Key Takeaways MED's Q3 revenues are expected to fall 23.9% to $68 million, with a projected loss of 40 cents per share.Growing GLP-1 adoption and a shrinking active coach base likely pressured MED's sales and client acquisition.MED's better client retention, coach training and Catalyst cost-saving efforts might have eased Q3 pressures.
Medifast, Inc. (MED - Free Report) prepares to unveil its third-quarter fiscal 2026 results on Oct. 26, before market open. Investors are eager to see if the company can beat market expectations.
The Zacks Consensus Estimate for revenues is pegged at $68 million, implying a 23.9% decline from the prior year. Meanwhile, the consensus mark for earnings has been unchanged at a loss of 40 cents per share in the past seven days. This indicates a substantial decline from the year-ago period’s loss of 21 cents per share. MED has a trailing four-quarter negative earnings surprise of 462.2%, on average.
Key Factors to Note for MED's Q3 EarningsMedifast is likely to have faced challenges from the growing adoption of GLP-1 medications, which have been reshaping demand across the traditional weight-loss market. The company has previously highlighted that this shift has been affecting client acquisition and coach participation. These industry dynamics, along with continued competition in the weight-management category, might have remained meaningful headwinds in the to-be-reported quarter.
The continued decline in Medifast's active earning coach base might have pressured quarterly revenues. The company has previously indicated that coach numbers are likely to remain under pressure despite improvements in productivity. A smaller coach network might have limited customer reach and sales opportunities, partly offsetting benefits from higher revenue per coach. These factors are likely to have constrained overall business performance in the third quarter.
Profitability is also likely to have remained under pressure due to lower sales volumes and reduced leverage on fixed operating costs. The company has previously noted that declining revenues might have affected its ability to absorb fixed expenses, resulting in gross margin pressure. These factors might have continued to weigh on earnings performance in the quarter, despite ongoing efforts to streamline operations and control expenses.
However, Medifast's strategic initiatives are likely to have provided some support during the quarter. The rollout of its Trilivy brand and new Reset Fuelings, alongside an enhanced coach compensation structure and training platform, might have supported coach engagement and productivity. Meanwhile, improving client retention trends and the company's Catalyst cost-saving program, focused on facility rationalization and AI-related efficiencies, might have helped mitigate some operating pressures.
What the Zacks Model Says About MEDOur proven model doesn’t conclusively predict an earnings beat for Medifast this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Medifast currently has a Zacks Rank #1 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable CombinationHere are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Sysco Corporation (SYY - Free Report) currently has an Earnings ESP of +2.58% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Sysco’s upcoming quarter’s earnings per share is pegged at $1.16, which implies a 0.9% increase year over year. The consensus estimate for Sysco’s quarterly revenues is pegged at $22.19 billion, which indicates a surge of 4.9% from the figure reported in the prior-year quarter. SYY delivered a trailing four-quarter earnings surprise of around 1%, on average.
Freshpet, Inc. (FRPT - Free Report) currently has an Earnings ESP of +1.41% and a Zacks Rank of 3. The Zacks Consensus Estimate for Freshpet’s upcoming quarter’s EPS is pegged at 36 cents, implying a 21.7% decrease from the year-ago period.
The consensus mark for Freshpet’s quarterly revenues is pegged at $309.2 million, which indicates an increase of 7% from the prior-year quarter. FRPT delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Hershey Company (HSY - Free Report) currently has an Earnings ESP of +0.30% and a Zacks Rank of 3. The Zacks Consensus Estimate for Hershey’s upcoming quarter’s EPS is pegged at $2.12 per share, which implies a 63.1% increase year over year.
The consensus estimate for Hershey’s quarterly revenues is pegged at $3.25 billion, which calls for 2.3% growth from the figure reported in the prior-year quarter. HSY delivered a trailing four-quarter earnings surprise of 21.8%, on average.
Myth: Menopause weight gain is inevitable. Truth: Acceleration is not inevitable. Body composition science addresses the underlying shift.Myth: Eating less and moving more is enough in midlife. Truth: Without a structured metabolic framework, weight loss draws from lean tissue alongside fat.Myth: Women should easily be able to achieve weight loss during menopause on their own. Truth: Trilivy™ pairs structured nutrition, independent coaching, and the Habits of Health® Transformational System because sustained metabolic change requires all three working together. Baltimore, MD, Oct. 15, 2026 (GLOBE NEWSWIRE) -- For women going through menopause or perimenopause, hormonal changes shift where and how the body holds fat and muscle, altering what effective weight management looks like. Trilivy™, a science-backed, coach-guided metabolic health system, addresses five common myths the research consistently corrects for women navigating this transition.
"For women in perimenopause and menopause, estrogen decline changes the body in two directions at once, adding visceral fat while taking away lean mass. Both changes require a single framework built to address them together," said Satya Jonnalagadda, PhD, MBA, RD, Vice President, Scientific & Clinical Affairs at Trilivy, who leads the company's scientific and clinical research strategy.
Myth #1: Menopause Weight Gain Is Unavoidable.
Debunked: While estrogen decline naturally promotes visceral fat accumulation and lean muscle loss, these changes are not permanent. Eighty-five percent of American adults believe it is possible to reverse metabolic dysfunction, and the clinical evidence supports this belief.¹
Myth #2: Eating Less and Moving More Is Enough in Midlife.
Debunked: When weight loss is pursued without a structured metabolic framework, the body draws from lean tissue alongside fat, and resting metabolic rate falls. Body composition change is the signal that determines whether an approach is actually working.
Myth #3: Losing Weight In Midlife Means Losing Muscle.
Debunked: Estrogen decline accelerates lean mass loss during perimenopause. However, women can take measures to preserve the lean mass. Lean mass preservation during weight loss is the body composition signature of improving metabolic health.
Myth #4: A Stricter, Faster Program Will Work This Time.
Debunked: The cyclical pattern of following a weight loss plan, seeing early progress, hitting a plateau, experiencing partial regain, and starting a new program next quarter signals that the underlying metabolic dysfunction was not addressed properly.
"Midlife weight gain is a metabolic shift, and the programs that address it as such know the value in pairing body composition science with the human support layer and healthy habits research keeps identifying as the predictive factor," Jonnalagadda said.
Myth #5: Discipline Is Enough. Women Should Be Able to Do This Alone.
Debunked: Ninety-six percent of Americans recognize lifestyle change is essential for weight management, yet only 17% feel confident doing it on their own.² There is a need to bridge this divide with real-time human support.
How Trilivy's Reset 5 & 1 Plan and Metabolic Synchronization® Support Midlife Metabolic Health
Trilivy's Reset 5 & 1 Plan documented 14% visceral fat reduction and 97% to 98% lean mass retention at 16 weeks.* The Burn dimension of Metabolic Synchronization® targets visceral fat specifically, while the Preserve dimension is built to address lean mass and the Protect dimension works to protect muscle.
Trilivy is built as a three-phase progression: Reset, Refine, Renew. It is designed to achieve healthy body composition by reducing visceral fat and protecting lean mass. Participants who worked with a coach lost up to 10 times more weight and 17 times more fat than those in a self-directed control group on the Reset 5 & 1 Plan.* Trilivy pairs its network of independent Trilivy coaches, about 90% of whom started as clients, with the Habits of Health® Transformational System, a framework built around the daily patterns that drive lasting change.
* Trilivy™ recommends that you contact your healthcare provider before starting and throughout your weight loss journey.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019. https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the Reset 5 & 1 Plan experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Reset 5 & 1 Plan with the support of a coach lost up to 10x more weight and 17x more fat than those who tried to lose weight on their own.
¹ KRC Research, Metabolic Health in America Survey, 2025.
² IPSOS research commissioned by Medifast, June 2023.
About Medifast and Trilivy
Medifast (NYSE: MED) is the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-phase metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connection™. For more information, visit trilivyhealth.com and medifastinc.com.
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the metabolic health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy™, will announce financial results for the quarter ended September 30, 2026 on Monday, October 26, 2026, before market open. The Company will host a conference call to discuss the results with additional comments and details. Company participants will be Nick Johnson, Chief Executive Officer, and Jim Maloney, Chief Financial Offic.
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Trilivy's™ mission is lifelong transformation through metabolic science and human connection Baltimore, MD, Oct. 13, 2026 (GLOBE NEWSWIRE) -- When every weight loss approach has failed, individuals wonder what went wrong. The answers reside in the metabolic and behavioral research, specifically in body composition science and the accountability data that explains why human support is important. Trilivy™, a science-backed, coach-guided comprehensive metabolic health system, has built its framework around five questions the research consistently surfaces when repeated weight-management attempts stop producing results.
