Previous Close | 1.5500 |
Open | 1.7600 |
Bid | 0.0500 |
Ask | 0.3500 |
Strike | 45.00 |
Expire Date | 2024-06-21 |
Day's Range | 1.5500 - 1.7600 |
Contract Range | N/A |
Volume | |
Open Interest | 51 |
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 49% 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.