Medifast: Q1 Earnings Snapshot
By Ap News
Published - Apr 29, 2024, 04:49 PM ET
Last Updated - May 27, 2024, 01:05 AM EDT
BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Monday reported earnings of $8.3 million in its first quarter.
The Baltimore-based company said it had profit of 76 cents per share. Earnings, adjusted for non-recurring gains, came to 66 cents per share.
The weight-loss company posted revenue of $174.7 million in the period.
For the current quarter ending in June, Medifast expects its per-share earnings to range from 5 cents to 40 cents.
