NYSE$MED

Medifast Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Medifast reported a strong Q4 2020 with significant revenue and earnings growth, driven by the increasing popularity of OPTAVIA and its coaches.

Medifast, Inc. announced a 55.3% increase in fourth-quarter revenue to $264.9 million, driven by a 39.0% increase in active OPTAVIA Coaches and a rise in average revenue per coach. Net income rose to $28.0 million, or $2.36 per diluted share.

  • Revenue increased by 55.3% to $264.9 million compared to Q4 2019.
  • Active earning OPTAVIA Coaches increased by 39.0% to 44,200.
  • Average revenue per active earning OPTAVIA Coach was $5,932, up from $5,229 in Q4 2019.
  • Net income was $28.0 million, or $2.36 per diluted share, compared to $19.9 million, or $1.66 per diluted share in Q4 2019.

Headline financials

Total Revenue

$265M

Previous: $171M+55.3%
EPS (adj)

$2.36

Previous: $1.19+98.3%
Independent active earning coaches

44.2K

Previous: 31.8K+39.0%
Average revenue per active earning coach

$5.93K

Previous: $5.23K+13.4%
Capital Expenditures

$2.04M

Previous: $834K+144.0%
Free Cash Flow

$17.8M

Previous: $18.3M-2.9%
Net Income

$28M

Previous: $19.9M+40.7%
Operating Income

$38M

Previous: $18.7M+103.2%
Gross Profit

$199M

Previous: $128M+55.5%
Cash & Equivalents

$175M

Previous: $77M+126.7%
Total Assets

$276M

Previous: $195M+41.8%
Stock-Based Comp

$2.55M

Previous: $1.11M+131.0%

Revenue & EPS history

Medifast · Revenue · Quarterly

$265M

Q4 2020+55.3%vs Q4 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Medifast expects to continue 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 Q4 2020

Historical avgQ4 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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