"The 'tried everything' pattern has a clinical explanation. Each weight loss attempt that depletes lean mass leaves the resting metabolic rate lower than before, and each attempt that ends without a habit framework leaves the behavioral conditions for regain fully intact. Understanding whether a program was designed to address those two conditions or if its only goal was short-term weight reduction can partly explain why regain happens," said Satya Jonnalagadda, PhD, MBA, RD, Vice President, Scientific & Clinical Affairs at Trilivy, who leads the company's scientific and clinical research strategy.
Question 1: Why Does Weight Loss Stop Working Even When I Am Still Following the Plan?
Answer: Weight loss stops working when the body changes how it uses energy during the process. When lean mass is lost alongside fat, resting metabolic rate falls and the body burns fewer calories at rest than it did at the start. For example, the caloric approach that produced results in week two produces fewer results in week eight because the metabolic baseline has shifted. This is the mechanism behind plateaus that can emerge over time regardless of adherence, and it helps explain why the same plan that worked the first time may produce diminishing results on a second attempt. Results may vary from one person to another and from one attempt to the next.
Question 2: Why Do I Always Regain the Weight After Losing It?
Answer: Regain follows a common pattern when several conditions go unaddressed during the weight loss phase: lean mass is depleted, visceral fat is not specifically targeted, quality nutrition is not established, behavior and lifestyle changes are not built into daily routines, and self-monitoring is not sustained once the active program ends.
Question 3: Why Does Weight Loss Get Harder with Every Attempt?
Answer: Weight loss becomes harder with each attempt when the body composition conditions that support it are not protected during the weight loss phase. "The body composition conditions at the start of a weight loss attempt shape what the approach can achieve. When lean mass has been depleted in prior attempts and visceral fat has not been specifically addressed, the metabolic environment is already compromised. Building a framework that accounts for those conditions can support stronger results," said Jonnalagadda.
Question 4: Why Do Apps and Self-directed Plans Stop Working After a Few Months?
Answer: Seventy percent of users discontinued lifestyle behavior and mental health apps within 100 days, according to a published scoping review.¹ The limiting factor is the absence of human support from a coach who can step in when motivation drops and routines are disrupted.
Question 5: What Would a Metabolic Weight Loss Program That Actually Works Look Like?
Answer: Five criteria can help separate a program with a credible evidence base from one built on a marketing claim.
Provides structured, high-quality nutrition, including adequate, high-quality protein to support lean massPublishes peer-reviewed, randomized controlled trial outcomesReported body composition outcomes: visceral fat reduction and lean mass retention, not just total weight lostIncludes a real human support or coaching modelIncludes a behavioral framework designed for the years after the active phase ends, when regain is likely to occur Reframing "I Have Tried Everything"
Each of the five questions above has a body composition answer. What was protected during the weight loss phase and what framework remained once the active program ended are the variables that determine whether results hold.
How Trilivy's Reset 5 & 1 Plan Delivers These Clinical Outcomes
Trilivy's peer-reviewed clinical trial documented a 14% reduction in visceral fat and 98% lean mass retention over 16 weeks on the Reset 5 & 1 Plan, and participants who worked with a coach lost up to 10 times more weight and 17 times more fat than those in a self-directed control group.* Based on the results of the same 16-week clinical study, those who participated in at least 75% of their 23 assigned coaching calls lost more than twice as much weight as those who participated in fewer calls.*
* Trilivy™ recommends that you contact your healthcare provider before starting and throughout your weight loss journey.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019. https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the Reset 5 & 1 Plan experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Reset 5 & 1 Plan with the support of a coach lost up to 10x more weight and 17x more fat than those who tried to lose weight on their own.
¹ Kidman PG, Curtis RG, Watson A, Maher CA. When and why adults abandon lifestyle behavior and mental health mobile apps: scoping review. Journal of Medical Internet Research. 2024;26:e56897. doi: 10.2196/56897.
About Medifast and Trilivy
Medifast (NYSE: MED) is the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-phase metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connection™. For more information, visit trilivyhealth.com and medifastinc.com.
Baltimore, MD, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Weight regain after initial weight loss is a recognized pattern among individuals pursuing lasting metabolic change. Trilivy™, a science-backed, coach-guided metabolic health system, points to lean mass preservation and continued support as the two factors that keep metabolic health and its results in place.
"Body composition is the more meaningful measure of metabolic progress, specifically what happens to visceral fat and lean mass during the weight loss phase. Tracking both together shows whether baseline energy use has actually improved and can be used to support metabolic health after the program ends," said Satya Jonnalagadda, PhD, MBA, RD, Vice President, Scientific & Clinical Affairs at Trilivy, who leads the company's scientific and clinical research strategy.
Lean Mass Keeps the Metabolism Working
Rapid weight loss can draw from lean mass, including muscle, a metabolically active tissue that plays a direct role in how efficiently the body burns energy. Losing it can slow the metabolism and make results harder to sustain. This places body composition at the center of long-term success.
Visceral Fat Reduction Is An Important Body Composition Marker for Lasting Weight Management
Visceral fat, the tissue surrounding the organs that releases inflammatory molecules and hormones affecting insulin sensitivity and cardiovascular risk, is also the fat most likely to return first once a structured program ends.
A Behavior Framework Built for the Years After the First 12 Weeks
Lasting metabolic change depends on habit formation that extends beyond the active phase of any program. A behavioral framework built around repeatable micro-habits gives individuals a way to sustain progress once daily structure and accountability are no longer built into a formal plan.
Human Coaching Is the Behavioral Layer That Holds Results in Place
Human support provides accountability and real-time course correction through the weight loss phase and beyond, addressing the adherence patterns that often determine whether early progress becomes a lasting outcome.
How Trilivy's Reset, Refine, and Renew System Can Help Support Long-Term Metabolic Health
Trilivy pairs structured nutrition from its Trilivy Fuelings and Lean & Green™ meals with a network of independent Trilivy coaches and the Habits of Health® Transformational System. Trilivy's three-phase system includes Reset, which works to reset the body's metabolism and reverse metabolic dysfunction; Refine, which focuses on optimizing metabolic flexibility and body composition; and Renew, which supports long-term metabolic health, vitality and healthspan, designed to carry past the initial phase of a program and into the years that follow. About 90% of Trilivy's independent coaches started as clients, bringing direct personal experience to the support relationship.
Key Facts:
98% of lean mass was retained by individuals on the Reset 5 & 1 Plan at 16 weeks, and 97% on the Reset 4 & 2 Active Plan*14% reduction in visceral fat at 16 weeks on the Reset 5 & 1 Plan*More than 90% of U.S. adults are metabolically unhealthy¹Participants on the Reset 5 & 1 Plan working with a coach lost up to 10 times more weight and 17 times more fat than those on a self-directed approach* FAQs
Question: Will I gain the weight back after a structured program?
Answer: Metabolic outcomes that last depend on what happens to your metabolism during a program. Preserving lean mass keeps the metabolism active, and building habits keeps it supported. Individual results vary.
Question: Does losing muscle slow your metabolism?
Answer: It can. Muscle is metabolically active tissue, so losing it during weight loss can slow the metabolism and make it harder to maintain results.
Question: How do I keep my results for the long term?
Answer: Lasting results come from ongoing metabolic health, not a short-term push toward a goal. Structured habit formation paired with coach accountability helps translate a program's early progress into changes that hold up beyond the initial phase.
Question: Does coaching actually help your results last?
Answer: Yes. Coaching focuses on accountability and the habits that protect metabolic health over time.
* Trilivy™ recommends that you contact your healthcare provider before starting and throughout your weight loss journey.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019. https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the Reset 5 & 1 Plan experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Reset 5 & 1 Plan with the support of a coach lost up to 10x more weight and 17x more fat than those who tried to lose weight on their own.
¹ O’Hearn M, et al. Trends and Disparities in Cardiometabolic Health Among U.S. Adults, 1999-2018. Journal of the American College of Cardiology. 2022;80(2):138-151. doi:10.1016/j.jacc.2022.04.046.
About Medifast and Trilivy
Medifast (NYSE: MED) is the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-phase metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connection™. For more information, visit trilivyhealth.com and medifastinc.com.
Key Takeaways MED's second-quarter revenues fell 27.6% to $76.4 million as active earning coaches declined 48.7%.MED's revenue per active earning coach rose 41% to $6,529, marking a third straight quarter of growth.MED's referral program exceeded expectations as renewed coach enthusiasm supported its new product rollout. Medifast, Inc. (MED - Free Report) continues to see signs of stabilization in its business, with sequential revenue trends holding relatively steady even as the company faces pressure from a declining coach base. At its second-quarter 2026 earnings call, management said revenue has stabilized sequentially in recent quarters, aided by higher coach productivity, while improved client retention trends were another encouraging operating indicator. In the second quarter, the company reported revenues of $76.4 million, down 27.6% year over year, primarily due to a 48.7% decline in active earning coaches to approximately 11,700.
