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Medifast Inc   (MED)
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Medifast Inc 's

Competitiveness


 

MED Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Medifast Inc reported Revenue decrease in the 4 quarter 2023 year on year by -43.13 %, faster than the overall decrease of Medifast Inc 's competitors by -6.96 %, recorded in the same quarter.

List of MED Competitors

With a net margin of 3.15 % Medifast Inc achieved higher profitability than its competitors.

More on MED Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Medifast Inc Net Income in the 4 quarter 2023 fell year on year by -77.24%, while most of its competitors have experienced a contraction in net income by -99.25 %.

<<  MED Stock Performance Comparisons


Medifast Inc 's Comment on Competitors and Industry Peers


The weight-loss industry is very competitive and encompasses various weight loss products and programs. These include a wide variety of commercial weight-loss programs, pharmaceutical products, books, self-help diets, dietary supplements, appetite suppressants, and meal replacements, as well as, digital tools and wearable trackers. The weight loss market is served by a diverse array of competitors. Potential customers seeking to manage their weight can turn to other traditional center-based competitors, online diet oriented sites, self-directed dieting and self-administered products such as prescription drugs, over-the-counter drugs and supplements, as well as medically supervised programs.

Medifast’s identified peers and competitors in the general health and wellness diet industry include NutriSystem Inc., Herbalife Ltd., USANA Health Sciences, and Weight Watchers International, Inc. The Company believes that it competes effectively in the weight-loss industry and differentiates itself from the competition.

The Company believes its scientific and clinical heritage and commitment to evaluating its products and programs through clinical research are primary differentiators that allow it to compete in this market. Another primary differentiator is the Company’s unique multi-channel distribution strategy, which provides varying support modalities, and broadens the availability of the Medifast brand by targeting a customer’s individual needs. Originally developed by a physician, Medifast has been on the cutting edge in the development of nutritional and weight-management products since the Company was founded. Medifast meals are individually portioned, calorie- and carbohydrate-controlled meal replacements that share a similar nutritional “footprint” and provide a balance of protein and good carbohydrates, including fiber.

Medifast Medical Providers offer Medifast products and programs to patients in their practice and utilize wholesale sales. Medifast Direct serves customers through the Medifast website and call center with various online support tools, along with access to registered dietitians. The Take Shape For Life® division offers the personal support of a Health Coach that is often a person who has achieved success with Take Shape For Life® and has turned their success into a business opportunity. Medifast Weight Control Centers offer a supervised and structured model for customers who prefer more accountability and personalized counseling as part of the ongoing program. Medifast weight management programs utilize meal replacements as part of a structured meal plan that clinical research has shown to be effective for weight loss.



  

Overall company Market Share Q4 2023

Overall company, revenue fell by -43.13 % and company lost market share, to approximately 5.54 %.




<<  More on MED Market Share.
 
*Market share is calculated based on total revenue.

  News about Medifast Inc Contracts

Medifast Embarks on Therapeutic Weight Loss Venture with LifeMD in Bid to Transform Business Amidst Challenging Market Conditions


Medifast, the renowned health and wellness company recognized for its habit-based and coach-guided lifestyle solution, OPTAVIA, has commenced the transformative first phase of its business transformation, with a determined focus on expanding its reach to offer comprehensive health and wellness solutions across the United States.
The Baltimore-based company is making an active leap into the medically supported weight loss market in collaboration with LifeMD, Inc., a preeminent virtual primary care provider. This dynamic alliance forms the backbone of the company's strategic business model revamp and promises to shape the face of therapeutic weight management in a significantly impactful mannerHoweve...





Who are Medifast Inc 's Competitors?




Celsius Holdings Inc
Share Performance



+8.90%
Over The Past 5 Days



Celsius Holdings Inc
Profile

Celsius Holdings Inc operates as a functional beverage company, primarily focused on providing energy and performance drinks. Their business model revolves around developing, marketing, and distributing these beverages through various retail channels, targeting health-conscious individuals seeking an energy boost.

More about Celsius Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 21,957.096 mill. $ 1,318.014 mill. $ 209.453 mill.


Dupont De Nemours Inc
Share Performance



+2.87%
This Quarter



Dupont De Nemours Inc
Profile

Dupont De Nemours Inc operates as a diversified chemical company. It focuses on developing and producing a wide range of materials and solutions that cater to various industries, including agriculture, electronics, transportation, and healthcare.

More about Dupont De Nemours Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 33,043.500 mill. $ 12,068.000 mill. $ 462.000 mill.


Landec Corporation
Share Performance



0.00%
30 Days



Landec Corporation
Profile

Landec Corporation operates under a business model that focuses on developing and commercializing innovative health and wellness products. By utilizing their proprietary technologies, Landec creates and sells fresh food products and advanced biomaterials to meet consumer needs. Their approach involves strategic partnerships and acquisitions to enhance their product portfolio and expand their market reach.

More about Landec Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 354.530 mill. $ -72.832 mill.


Mannatech Incorporated
Share Performance



+10.42%
Over The Past 5 Days



Mannatech Incorporated
Profile

Mannatech Incorporated's business model revolves around marketing and selling nutritional supplements and personal care products. The company primarily operates through a multi-level marketing (MLM) system, where independent associates are incentivized to recruit, sell products, and build their own network of distributors. Mannatech emphasizes the potential for financial success and personal development within the MLM structure.

More about Mannatech Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16.786 mill. $ 132.967 mill. $ -6.992 mill.


Natural Alternatives International Inc
Share Performance



-2.80%
Over The Past 5 Days



Natural Alternatives International Inc
Profile

Natural Alternatives International Inc is a company that operates in the health and wellness industry. They specialize in developing and manufacturing science-based nutritional supplements and providing contract manufacturing services to clients across the globe.

More about Natural Alternatives International Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 33.112 mill. $ 125.260 mill. $ -4.109 mill.



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