NYSE$MED

Medifast Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported a strong quarter driven by demand and engagement among OPTAVIA Coaches and Clients.

Medifast reported a revenue increase of 17.6% to $220.0 million compared to the second quarter of 2019. The number of active earning OPTAVIA Coaches increased by 19.3% to 36,500. EPS increased to $1.86, and non-GAAP adjusted EPS increased to $1.96.

  • Revenue increased 17.6% to $220.0 million
  • Active earning OPTAVIA Coaches grew 19.3% to 36,500
  • Net income increased 2.6% to $21.9 million
  • Earnings per diluted share of $1.86, an increase of 6.3%

Headline financials

Total Revenue

$220M

Previous: $187M+17.6%
EPS (adj)

$1.96

Previous: $1.75+12.0%
Independent active earning coaches

36.5K

Previous: 30.6K+19.3%
Average revenue per active earning coach

$5.85K

Previous: $5.86K-0.2%
Capital Expenditures

-$583K

Previous: -$6.97M+91.6%
Free Cash Flow

$21.4M

Previous: $14.4M+48.2%
Net Income

$21.9M

Previous: $21.4M+2.6%
Operating Income

$28.1M

Previous: $27.4M+2.7%
Gross Profit

$159M

Previous: $141M+13.2%
Cash & Equivalents

$131M

Previous: $96.3M+35.8%
Total Assets

$232M

Previous: $213M+9.2%
Stock-Based Comp

$1.14M

Previous: $1.26M-9.5%

Revenue & EPS history

Medifast · Revenue · Quarterly

$220M

Q2 2020+17.6%vs Q2 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Medifast expects to maintain a program of paying dividends on a quarterly basis and intends to utilize its share repurchase program as opportunities arise.

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 Q2 2020

Historical avgQ2 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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