Despite the lower coach count, average revenue per active earning coach increased 41% year over year to $6,529, marking a third consecutive quarter of productivity growth. Management also said that the client referral program continues to exceed expectations as the company launches its new product line and seeks to capitalize on renewed coach enthusiasm. Management highlighted renewed energy across the coach base as coaches engage with clients around the new metabolic health narrative.
This momentum was also evident at the company’s sold-out coach convention in July, which provided a clear indication of strong coach engagement. The strong referral program performance and renewed coach enthusiasm come as the company rolls out the new product line.
Medifast’s near-term outlook follows a period of relative sequential revenue stability but continues to reflect pressure on the coach base. Management anticipates revenues of $60-$80 million in the third quarter of 2026, and they expect the active earning coach count to continue declining in the short term, while coach productivity continues to improve both year over year and sequentially. Overall, improved client retention trends and rising coach productivity are positive operating indicators as Medifast focuses on stabilizing its business.
The Zacks Rundown for MEDThe Zacks Rank #2 (Buy) company's shares have gained 14.4% in the past six months against the industry’s decline of 2.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, MED trades at a forward price-to-sales ratio of 0.47, lower than the industry’s average of 0.73.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MED’s current fiscal year bottom line calls for a year-over-year decline of 26.8%, whereas the same for next fiscal year earnings suggests 54.8% growth year over year.
Image Source: Zacks Investment Research
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Utz Brands, Inc. (UTZ - Free Report) , together with its subsidiaries, markets, sells and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. UTZ currently carries a Zacks Rank 2.
The Zacks Consensus Estimate for UTZ’s current fiscal-year sales implies growth of 3.7%, and the same for earnings implies a decline of 2.4% from the year-ago actuals. UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average.
Baltimore, MD, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Weight comes back after weight loss when the conditions that drove it were never addressed during the weight loss phase. Trilivy™, a science-backed, coach-guided comprehensive metabolic health system, points to five factors research identifies as drivers of weight regain, rooted in body composition and habit infrastructure.
"A weight management program that protects lean mass, reduces visceral fat, and builds habit infrastructure is designed for the years after the active weight loss phase and addresses the conditions that drive regain at the source," said Satya Jonnalagadda, PhD, MBA, RD, Vice President, Scientific & Clinical Affairs at Trilivy, who leads the company's scientific and clinical research strategy.
Five Factors That Drive Weight Regain
#MetricWhat It Says1Slowed MetabolismBody adapts by burning fewer calories; muscle loss reduces calories burned at rest2Hormonal ChangesLeptin drops, ghrelin rises; brain fixates on food3Lack of Human Support / Return to Old HabitsTemporary programs end; old eating and exercise habits return. Among those who sustained outcomes for a year or more on a structured program, self-monitoring and accountability were the most commonly reported weight management factors in a published research survey¹4Set Point TheoryThe body sustains a higher weight and uses physical systems to return to it5Metabolic Adaptation Post-DietEven years after weight loss, the body may burn fewer calories per day than someone at that weight naturally
The conditions that produce weight regain are established during the weight loss phase. Protecting lean mass and reducing visceral fat while a program is active determines whether the metabolic environment supports a durable outcome.
How Trilivy's Metabolic Synchronization® Burn, Preserve, and Protect Framework Addresses Weight Regain
Metabolic Synchronization® targets three drivers of metabolic dysfunction simultaneously: visceral fat reduction, lean mass preservation, and healthy muscle protection through its Burn, Preserve, and Protect framework.
Key Facts:
The Reset 5 & 1 Plan documented 98% lean mass retention at 16 weeks, protecting the tissue that determines resting metabolic rate*The Reset 5 & 1 Plan documented a 14% reduction in visceral fat at 16 weeks* FAQs
Question: What makes a weight loss system effective at minimizing weight regain?
Answer: No single factor minimizes weight regain on its own. Nutrition, physical activity, healthy habits, and the accountability of human coaching work together, alongside lean mass preservation during the weight loss phase, to protect resting metabolic rate and support the habits that help results hold after the program structure is removed.
Question: Why is lean mass important for weight management?
Answer: Lean mass, around which 50% is muscle, is metabolically active tissue that determines how much energy the body burns at rest. Loss of lean mass during a weight loss program lowers resting metabolic rate, reducing the body's caloric demand and creating the conditions for regain. Programs built to preserve lean mass during the weight loss phase protect that metabolic baseline.
Question: What does behavior change science say is needed to reverse the short-term weight loss cycle?
Answer: The short-term weight loss cycle persists when plans end before habits are built. Behavior change research identifies accountability and self-monitoring as the factors that determine whether results hold. A behavioral framework built around micro-habits and designed to operate in the years after the active phase separates temporary results from durable ones.¹
* Trilivy™ recommends that you contact your healthcare provider before starting and throughout your weight loss journey.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019. https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the Reset 5 & 1 Plan experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks.
¹ Coleman CD, Kiel J, LaCalamita C, Frye N, Provelengios L. Healthy habits associated with successful weight loss maintenance on a commercial program: Learnings from a research survey. Food and Nutrition Sciences. 2022;13:453-462. doi: 10.4236/fns.2022.135033.
About Medifast and Trilivy
Medifast (NYSE: MED) is the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-phase metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connection™. For more information, visit trilivyhealth.com and medifastinc.com.
Baltimore, MD, Oct. 01, 2026 (GLOBE NEWSWIRE) -- The signs of poor metabolic health can be difficult to analyze without a clinical framework. Trilivy™, a science-backed, coach-guided metabolic health system, points to five frequently overlooked patterns adults can recognize before noticeable weight and energy fluctuations.
"Few people encounter a working definition of metabolic health before a diagnosis makes it necessary. Until then, progress is often measured by body weight, a number that leaves out visceral fat and lean mass entirely. This reduces an individual's ability to better understand the state of their metabolic health," said Satya Jonnalagadda, PhD, MBA, RD, Vice President of Scientific & Clinical Affairs at Trilivy, a registered dietitian with more than two decades of experience spanning chronic disease management and medical nutrition.
Sign 1: Visceral Fat Is Rising Even When Body Weight Is Stable
Body weight alone is not a reliable indicator of changes in the deeper fat surrounding the organs. Visceral fat releases inflammatory molecules and hormones that affect insulin sensitivity and cardiovascular risk, which is why waist circumference is often a more useful early indicator than total body weight alone.
Sign 2: Lean Mass Loss Alongside Any Attempted Weight Loss
Without a framework designed to preserve lean mass during weight loss, body composition changes may affect how the metabolism functions over time, a factor that structured programs are specifically designed to address.
Sign 3: Energy Has Shifted Into Post-meal Crashes and Afternoon Slumps
Healthy metabolic function produces steady energy across the day. When insulin sensitivity and meal timing fall out of sync, energy becomes erratic, leading to sharper post-meal crashes and late-afternoon fatigue.
Sign 4: Weight Regain and Return to Old Habits
The cyclical pattern of structured plan, early progress, plateau, partial regain, and a new program next quarter is one of the signs of poor metabolic health hiding in plain sight. It signals that the underlying dysfunction was not addressed, only its most visible sign.
Sign 5: Doing Everything "Right" Has Stopped Producing Change
In the U.S., 80% of adults lack an understanding of how metabolic health affects their overall well-being.¹ Without a framework built around small, repeatable habits across daily life, willpower alone often isn't enough to sustain change, since the underlying patterns driving metabolic dysfunction go unaddressed.
How Trilivy's Metabolic Synchronization® and MetaVantage Reset Formula Target These Signs
Trilivy is built around Metabolic Synchronization®, a clinical framework that targets visceral fat reduction while protecting lean mass, pairing structured nutrition with independent Trilivy coaches and the Habits of Health® Transformational System. The system organizes healthy behaviors into six areas: Healthy Weight, Healthy Eating and Hydration, Healthy Movement, Healthy Sleep, Healthy Mind, and Healthy Surroundings. These habits work to build change through small, repeatable micro-habits practiced within each, paired with independent coach support designed to sustain progress beyond the initial plan.
Trilivy's proprietary MetaVantage Reset Formula combines clinically studied, heat-treated postbiotic Bifidobacterium lactis CECT 8145, which helps support reduced waist circumference*, with choline for normal lipid/fat metabolism support, and chromium picolinate to help maintain healthy insulin function.
*Pedret, A., R.M. Valls, L. Calderon-Perez, et al. Effects of daily consumption of the probiotic Bifidobacterium animalis subsp. lactis CECT 8145 on anthropometric adiposity biomarkers in abdominally obese subjects: a randomized controlled trial. Int J Obes (Lond). 2019;43(9):1863- 1868. doi: 10.1038/s41366-018-0220-0.
