marketing investments to bolster future growth.