Medifast Inc's Customers Performance
MED
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MED's Source of Revenues |
Medifast Inc's Corporate Customers have recorded an advance in their cost of revenue by 4.34 % in the 4 quarter 2023 year on year, sequentially costs of revenue were trimmed by -12.13 %. During the corresponding time, Medifast Inc revenue deteriorated by -43.13 % year on year, sequentially revenue fell by -18.52 %. While revenue at the Medifast Inc 's corporate clients recorded rose by 2.72 % year on year, sequentially revenue fell by -12.76 %.
• List of MED Customers
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Medifast Inc's Customers have recorded an advance in their cost of revenue by 4.34 % in the 4 quarter 2023 year on year, sequentially costs of revenue were trimmed by -12.13 %, for the same period Medifast Inc revnue deteriorated by -43.13 % year on year, sequentially revnue fell by -18.52 %.
• List of MED Customers
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Customers Net Income fell in Q4 by |
Customers Net margin fell to % |
-45.88 % |
3.34 % |
Medifast Inc's Comment on Sales, Marketing and Customers
Medifast Direct – In the direct-to-consumer channel (“Medifast Direct”),
customers order Medifast product directly through the Company’s website,
www.medifastnow.com or our in-house call center. This business is driven by a
multi-media customer acquisition and retention strategy that includes television,
digital advertising, direct mail, email, public relations, word of mouth referrals,
social media initiatives, and other means as deemed appropriate. The Medifast
Direct division focuses on targeted marketing initiatives to acquire and retain
customers and provides support through its social communities, its in-house call
center, and nutrition support team of registered dietitians to better serve its
customers.
Take Shape For Life® – Take Shape For Life is the personal coaching
division of Medifast. This coaching network consists of independent contractor
health coaches (“Health Coaches”), who are trained to provide coaching
and support to clients utilizing the Take Shape For Life® platform. The role
of the Health Coach is to provide support and personal encouragement to help clients
effectively reach and sustain a healthy weight, and adopt habits for a lifetime
of health. Within our Trilogy of Optimal Health, the Company offers individuals
an opportunity to create sustainable health in all areas of their lives –
building a healthy body, developing a healthy mind, and generating healthy finances.
Health Coaches and their clients follow the principles of the Discover Your Optimal
Health book, Habits of Health book, and Habits of Health companion workbook written
by the NY Times Best-Selling author and Take Shape For Life® co-founder to
create an overall health optimization program. In addition to the encouragement
and support of a Health Coach, clients of Take Shape For Life® are offered
a bio-network of support including product and program information on our website,
weekly support calls, and access to our registered dietitians.
Our Health Coaches provide coaching and support to their clients throughout the
weight-loss and weight-maintenance process. Most new Health Coaches are introduced
to the opportunity by an existing Health Coach. The vast majority of new Health
Coaches started as weight-loss clients of a Health Coach, had success on the Take
Shape For Life® program, and became a Health Coach to help others through
the weight-loss process.
Take Shape For Life® is a member of the Direct Selling Association (the “DSA”),
a national trade association representing over 200 direct selling companies doing
business in the United States. To become a member of the DSA, Take Shape For Life®,
like other active DSA member companies, underwent a comprehensive and rigorous
one-year company review by DSA legal staff that included a detailed analysis of
its company business-plan materials. This review is designed to ensure that a
company’s business practices do not contravene DSA’s Code of Ethics.
In addition to its DSA membership, Take Shape For Life is also a voluntary DSA
Code of Ethics participant, which sets higher standards for ensuring compliance.
Compliance with the requirements of the Code of Ethics is paramount to becoming
and remaining a member in good standing of the DSA. Accordingly, we believe membership
in DSA by Take Shape For Life® demonstrates its commitment to the highest
standards of ethics and a pledge not to engage in any deceptive, unlawful, or
unethical business practices. Among those Code of Ethics proscriptions are pyramid
schemes and endless chain schemes as defined by federal, state, or local laws.
Moreover, Take Shape For Life®, like other DSA member companies in good standing,
has pledged to provide consumers with accurate and truthful information regarding
the price, grade, quality, and performance of the products Take Shape For Life®
markets. In 2015, Take Shape For Life®, and its parent company Medifast®
was ranked in the Direct Selling Association’s North American 50 & Global
100 lists.