Key Facts:
A peer-reviewed trial of the Reset 5 & 1 Plan documented a 14% reduction in visceral fat and 98% of lean mass retained at 16 weeks* "The six areas targeted by the Habits of Health® system reflect just how much metabolic outcomes depend on daily life outside the plate. Micro-habits built into each of these areas, paired with coach support, carry individuals from an initial reset into a lasting shift surrounding how the body regulates weight and energy," Jonnalagadda said.
FAQs
Question: What are the signs of poor metabolic health?
Answer: Poor metabolic health often surfaces as excess weight, low energy, and shifts in body composition not captured by body weight alone. Because visceral fat and lean mass changes happen internally, they may go unnoticed until symptoms like fatigue, slower recovery, or plateaued progress make the underlying dysfunction more visible.
Question: Can metabolic dysfunction be reversed?
Answer: Reversal is possible when structured nutrition, consistent habit formation, and coach support work together to restore balance between energy use, fat burn, and muscle preservation. Individual results vary.
Question: Does body weight alone tell you if you are metabolically healthy?
Answer: No. Body weight does not separate visceral fat from lean mass. In a 16-week clinical trial, individuals on the Reset 5 & 1 Plan retained 98% of lean mass and reduced visceral fat 14%. These results were not captured by weight alone.*
* Trilivy™ recommends that you contact your healthcare provider before starting and throughout your weight loss journey.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019. https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the Reset 5 & 1 Plan experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks.
¹ KRC Research, Metabolic Health in America Survey, 2025.
About Medifast and Trilivy
Medifast (NYSE: MED) is the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-phase metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connection™. For more information, visit trilivyhealth.com and medifastinc.com.
Trilivy™ is designed to address the challenges of metabolic dysfunctionClients on Trilivy's Reset 5 & 1 Plan who work with a coach lose up to 10 times more weight and 17 times more fat compared to self-directed approaches* Baltimore, MD, Sept. 29, 2026 (GLOBE NEWSWIRE) -- A weight loss plateau is one of the most common reasons people abandon a structured weight loss effort altogether. The body stops losing weight when metabolic dysfunction interferes with the fat-burning process, and without a framework built to identify what's happening beneath the surface, a stall can look like failure rather than a solvable metabolic pattern. Trilivy™, a science-backed, coach-guided comprehensive metabolic health system, points to five metabolic and behavioral factors behind why plateaus happen and why they tend to compound with each subsequent attempt.
"Body composition research points to a consistent pattern: when lean mass isn’t protected during weight loss, resting metabolic rate can be affected. Repeated cycles of weight loss may compound those changes, which is why body composition should be addressed from the first week," said Satya Jonnalagadda, PhD, MBA, RD, Vice President, Scientific & Clinical Affairs at Trilivy, who leads the company's scientific and clinical research strategy.
A Weight Loss Plateau Reflects a Metabolic Problem
Five reasons weight loss plateaus occur are highlighted below.
1. Lean Mass Is Lost Alongside Fat, Lowering the Metabolic Rate
When weight loss happens without a structured nutrition (protein) and lifestyle framework, the body breaks down lean tissue as well as fat to meet its energy needs. Lean mass, around 50% of which is muscle, makes up the body's non-fat composition and it is metabolically active. As it declines, so does resting metabolic rate, which is the number of calories the body burns at rest. Protecting lean mass prevents the metabolic rate suppression that makes later progress more challenging.
2. Visceral Fat Disrupts the Metabolic Environment
Visceral fat is a metabolically active tissue that releases inflammatory molecules and hormones affecting insulin sensitivity and energy regulation. As visceral fat accumulates, it changes the way the metabolism works, making the body progressively more insulin resistant and less efficient at burning fat for fuel. This determines whether the metabolic environment supports continued fat loss.
3. A Weight Loss Plateau in the First Four Weeks Predicts the Long-term Outcome
How a person responds in the first four weeks of a weight loss program is a strong predictor of the final outcome. A secondary data analysis found that what happens in the first four weeks of a weight loss program predicts the final outcome, and individuals who stall early need additional support rather than an entirely new protocol.¹ A plateau acts as a signal, and the presence of a coach can help catch this signal early on to redirect it.
4. No Accountability Layer Means No Behavioral Correction at the Plateau
Without a structured accountability layer, there is no mechanism to catch a stall early or correct course before it takes hold. The presence of one-on-one support gives an individual a way to identify the pattern behind a plateau and stay engaged through the period when adherence typically breaks down, rather than abandoning the effort altogether.
5. Body Composition Is the Signal That Matters During a Metabolic Reset
Body composition, specifically a reduction in visceral fat levels and lean mass retention, reflects what is biologically changing in the metabolic environment. Individuals may not see external progress even while visceral fat is actively being reduced, and without body composition data, that stall can read as failure.
How Trilivy's Metabolic Synchronization® Addresses Weight Loss Plateaus
Trilivy is built around Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through targeted metabolic reset.
Key Facts:
14% reduction in visceral fat and 98% of lean mass retained at 16 weeks among individuals on the Trilivy Reset 5 & 1 Plan*Coach-supported participants lost up to 10 times more weight and 17 times more fat than those following the same plan without a coach* The metabolic variables that drive a plateau, including visceral fat accumulation, lean mass loss, and suppressed resting metabolic rate, respond to structured intervention. A plan that measures and protects those variables creates the conditions for progress beyond the stall.
FAQs
Question: What does a metabolic reset involve in a weight loss program?
Answer: A metabolic reset targets the body composition variables that drive weight loss stalls, specifically visceral fat reduction and lean mass preservation. Programs built around this framework adjust resting metabolic rate by protecting lean tissue during the fat loss phase, rather than allowing muscle depletion to suppress metabolism further.
Question: What makes a weight loss program effective for someone who has already hit a plateau?
Answer: Plateau-specific effectiveness requires addressing the metabolic conditions that caused the stall. Tracking visceral fat and lean mass retention alongside body weight can identify whether metabolic progress is continuing even when external changes are difficult to see. But lasting progress also depends on the habits that support metabolic health: consistent nutrition, movement, sleep, and other healthy routines. Community and human connection can help reinforce those habits. Together, these factors can help inform the next intervention step.
Question: What does a weight loss program need to include to help someone keep weight off long-term?
Answer: Long-term weight management requires protecting lean mass during the weight loss phase, since lean tissue supports resting metabolic rate after the deficit ends. Look for programs that pair structured nutrition with one-on-one behavioral accountability since the behavioral layer addresses the adherence patterns that determine whether results last beyond the active program. A combination of nutrition, lifestyle and behavior modifications, and exercise can contribute to weight management.
Trilivy™ recommends that you contact your healthcare provider before starting and throughout your weight loss journey.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019. https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the Reset 5 & 1 Plan experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Reset 5 & 1 Plan with the support of a coach lost up to 10x more weight and 17x more fat than those who tried to lose weight on their own.
¹ Coleman CD, Guarneiri LL, Kiel JR, et al. Importance of early weight loss and other predictors of lower weight loss in a commercial program: a secondary data analysis. Obesity Science and Practice. 2024;10(1):e724. doi: 10.1002/osp4.724.
About Medifast and Trilivy
Medifast (NYSE: MED) is the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-phase metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connection™. For more information, visit trilivyhealth.com and medifastinc.com.
Key Takeaways MED's 3.0 strategy shifts its focus from weight loss toward a comprehensive metabolic health system.The Catalyst program targets facility rationalization, AI efficiencies and other cost savings in 2026.MED aims to return to profitability by the fourth quarter of 2026 while pursuing revenue growth. Medifast, Inc.’s (MED - Free Report) 3.0 strategy represents its most significant strategic shift since the launch of OPTAVIA in 2017, moving the company beyond its traditional weight-loss positioning toward a comprehensive metabolic health system under its new consumer brand, Trilivy. The strategy is built around a 10-year roadmap aimed at expanding the company’s offering to coaches and clients within a comprehensive metabolic health system. At the same time, Medifast plans to broaden its geographic and demographic footprints, positioning 3.0 as a long-term strategic shift for the company.
Medifast’s 3.0 organization is centered on four core characteristics: speed, simplicity, scale, and stewardship. The company is emphasizing the need to move quickly to capture the opportunity in metabolic health while simultaneously working to return the business to profitability. This focus on speed is reflected in the launch of a series of new initiatives, alongside an emphasis on maintaining a sustainable pace of execution. Management is also looking for ways to do more with less as it executes the 3.0 strategy.
To accelerate its path back to profitability, the company launched its Catalyst program, with the majority of execution expected in the third quarter of 2026, to drive additional cost savings across the business. The program focuses on facility rationalization, AI-related efficiencies, and other cost-saving measures while ensuring that the company’s ability to grow is not negatively impacted.
