NYSE$MED

Medifast Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported results for the first quarter ended March 31, 2020.

Medifast reported a strong start to the year with revenue and EPS exceeding guidance, driven by a record number of active earning OPTAVIA coaches. The company's financial model and balance sheet position it for long-term growth, with encouraging trends as the OPTAVIA coach community adapts to new ways of working.

  • Revenue increased 7.6% to $178.5 million.
  • Active earning OPTAVIA Coaches increased 19.9% to 32,600.
  • Net income decreased 11.0% to $18.5 million.
  • Non-GAAP adjusted earnings per diluted share increased 13.5% to $1.93.

Headline financials

Total Revenue

$178M

Previous: $166M+7.6%
EPS (adj)

$1.93

Previous: $1.70+13.5%
Independent active earning coaches

32.6K

Previous: 27.2K+19.9%
Average revenue per active earning coach

$5.33K

Previous: $5.82K-8.3%
Capital Expenditures

-$294K

Previous: -$4.44M+93.4%
Free Cash Flow

$18.2M

Previous: $16.3M+11.5%
Net Income

$18.5M

Previous: $20.8M-11.0%
Operating Income

$23.5M

Previous: $24.7M-4.8%
Gross Profit

$135M

Previous: $125M+8.1%
Cash & Equivalents

$90.7M

Previous: $102M-11.0%
Total Assets

$202M

Previous: $210M-3.8%
Stock-Based Comp

$981K

Previous: $990K-0.9%

Revenue & EPS history

Medifast · Revenue · Quarterly

$178M

Q1 2020+7.6%vs Q1 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The company cannot reasonably estimate the extent and duration of the business and macroeconomic impacts, and related financial impacts to the Company, from the COVID-19 pandemic. The Company intends to update its guidance for full year 2020 when it can reasonably estimate the impact.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.4%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+31.6%

Q4 2017

Best reaction

-29.9%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+19.7%+16.7%
Q4 2025-0.8%-1.9%-7.4%
Q3 2025+0.8%+0.4%-8.6%
Q1 2025-0.6%+5.3%+10.8%
Q4 2024-11.4%-8.4%-11.1%
Q3 2024+9.8%+3.1%+6.2%
Q2 2024-5.6%-9.0%-11.8%
Q1 2024-18.3%-20.8%-25.4%
Q4 2023-19.2%-18.5%-28.7%
Q3 2023-1.5%-6.5%+3.3%
Q2 2023-9.5%-4.9%-18.5%
Q1 2023-3.8%-0.7%-14.1%
Q4 2022-10.8%-4.6%-15.3%
Q3 2022-3.2%-1.6%+9.0%
Q2 2022-15.2%-21.9%-31.9%
Q1 2022+5.4%+1.8%-2.0%
Q4 2021-5.6%+1.7%-6.4%
Q3 2021+3.7%+4.7%-7.1%
Q2 2021-8.7%-14.1%-17.4%
Q1 2021+7.8%+18.9%+35.3%
Q4 2020-3.9%-0.8%-14.7%
Q3 2020+12.9%+23.5%+45.4%
Q2 2020-5.7%-5.0%-8.0%
Q1 2020+18.5%+30.1%+46.7%
Q4 2019-9.7%-13.4%-31.5%
Q3 2019-29.9%-24.8%-14.7%
Q2 2019-7.6%-7.8%-10.5%
Q1 2019-2.1%+3.6%-12.1%
Q4 2018+0.9%-0.7%+0.3%
Q3 2018-28.3%-25.3%-32.4%
Q2 2018+25.8%+17.4%+35.0%
Q1 2018+22.3%+19.3%+50.0%
Q4 2017+31.6%+32.5%+44.0%
Q3 2017+14.7%+13.1%+16.6%
Q2 2017+18.6%+20.7%+31.7%
Q1 2017+3.4%+3.8%-6.1%
Q4 2016-3.7%-4.4%-1.4%
Q3 2016-5.0%-4.5%-4.7%
Q2 2016-0.2%+0.8%+5.9%
Q1 2016+0.8%
Q4 2015-5.6%
Q3 2015+6.9%
Q2 2015-9.2%
Q1 2015+5.3%
Q4 2014-3.1%
Q3 2014+2.5%
Q2 2014-9.5%
Q1 2014-8.5%
Q4 2013+3.4%
Q3 2013+0.5%
Q2 2013-4.3%
Q1 2013-3.8%
Q4 2012-5.4%
Q3 2012+10.4%
Q2 2012+28.5%
Q1 2011+8.9%
Q1 2012+3.2%
Q4 2011+0.9%
Q4 2009+0.9%
Q3 2010+1.9%
Q3 2011+1.9%
Q4 2010+4.3%
Q2 2010+4.3%
Q2 2011+4.3%
Q1 2010+10.1%

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