Franchise Medifast Weight Control Centers – Franchise Medifast Weight Control
Centers (“MWCC”) offer structured programs and a team of professionals
to help customers achieve weight-loss and weight-management success at center
locations. In 2008, MFSI, a wholly-owned subsidiary of Medifast, began offering
the center model as a franchise opportunity. MFSI currently offers the Medifast
Weight Control Center franchise opportunity in most states under a registered
(where required) franchise disclosure document (“FDD”). The MFSI Franchise
Agreement requires franchisees to develop a minimum of three Medifast Weight Control
Centers within a defined geographic area in the time frame set forth in the Development
Agreement between MFSI and the franchisee. MFSI currently has franchised centers
located in Arizona, California, Louisiana, Minnesota, Maryland, Pennsylvania,
Texas, and Wisconsin.
MFSI currently offers the Medifast Weight Control Center franchise opportunity
in most states under a registered (where required) franchise disclosure document
(“FDD”). The MFSI Franchise Agreement requires franchisees to develop
a minimum of three Medifast Weight Control Centers within a defined geographic
area in the time frame set forth in the Franchise and Development Agreement between
MFSI and the franchisee.
MFSI’s franchise strategy depends on our franchisees’ active involvement
in, and management of, Medifast Weight Control Center operations. Candidates are
reviewed for appropriate operational experience and financial stability, including
specific net worth and liquidity requirements. Upon execution of the Franchise
and Development Agreements, franchisees are required to promptly select sites
for their Centers, each of which are subject to MFSI’s approval.
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Medifast Inc's Comment on Sales, Marketing and Customers
Medifast Direct – In the direct-to-consumer channel (“Medifast Direct”),
customers order Medifast product directly through the Company’s website,
www.medifastnow.com or our in-house call center. This business is driven by a
multi-media customer acquisition and retention strategy that includes television,
digital advertising, direct mail, email, public relations, word of mouth referrals,
social media initiatives, and other means as deemed appropriate. The Medifast
Direct division focuses on targeted marketing initiatives to acquire and retain
customers and provides support through its social communities, its in-house call
center, and nutrition support team of registered dietitians to better serve its
customers.
Take Shape For Life® – Take Shape For Life is the personal coaching
division of Medifast. This coaching network consists of independent contractor
health coaches (“Health Coaches”), who are trained to provide coaching
and support to clients utilizing the Take Shape For Life® platform. The role
of the Health Coach is to provide support and personal encouragement to help clients
effectively reach and sustain a healthy weight, and adopt habits for a lifetime
of health. Within our Trilogy of Optimal Health, the Company offers individuals
an opportunity to create sustainable health in all areas of their lives –
building a healthy body, developing a healthy mind, and generating healthy finances.
Health Coaches and their clients follow the principles of the Discover Your Optimal
Health book, Habits of Health book, and Habits of Health companion workbook written
by the NY Times Best-Selling author and Take Shape For Life® co-founder to
create an overall health optimization program. In addition to the encouragement
and support of a Health Coach, clients of Take Shape For Life® are offered
a bio-network of support including product and program information on our website,
weekly support calls, and access to our registered dietitians.
Our Health Coaches provide coaching and support to their clients throughout the
weight-loss and weight-maintenance process. Most new Health Coaches are introduced
to the opportunity by an existing Health Coach. The vast majority of new Health
Coaches started as weight-loss clients of a Health Coach, had success on the Take
Shape For Life® program, and became a Health Coach to help others through
the weight-loss process.
Take Shape For Life® is a member of the Direct Selling Association (the “DSA”),
a national trade association representing over 200 direct selling companies doing
business in the United States. To become a member of the DSA, Take Shape For Life®,
like other active DSA member companies, underwent a comprehensive and rigorous
one-year company review by DSA legal staff that included a detailed analysis of
its company business-plan materials. This review is designed to ensure that a
company’s business practices do not contravene DSA’s Code of Ethics.
In addition to its DSA membership, Take Shape For Life is also a voluntary DSA
Code of Ethics participant, which sets higher standards for ensuring compliance.
Compliance with the requirements of the Code of Ethics is paramount to becoming
and remaining a member in good standing of the DSA. Accordingly, we believe membership
in DSA by Take Shape For Life® demonstrates its commitment to the highest
standards of ethics and a pledge not to engage in any deceptive, unlawful, or
unethical business practices. Among those Code of Ethics proscriptions are pyramid
schemes and endless chain schemes as defined by federal, state, or local laws.
Moreover, Take Shape For Life®, like other DSA member companies in good standing,
has pledged to provide consumers with accurate and truthful information regarding
the price, grade, quality, and performance of the products Take Shape For Life®
markets. In 2015, Take Shape For Life®, and its parent company Medifast®
was ranked in the Direct Selling Association’s North American 50 & Global
100 lists.