Management is simultaneously working to improve profitability by pursuing revenue growth initiatives and eliminating costs across the business. The near-term objective is to return to profitability by the fourth quarter of 2026, with management believing it remains on track to achieve this goal. Overall, Medifast’s renewed strategic direction is intended to broaden its opportunity in metabolic health, while improving cost efficiency and positioning the business for a return to profitability.
The Zacks Rundown for MEDThe Zacks Rank #2 (Buy) company's shares have gained 17.5% in the past six months against the industry’s decline of 1.3%.
Image Source: Zacks Investment Research
From a valuation standpoint, MED trades at a forward price-to-sales ratio of 0.50, lower than the industry’s average of 0.82.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MED’s current fiscal year bottom line calls for a year-over-year decline of 26.8%, whereas the same for next fiscal year earnings suggests 54.8% growth year over year.
Image Source: Zacks Investment Research
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The Chef’s Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. CHEF currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CHEF’s current fiscal-year sales and earnings indicates growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Darling Ingredients Inc. (DAR - Free Report) develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. DAR currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for DAR’s current fiscal-year sales and earnings implies growth of 11.5% and 926.5%, respectively, from the year-ago actuals. DAR delivered a trailing four-quarter negative earnings surprise of 38.9%, on average.
Utz Brands, Inc. (UTZ - Free Report) , together with its subsidiaries, markets, sells and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. UTZ currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for UTZ’s current fiscal-year sales implies growth of 3.7%, and the same for earnings implies a decline of 2.4%, from the year-ago actuals. UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average.
A month has gone by since the last earnings report for Medifast (MED - Free Report) . Shares have lost about 7.6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Medifast due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Medifast Q2 Loss Narrower Than Expected, Coach Productivity ImprovesMedifast reported second-quarter 2026 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics declined year over year.
Medifast's Quarterly Performance: Key InsightsThe company posted a loss per share of 28 cents, narrower than the Zacks Consensus Estimate of a loss of 67 cents per share. The company posted earnings of 22 cents per share in the prior-year period.
Revenues declined 27.6% year over year to $76.4 million from $105.6 million, slightly exceeding the Zacks Consensus Estimate of $76 million. Higher revenues generated by each active earning coach reflected continued improvements in coach productivity despite a smaller coach network.
Medifast ended the quarter with approximately 11,700 active earning coaches, down 48.7% from 22,800 a year earlier. Management said that the decline in coaches remained the primary factor behind the year-over-year revenue decrease. The company noted that slower client acquisition continues to reflect broader industry pressures, including the rapid adoption of GLP-1 weight-loss medications.
Average revenue per active earning coach increased 41% year over year to $6,529 from $4,630, marking the third consecutive quarter of productivity improvement. Management continues to view stronger coach productivity as an early indicator of future business improvement, noting that historically it has been followed by higher client acquisition, coach growth and revenue expansion.
Medifast's Margin & Cost PerformanceGross profit fell 30.3% year over year to $53.4 million from $76.6 million, due to lower sales volumes. Gross margin contracted 270 basis points to 69.9% from 72.6%, primarily due to reduced leverage on fixed costs.
Selling, general and administrative expenses were $57.7 million, declining 25.7% year over year from $77.7 million. The decrease reflected $12.6 million of lower coach compensation, $2.3 million of reduced employee salary and benefit expenses and $2 million of lower company-led marketing costs. SG&A expenses represented 75.6% of revenues, up 200 basis points from 73.6% a year ago. The increase primarily reflected fixed-cost deleverage and expenses associated with the Trilivy Reset product launch, partly offset by lower marketing spending.
The operating loss widened to $4.3 million from $1.1 million in the year-ago quarter.
MED's Other Financial InformationMedifast ended June 2026 with $169.8 million in cash, cash equivalents and investment securities compared with $167.3 million at Dec. 31, 2025. The company remained debt-free.
Sneak Peek Into MED's Future OutlookFor the third quarter of fiscal 2026, Medifast expects revenues of $60-$80 million and a loss of 15-65 cents per share, excluding one-time costs related to the Catalyst cost-savings program.
Management expects the active earning coach count to continue declining in the near term but anticipates further improvement in coach productivity on both a year-over-year and sequential basis during the third quarter.
For fiscal 2026, Medifast reaffirmed its revenue outlook of $270-$300 million and now expects a loss in the range of 25 cents to $1.75 per share compared with the previous guidance of a loss of $1.55-$2.75 per share.
The company continues to expect progress toward returning to profitability beginning in the fourth quarter of 2026 following the launch of its new product line, with further earnings improvement targeted through 2027 and beyond. Management also expects working capital to exceed $145 million by year-end.
The company noted that its Catalyst program is expected to generate savings through facility rationalization, AI-related efficiencies and other operational initiatives.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
The consensus estimate has shifted 33.33% due to these changes.
VGM ScoresAt this time, Medifast has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. It comes with little surprise Medifast has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerMedifast is part of the Zacks Food - Miscellaneous industry. Over the past month, Chefs' Warehouse (CHEF - Free Report) , a stock from the same industry, has gained 5%. The company reported its results for the quarter ended June 2026 more than a month ago.
Chefs' Warehouse reported revenues of $1.17 billion in the last reported quarter, representing a year-over-year change of +12.9%. EPS of $0.78 for the same period compares with $0.52 a year ago.
Chefs' Warehouse is expected to post earnings of $0.61 per share for the current quarter, representing a year-over-year change of +22%. Over the last 30 days, the Zacks Consensus Estimate has changed +11.7%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #1 (Strong Buy) for Chefs' Warehouse. Also, the stock has a VGM Score of C.
Medifast (MED - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Medifast basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Medifast, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for MedifastThis weight-loss company is expected to earn -$1.04 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Medifast. Over the past three months, the Zacks Consensus Estimate for the company has increased 47.2%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Medifast to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Key Takeaways MED launched Trilivy as the first step in its biggest strategic shift since OPTAVIA in 2017.MED's 10-year roadmap expands metabolic-health offerings for coaches and clients across markets.MED supports clients using GLP-1s, transitioning off them or pursuing non-drug approaches. Medifast, Inc. (MED - Free Report) is advancing its strategic transition toward metabolic health, with management expecting positive trends to continue through the remainder of the year. The launch of its new consumer brand, Trilivy, marks the first step in the company’s 3.0 strategy, which management describes as its biggest strategic shift since the launch of OPTAVIA in 2017.
The strategy is supported by a 10-year roadmap focused on expanding the company’s offering to coaches and clients through a comprehensive metabolic health system, while also broadening its geographic and demographic reach.
The company has made substantial progress in advancing its strategic transformation, including the launch of a new brand, a new scientific institute, an enhanced coach compensation structure and a standardized training system for coaches. Medifast sees a significant opportunity in metabolic health, with more than 90% of U.S. adults and 1.5 billion adults worldwide considered metabolically unhealthy. Furthermore, growing GLP-1 adoption has greatly increased public focus on body composition and muscle preservation.
The company is broadening its metabolic health offering while continuing to engage the GLP-1 market and beyond through its coach-led model, backed by more than 45 years of clinical and scientific heritage. Medifast’s coach-guided system addresses these specific needs by supporting clients whether they are on GLP-1 medications, transitioning off them or pursuing non-drug pathways. Its programs emphasize targeted fat loss while preserving lean mass. The company also launched the Medifast Metabolic Health Institute in July to advance metabolic health through rigorous research and evidence-based education.
Overall, Medifast’s shift toward metabolic health could open new avenues for growth as GLP-1 adoption reshapes weight management. Successful execution, however, will be crucial for translating its scientific capabilities into sustainable commercial returns.
The Zacks Rundown for MEDThe Zacks Rank #2 (Buy) company's shares have gained 15.5% in the past six months against the industry’s decline of 3.6%.
Image Source: Zacks Investment Research
From a valuation standpoint, MED trades at a forward price-to-sales ratio of 0.51, lower than the industry’s average of 0.84.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MED’s current fiscal year bottom line calls for a year-over-year decline of 140.2%, whereas the same for next fiscal year earnings suggests 4.1% growth year over year.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:
The Chef’s Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. CHEF currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CHEF’s current fiscal-year sales and earnings indicates growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Darling Ingredients Inc. (DAR - Free Report) develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. DAR currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for DAR’s current fiscal-year sales and earnings implies growth of 12.8% and 926.5%, respectively, from the year-ago actuals. DAR delivered a trailing four-quarter negative earnings surprise of 38.9%, on average.
Utz Brands, Inc. (UTZ - Free Report) , together with its subsidiaries, markets, sells and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. UTZ currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for UTZ’s current fiscal-year sales implies growth of 3.7%, and the same for earnings implies a decline of 2.4%, from the year-ago actuals. UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average.
