NYSE$MED

Medifast Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a revenue increase of 22.6% and a net income increase of 1.7% compared to the prior-year period.

Medifast, Inc. reported record quarterly revenues with a 22.6% increase, driven by a 21.7% growth in active earning OPTAVIA Coaches and a 1.3% increase in revenue per coach. The company also raised its annual revenue and EPS guidance.

  • Revenue increased by 22.6% to $417.6 million.
  • The number of active earning OPTAVIA Coaches grew by 21.7% to 63,900.
  • Revenue per active earning OPTAVIA Coach increased by 1.3% to $6,536.
  • Net income increased by 1.7% to $41.8 million, with EPS at $3.59.

Headline financials

Total Revenue

$418M

Previous: $341M+22.6%
EPS (adj)

$3.59

Previous: $3.46+3.8%
Independent active earning coaches

63.9K

Previous: 52.5K+21.7%
Average revenue per active earning coach

$6.54K

Previous: $6.45K+1.3%
Capital Expenditures

-$3.01M

Previous: -$4.6M+34.6%
Free Cash Flow

$38.8M

Previous: $36.5M+6.3%
Net Income

$41.8M

Previous: $41.1M+1.7%
Operating Income

$55.1M

Previous: $52.8M+4.3%
Gross Profit

$302M

Previous: $249M+21.6%
Cash & Equivalents

$122M

Previous: $213M-42.6%
Total Assets

$421M

Previous: $326M+29.1%
Stock-Based Comp

$2.28M

Previous: $2.2M+3.5%

Revenue & EPS history

Medifast · Revenue · Quarterly

$418M

Q1 2022+22.6%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The Company increased annual guidance and now expects full-year 2022 revenue to be in the range of $1.78 billion to $1.84 billion, up from the previously announced range of $1.72 billion to $1.79 billion. The Company expects full-year 2022 EPS to be in the range of $14.60 to $16.05, up from the previously announced range of $14.50 to $16.00.

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 2022

Historical avgQ1 2022

+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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