Franchise Medifast Weight Control Centers – Franchise Medifast Weight Control
Centers (“MWCC”) offer structured programs and a team of professionals
to help customers achieve weight-loss and weight-management success at center
locations. In 2008, MFSI, a wholly-owned subsidiary of Medifast, began offering
the center model as a franchise opportunity. MFSI currently offers the Medifast
Weight Control Center franchise opportunity in most states under a registered
(where required) franchise disclosure document (“FDD”). The MFSI Franchise
Agreement requires franchisees to develop a minimum of three Medifast Weight Control
Centers within a defined geographic area in the time frame set forth in the Development
Agreement between MFSI and the franchisee. MFSI currently has franchised centers
located in Arizona, California, Louisiana, Minnesota, Maryland, Pennsylvania,
Texas, and Wisconsin.
MFSI currently offers the Medifast Weight Control Center franchise opportunity
in most states under a registered (where required) franchise disclosure document
(“FDD”). The MFSI Franchise Agreement requires franchisees to develop
a minimum of three Medifast Weight Control Centers within a defined geographic
area in the time frame set forth in the Franchise and Development Agreement between
MFSI and the franchisee.
MFSI’s franchise strategy depends on our franchisees’ active involvement
in, and management of, Medifast Weight Control Center operations. Candidates are
reviewed for appropriate operational experience and financial stability, including
specific net worth and liquidity requirements. Upon execution of the Franchise
and Development Agreements, franchisees are required to promptly select sites
for their Centers, each of which are subject to MFSI’s approval.
MED's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Medifast Inc |
399.95 |
1,071.85 |
99.42 |
425 |
Berkshire Hathaway Inc |
492,047.10 |
349,271.00 |
77,710.00 |
0 |
Boyd Gaming Corp |
6,250.89 |
3,738.49 |
620.02 |
24,300 |
Churchill Downs Inc |
8,921.40 |
2,461.70 |
417.30 |
5,000 |
Chipotle Mexican Grill inc |
76,859.25 |
9,871.65 |
1,228.74 |
97,660 |
Century Casinos Inc |
94.90 |
550.21 |
-18.49 |
2,786 |
Costco Wholesale Corp |
325,355.34 |
248,828.00 |
6,794.00 |
304,000 |
Canterbury Park Holding Corp |
106.62 |
61.44 |
10.56 |
237 |
Caesars Entertainment inc |
8,600.65 |
11,528.00 |
828.00 |
49,000 |
Darden Restaurants Inc |
20,882.70 |
11,013.10 |
1,008.30 |
178,956 |
Greentree Hospitality Group Ltd |
0.00 |
135.82 |
-60.18 |
2,394 |
Hyatt Hotels Corporation |
16,754.34 |
6,667.00 |
220.00 |
164,000 |
Hilton Worldwide Holdings Inc |
53,930.04 |
10,235.00 |
1,151.00 |
142,000 |
Host Hotels and Resorts Inc |
14,693.27 |
5,311.00 |
752.00 |
160 |
H World Group Limited |
121,616.68 |
2,010.00 |
-260.00 |
15,699 |
The Kroger Co |
40,737.75 |
147,797.00 |
1,881.00 |
420,000 |
Las Vegas Sands Corp |
38,621.76 |
10,372.00 |
1,431.00 |
44,700 |
Marriott International Inc |
75,263.96 |
23,713.00 |
3,083.00 |
120,000 |
Mcdonald s corporation |
204,086.36 |
25,493.70 |
8,468.80 |
200,000 |
Monarch Casino and Resort inc |
1,391.41 |
212.15 |
82.45 |
2,300 |
Mgm Resorts International |
15,797.17 |
16,164.25 |
1,314.92 |
59,000 |
Melco Resorts and Entertainment Limited |
10,016.31 |
2,012.36 |
-956.46 |
23,078 |
Noodles and Company |
84.48 |
509.48 |
-3.31 |
0 |
Restaurant Brands International Limited Partnershi |
0.00 |
7,072.00 |
1,708.00 |
6,900 |
Target Corporation |
77,571.30 |
107,412.00 |
4,138.00 |
450,000 |
Walmart Inc |
494,240.55 |
611,289.00 |
11,292.00 |
2,300,000 |
SUBTOTAL |
2,103,924.24 |
1,613,729.34 |
122,840.65 |
4,612,170 |
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