Backed by 45 years of Medifast clinical research, the institute elevates metabolic health as a cornerstone of well-being
BALTIMORE--(BUSINESS WIRE)--Medifast, Inc. (NYSE: MED) has announced the launch of the Medifast Metabolic Health Institute, established to advance metabolic health through rigorous research and credible, evidence-based education.
The institute brings Medifast’s clinical research, scientific expertise, and educational resources under a single body, solidifying the company’s position in the metabolic health space. It follows the July launch of Trilivy™, which replaced OPTAVIA® as the company’s consumer brand and better reflects the company’s evolved focus on metabolic health.
With metabolic dysfunction reaching critical levels in the United States1, the institute’s work is rooted in the belief that everyone deserves access to the science, education, tools, and support necessary to achieve optimal metabolic health.
“Metabolic dysfunction is one of the defining health challenges of our generation, and most people still do not know what metabolic health means or how to improve it,” said Nick Johnson, Chief Executive Officer of Medifast. “We have spent 45 years building our expertise, and the institute brings that work together in one place. Turning that science into education people can act on is how we earn the right to be a trusted authority in metabolic health.”
Medifast’s research foundation has more than 100 peer-reviewed presentations and publications, including more than 40 peer-reviewed scientific journal publications, as well as 18 randomized controlled trials, and more than 30 scientific research studies and analyses. That work underpins Metabolic Synchronization®, the science behind Trilivy’s comprehensive metabolic health system™, and forms the evidence base the institute will continue to build — strengthening the substantiation behind that system and Medifast’s standing as a trusted authority in an emerging field.
The institute’s work is guided by MMHI™ Distinguished Fellow, Dr. Wayne Scott Andersen, and the Medifast Scientific Advisory Board — first formed in 2008 and composed of internationally recognized experts in medical care, education, nutrition, exercise and biobehavioral science, body composition, metabolism, and digital health. Day-to-day work is led by the company’s Scientific & Clinical Affairs team of registered dietitians, scientists, and health educators — the institute’s engine for research, innovation, and education — alongside a Research & Development team that bridges scientific discovery and real-world application.
As part of the company’s commitment to advancing nutrition and metabolic health through research, Medifast’s Scientific & Clinical Affairs team recently attended the annual American Society for Nutrition conference to present four research posters from MMHI, highlighting emerging research on obesity, metabolic health, healthy aging, and nutrition.
“For decades, Medifast has invested in clinical research and scientific excellence. The Medifast Metabolic Health Institute builds on that foundation by creating a centralized hub for credible, evidence-based research and educational resources,” said Satya Jonnalagadda, PhD, MBA, RDN, Vice President of Scientific & Clinical Affairs at Medifast. “As the understanding of metabolic health continues to evolve, we are committed to helping bridge the gap between scientific discovery and practical application, empowering people with the knowledge needed to support meaningful health transformation.”
The institute also sets the scientific and educational standards for Trilivy’s Coach Certification. Developed by Medifast’s internal team of experts and anchored in rigorous, evidence-based research, the certification ensures that every independent Trilivy coach is equipped with the foundational knowledge essential for driving optimal metabolic health transformation. Completed annually, it reflects a commitment to professional credibility and integrity and a shared mission to provide the highest level of support to clients.
About Medifast and Trilivy
Medifast (NYSE: MED) is the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-phase metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connection™. For more information, visit trilivyhealth.com and medifastinc.com.
1O’Hearn M, et al. Trends and Disparities in Cardiometabolic Health Among U.S. Adults, 1999-2018. J Am Coll Cardiol. 2022;80(2):138-151. doi:10.1016/j.jacc.2022.04.046
Murphy SL, Kochanek KD, Xu JQ, Arias E. Mortality in the United States, 2023. NCHS Data Brief, no 521. Hyattsville, MD: National Center for Health Statistics. 2024. doi:10.15620/cdc/170564.
Great Lakes Advisors LLC purchased a new position in shares of Medifast Inc (NYSE:MED – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 51,611 shares of the specialty retailer’s stock, valued at approximately $548,000. Great Lakes Advisors LLC owned approximately 0.46% of Medifast as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Medifast by 103.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,338 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 1,187 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Medifast during the 3rd quarter worth $37,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Medifast during the fourth quarter worth $47,000. State of Wyoming purchased a new stake in shares of Medifast during the fourth quarter worth $59,000. Finally, Strs Ohio purchased a new stake in shares of Medifast during the first quarter worth $78,000. 95.51% of the stock is owned by institutional investors and hedge funds.
Medifast Stock Performance NYSE:MED opened at $12.00 on Monday. Medifast Inc has a one year low of $9.22 and a one year high of $14.67. The stock has a market cap of $134.16 million, a PE ratio of -5.15 and a beta of 0.65. The stock has a 50 day moving average price of $10.92 and a 200 day moving average price of $11.06.
Medifast (NYSE:MED – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The specialty retailer reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.37. The firm had revenue of $76.38 million for the quarter, compared to the consensus estimate of $72.70 million. Medifast had a negative return on equity of 6.69% and a negative net margin of 8.08%.Medifast has set its FY 2026 guidance at -1.750–0.250 EPS and its Q3 2026 guidance at -0.650–0.150 EPS. As a group, analysts predict that Medifast Inc will post -1 earnings per share for the current fiscal year. Insider Activity In related news, Director Parsa Kiai bought 43,150 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $11.60 per share, with a total value of $500,540.00. Following the purchase, the director directly owned 661,306 shares of the company’s stock, valued at $7,671,149.60. The trade was a 6.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth MED has been the topic of several research reports. Zacks Research downgraded shares of Medifast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Medifast from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $12.00.
View Our Latest Research Report on MED
Medifast Profile (Free Report)
Medifast, Inc (NYSE: MED) is a health and wellness company specializing in clinically supported weight-loss, weight-management and healthy living products and services. Through its OPTAVIA brand, the company offers a range of meal replacement products, snacks, supplements and coaching programs designed to support metabolic health and sustainable lifestyle changes. Medifast markets its products directly to consumers via a network of independent distributors—known as OPTAVIA Coaches—who provide personalized guidance and support throughout the client’s weight‐loss journey.
Founded in 1980 by William Vitale and headquartered in Baltimore, Maryland, Medifast has grown into a nationally recognized provider of nutrition and weight‐management solutions.
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Key Takeaways MED's enhanced compensation plan prioritizes Executive Director development and stronger field performance.Active earning coaches fell 48.7% to about 11,700 amid rapid GLP-1 adoption in traditional weight loss.Average revenue per active earning coach rose 41% to $6,529, signaling improved coach productivity. Medifast, Inc.’s (MED - Free Report) has made substantial progress by advancing several key initiatives across the business. These include the introduction of an enhanced compensation plan designed to strengthen the company’s focus on developing and expanding its network of Executive Directors, which management identifies as the single greatest driver of sustainable business growth.
The new structure was informed by the success of the EDGE program and is intended to encourage stronger leadership development across the field. By prioritizing the development of Executive Directors, the company aims to build stronger leadership capabilities and support healthier field performance. The impact of the EDGE program is reflected in the company’s field leadership progress, with the percentage of active earning coaches at the Executive Director level or above remaining above the 10% benchmark for a healthy and scalable organization.
The company ended the second quarter of 2026 with approximately 11,700 active earning coaches, down 48.7% year over year, reflecting the continued impact of rapid GLP-1 medication adoption across the traditional weight loss category. In response, MED is reshaping its coach leadership structure by deprioritizing less productive coaches and developing a network of high-performing Executive Director organizations.
Despite the decline in coach numbers, average revenue per active earning coach increased 41% to $6,529, indicating improving coach productivity both year over year and sequentially.
Overall, if the new compensation plan successfully builds a stronger base of Executive Directors and sustains the recent improvement in coach productivity, it could support coach growth over time and, in turn, help Medifast drive revenue growth.
The Zacks Rundown for MEDThe company's shares have gained 9.6% in the past six months against the industry’s decline of 2.9%.
Image Source: Zacks Investment Research
From a valuation standpoint, MED trades at a forward price-to-sales ratio of 0.48, lower than the industry’s average of 0.83. MED currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MED’s current fiscal year earnings implies a year-over-year decline of 140.2%, whereas the same for next fiscal year earnings implies 4.1% growth year over year.
Image Source: Zacks Investment Research
Stocks to ConsiderSome better-ranked stocks have been discussed below:
Darling Ingredients Inc. (DAR - Free Report) develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. DAR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DAR’s current fiscal-year sales and earnings implies growth of 12.8% and 926.5%, respectively, from the year-ago actuals. DAR delivered a trailing four-quarter negative earnings surprise of 38.9%, on average.
The Chef’s Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. CHEF currently carries a Zacks Rank #1.
The Zacks Consensus Estimate for CHEF’s current fiscal-year sales and earnings indicates growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Bunzl plc (BZLFY - Free Report) , together with its subsidiaries, markets, sells and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. BZLFY currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for BZLFY’ current fiscal-year sales and earnings implies growth of 6.9% and 4.2%, respectively, from the year-ago actuals.
Key Takeaways MED's revenues stabilized at $76.4 million in the second quarter of 2026 as coach productivity rose.MED's revenue per active earning coach rose 41% year over year to $6,529.Medifast expects further productivity gains and is targeting a return to profitability in Q4 2026. Medifast, Inc.’s (MED - Free Report) revenues have stabilized sequentially over recent quarters, supported by higher coach productivity, which increased for the third consecutive time in the second quarter of fiscal 2026. The company views coach productivity as an important metric because positive trends in this area have historically preceded revenue and profitability growth. In the second quarter of fiscal 2026, revenues reached $76.4 million, in line with the guidance provided in May.
Although the number of active earning coaches continues to decline, active earning coach productivity has shown meaningful improvement, increasing 41% year over year. Revenue per active earning coach reached its highest level since the second quarter of 2022, at $6,529 for the second quarter, highlighting the continued improvement in productivity. The company expects this trend to continue through 2026, with management also forecasting further year-over-year and sequential productivity growth in the third quarter.
The improvement is also reflected in the growing percentage of active earning coaches reaching the executive director rank or above. Management said that this percentage continues to climb and remains above its 10% benchmark for a healthy, scalable field organization, as the field embraces the company's strategic transition toward metabolic health. Continued improvement in coach productivity and the development of higher-producing executive directors remain important parts of the company's strategy.
At its last earnings call, Medifast highlighted that stronger coach productivity and improved client retention are providing encouraging signs of stabilization across the business. These improvements are consistent with management's view that key operating indicators are starting to turn more positive, while the company expects continued productivity improvement as it works toward a return to profitability in the fourth quarter of 2026.
The Zacks Rundown for MEDThe company's shares have gained 8.2% in the past six months against the industry’s decline of 8.4%. MED currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
From a valuation standpoint, MED trades at a forward price-to-sales ratio of 0.48, lower than the industry’s average of 0.80.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MED’s current fiscal year earnings implies a year-over-year decline of 140.2%, and the same for next fiscal year earnings implies 4.1% growth year over year.
Image Source: Zacks Investment Research
Stocks to ConsiderSome better-ranked stocks have been discussed below:
Darling Ingredients Inc. (DAR - Free Report) develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. DAR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DAR’s current fiscal-year sales and earnings implies growth of 12.8% and 926.5%, respectively, from the year-ago actuals. DAR delivered a trailing four-quarter negative earnings surprise of 38.9%, on average.
The Chef’s Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. CHEF currently carries a Zacks Rank #1.
The Zacks Consensus Estimate for CHEF’s current fiscal-year sales and earnings indicates growth of 10.8 and 24.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
US Foods Holding Corporation (USFD - Free Report) , together with its subsidiaries, markets, sells and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for US Foods’ current fiscal-year sales and earnings implies growth of 5.1% and 16.3%, respectively, from the year-ago actuals. USFD delivered a trailing four-quarter earnings surprise of 1.5%, on average.
Key Takeaways MED targets a Q4 return to profitability as Trilivy and cost cuts support its turnaround.Medifast's coach productivity rose 41%, but the active coach base continues to shrink.MED expects Q3 losses before targeting profitability in Q4, making execution on Trilivy critical. Medifast, Inc. (MED - Free Report) is entering a decisive phase of its turnaround as the Trilivy metabolic-health platform rolls out alongside another round of cost reductions. Management expects progress toward profitability to begin in the fourth quarter of 2026.
The near-term setup remains demanding. Revenues are still well below year-ago levels and the active coach base continues to shrink, leaving the Q4 target dependent on cost execution, steadier sales and better productivity.
MED's Q2 Beat Offers an Early Turnaround SignalSecond-quarter 2026 revenues fell 27.6% year over year to $76.4 million but edged above the Zacks Consensus Estimate of $76 million. The company posted a loss of 28 cents per share, narrower than the consensus loss of 67 cents.
Operating indicators offered some encouragement. Revenue per active earning coach rose 41% year over year to $6,529 and improved for a third consecutive quarter. Management views higher coach productivity as an early indicator because it has historically preceded client acquisition, coach growth and revenue expansion.
Medifast Is Repositioning Around TrilivyTrilivy succeeds OPTAVIA as Medifast's primary consumer brand and expands the company's focus from traditional weight loss to broader metabolic health. The system is organized around Reset, Refine and Renew phases and is designed to support clients using GLP-1 medications, transitioning off them or pursuing non-medication approaches.
For peer context, investors evaluating Medifast can also look at Mama's Creations, Inc. (MAMA - Free Report) and US Foods Holding Corp. (USFD - Free Report) . MED's investment case, however, remains centered on whether Trilivy, improving coach productivity and Catalyst-led savings can stabilize revenues and restore profitability.
MED's Catalyst Program Targets More Cost SavingsThe Catalyst program is designed to generate millions of dollars in additional savings through facility rationalization, artificial-intelligence-related efficiencies and broader business simplification. These initiatives build on more than $30 million of previously identified cost savings.
Management has not yet quantified the new savings target, but expects to provide more detail with third-quarter results. The objective is to remove costs without impairing revenue growth, making Catalyst an important part of the company's effort to improve profitability while continuing to invest in Trilivy.
Medifast Still Expects Losses Before Q4Medifast expects third-quarter revenues of $60 million to $80 million and a loss of 15 cents to 65 cents per share, excluding one-time Catalyst-related costs. The company also expects the active earning coach count to keep declining in the near term even as productivity improves.
For 2026, management projects revenues of $270 million to $300 million and a loss of 25 cents to $1.75 per share. The Q4 profitability goal therefore rests on sustained revenue stability, successful commercialization of Trilivy and enough cost savings to offset continued fixed-cost pressure.
MED's Ratings Frame a High-Risk Recovery StoryThe turnaround has identifiable catalysts, but valuation adds another consideration. MED trades at 0.5X forward 12-month sales, below the food-miscellaneous sub-industry multiple of 0.81X but above its one-year median of 0.40X. The relative discount may look attractive, though the premium to Medifast's own historical median and the company's shrinking coach network and ongoing losses keep execution risk elevated.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #3 (Hold). MED also has a Momentum Score of A, but a Value Score of D, Growth Score of F and VGM Score of D. Since the Style Scores are designed to complement the Zacks Rank, the mix points to favorable momentum characteristics but a less convincing broader profile, supporting a measured view until the recovery becomes more established. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Key Takeaways MED shares gained 13.6% in a month as improving operating indicators supported momentum.Medifast's coach productivity rose 41% year over year, reaching its highest level since Q2 2022.MED's active earning coach base fell 48.7% year over year, keeping revenue under pressure. Medifast, Inc. (MED - Free Report) shares have gained 13.6% in the past month compared with the industry's 3.5% growth, bringing the sustainability of that move into focus. The stock's next leg may depend on whether improving operating indicators translate into a firmer business trend.
Image Source: Zacks Investment Research
Coach productivity and earnings expectations are moving in a better direction. Revenue and the size of the active coach base, however, remain under pressure.
MED's 13.5% Monthly Gain Needs Fundamental SupportThe recent rally comes against a mixed operating backdrop. Second-quarter 2026 revenues were $76.4 million, down from $105.6 million a year earlier, as fewer active earning coaches continued to weigh on the business.
The sequential picture is steadier. Management said revenues have stabilized around the mid-$70 million level in recent quarters and maintained full-year revenue guidance of $270 million to $300 million. That stability offers some support for the stock's momentum, but a durable recovery still requires improvement in the underlying sales engine.
MED's Earnings Surprise Adds to the Momentum CaseMedifast reported a second-quarter loss of 28 cents per share, substantially narrower than the consensus loss of 67 cents. Revenues also came in slightly above expectations, giving investors a better-than-feared quarterly result even as year-over-year sales remained weak.
MEDIFAST INC Price, Consensus and EPS SurpriseEstimate revisions add another constructive signal. The fiscal-year earnings estimate has moved 49.2% higher over the past four weeks. Rising earnings expectations can support price momentum when investors see a better path for profitability, although the company still expects a loss for 2026.
Medifast's Coach Productivity Is ImprovingAverage revenue per active earning coach increased 41% year over year to $6,529 in the second quarter and rose 20% sequentially. That marked the third consecutive quarter of year-over-year productivity growth and the highest level since the second quarter of 2022.
Management views productivity as an early indicator because stronger coach output has historically preceded better client acquisition, coach growth and revenue expansion. The company expects productivity to continue improving through 2026, helped by its focus on more productive coach organizations and the rollout of Trilivy-related initiatives.
MED Still Faces a Shrinking Coach BaseThe main constraint remains the size of Medifast's network. Active earning coaches fell 48.7% year over year to 11,700, and the company expects the count to continue declining during 2026 despite anticipating growth in new coach additions in the second half.
Among consumer-staples peers, Mama's Creations, Inc. (MAMA - Free Report) operates in prepared foods, while US Foods Holding Corp. (USFD - Free Report) is a foodservice distributor. Both offer a broader sector comparison for Medifast, though their operating models differ from MED's coach-led metabolic-health business.
MED's Momentum Score Supports a Mixed SetupThe stock currently carries a Zacks Rank #3 (Hold) and a Momentum Score of A. The favorable Momentum Score indicates that MED screens well on momentum characteristics, which fits with the recent share-price advance. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The broader Style Score picture is less supportive. MED has a Value Score of D, Growth Score of F and VGM Score of D. Since Style Scores are designed to complement the Zacks Rank, that combination points to a mixed setup rather than an across-the-board positive signal. Continued productivity gains, firmer revenues and progress toward profitability would be important for sustaining the recent momentum.
Key Takeaways MED's improving coach productivity supports its turnaround case despite continued revenue pressure.Medifast faces ongoing pressure from a shrinking coach base and the rapid adoption of GLP-1 medications.MED's low valuation may appeal to investors, but weak growth and profitability remain key risks. Medifast, Inc. (MED - Free Report) offers investors a difficult trade-off. The stock’s forward sales valuation is discounted to its sub-industry, while the company still faces falling revenues, a shrinking coach network and continuing losses.
The balance sheet gives Medifast time to execute its Trilivy-led turnaround, and coach productivity is improving. The key question is whether those early gains can translate into renewed client acquisition, coach growth and a durable return to profitability.
MED's Valuation Looks Cheap on Forward SalesMED trades at 0.5X forward 12-month sales, below the food-miscellaneous sub-industry multiple of 0.81X. That discount gives the stock an inexpensive look relative to its peer group and leaves room for re-rating if operating trends improve.
The valuation case is less clear against Medifast’s own history. Its current multiple is above the one-year median of 0.4X, so the stock is not unusually cheap by that measure. A discounted peer multiple alone does not remove the execution risk surrounding the turnaround.
Image Source: Zacks Investment Research
Medifast's Cash Cushion Reduces Balance Sheet RiskMedifast ended the second quarter of 2026 with $169.8 million in cash, cash equivalents and investments and no debt. Working capital was $160.5 million, compared with $158.7 million at the end of 2025.
That liquidity gives the company flexibility to fund the Trilivy rollout and restructuring while operating results remain under pressure. Second-quarter revenues fell 27.6% year over year to $76.4 million, and Medifast posted a net loss of $3.1 million, or 28 cents per share.
MED's Turnaround Still Depends on Coach RecoveryThe coach network remains the biggest operating vulnerability. Active earning coaches fell 48.7% year over year to 11,700 in the second quarter, even as revenue per active earning coach rose 41% to $6,529 and increased sequentially for a third consecutive quarter.
Medifast reported a second-quarter loss of 28 cents per share, substantially narrower than the consensus loss of 67 cents. Revenues also came in slightly above expectations, giving investors a better-than-feared quarterly result even as year-over-year sales remained weak.
Peer comparisons also matter. Mama's Creations, Inc. (MAMA - Free Report) and US Foods Holding Corp. (USFD - Free Report) provide additional context for MED's positioning within the broader food industry. Medifast still needs productivity gains to translate into stronger client acquisition and renewed coach growth. Medifast's Profitability Goal Raises the Stakes
Management is targeting a return to profitability beginning in the fourth quarter of 2026. The plan rests on revenue stabilization, the Trilivy product rollout and the Catalyst program, which is designed to reduce costs through facility rationalization, artificial-intelligence-related efficiencies and other measures.
The financial outlook shows how much work remains. Medifast expects 2026 revenues of $270 million to $300 million and a loss of 25 cents to $1.75 per share. Management also expects working capital to remain above $145 million at year-end, preserving financial flexibility as the turnaround progresses.
MED's Style Scores Argue for SelectivityThe stock currently carries a Zacks Rank #3 (Hold), which points to a more balanced near-term setup than an outright buy signal. Medifast also has a Momentum Score of A, indicating favorable momentum characteristics, but that strength is not matched across the other styles. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
MED has a Value Score of D, a VGM Score of D and a Growth Score of F. Zacks Style Scores are designed to complement the Zacks Rank, with stronger grades generally preferred. For investors weighing a low sales multiple against turnaround risk, the current mix supports a selective wait-and-see stance until operating improvement becomes more established.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Key Takeaways MED reported a narrower-than-expected Q2 loss as higher coach productivity supported revenue per coach.MED's active earning coaches fell 48.7%, while revenue per active coach increased 41%.MED reaffirmed its 2026 revenue outlook and improved its full-year earnings guidance. Medifast, Inc. (MED - Free Report) reported second-quarter 2026 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics declined year over year.
Medifast's Quarterly Performance: Key InsightsThe company posted a loss per share of 28 cents, narrower than the Zacks Consensus Estimate of a loss of 67 cents per share. The company posted earnings of 22 cents per share in the prior-year period.
Revenues declined 27.6% year over year to $76.4 million from $105.6 million, slightly exceeding the Zacks Consensus Estimate of $76 million. Higher revenues generated by each active earning coach reflected continued improvements in coach productivity despite a smaller coach network.
Medifast ended the quarter with approximately 11,700 active earning coaches, down 48.7% from 22,800 a year earlier. Management said that the decline in coaches remained the primary factor behind the year-over-year revenue decrease. The company noted that slower client acquisition continues to reflect broader industry pressures, including the rapid adoption of GLP-1 weight-loss medications.
Average revenue per active earning coach increased 41% year over year to $6,529 from $4,630, marking the third consecutive quarter of productivity improvement. Management continues to view stronger coach productivity as an early indicator of future business improvement, noting that historically it has been followed by higher client acquisition, coach growth and revenue expansion.
Medifast's Margin & Cost PerformanceGross profit fell 30.3% year over year to $53.4 million from $76.6 million, due to lower sales volumes. Gross margin contracted 270 basis points to 69.9% from 72.6%, primarily due to reduced leverage on fixed costs.
Selling, general and administrative expenses were $57.7 million, declining 25.7% year over year from $77.7 million. The decrease reflected $12.6 million of lower coach compensation, $2.3 million of reduced employee salary and benefit expenses and $2 million of lower company-led marketing costs. SG&A expenses represented 75.6% of revenues, up 200 basis points from 73.6% a year ago. The increase primarily reflected fixed-cost deleverage and expenses associated with the Trilivy Reset product launch, partly offset by lower marketing spending.
The operating loss widened to $4.3 million from $1.1 million in the year-ago quarter.
MED's Other Financial InformationMedifast ended June 2026 with $169.8 million in cash, cash equivalents and investment securities compared with $167.3 million at Dec. 31, 2025. The company remained debt-free.
Sneak Peek Into MED's Future OutlookFor the third quarter of fiscal 2026, Medifast expects revenues of $60-$80 million and a loss of 15-65 cents per share, excluding one-time costs related to the Catalyst cost-savings program.
Management expects the active earning coach count to continue declining in the near term but anticipates further improvement in coach productivity on both a year-over-year and sequential basis during the third quarter.
For fiscal 2026, Medifast reaffirmed its revenue outlook of $270-$300 million and now expects a loss in the range of 25 cents to $1.75 per share compared with the previous guidance of a loss of $1.55-$2.75 per share.
The company continues to expect progress toward returning to profitability beginning in the fourth quarter of 2026 following the launch of its new product line, with further earnings improvement targeted through 2027 and beyond. Management also expects working capital to exceed $145 million by year-end.
The company noted that its Catalyst program is expected to generate savings through facility rationalization, AI-related efficiencies and other operational initiatives.
Shares of this Zacks Rank #3 (Hold) company have risen 1.4% over the past three months compared with the industry’s growth of 6.1%.
Image Source: Zacks Investment Research
Stocks to ConsiderSome better-ranked stocks have been discussed below:
Darling Ingredients Inc. (DAR - Free Report) develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. DAR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DAR’s current fiscal-year sales and earnings implies growth of 13.2% and 685.3%, respectively, from the year-ago actuals. DAR delivered a trailing four-quarter negative earnings surprise of 38.9%, on average.
The Chef’s Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. CHEF currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for CHEF’s current fiscal-year sales and earnings indicates growth of 10.8 and 24.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
US Foods Holding Corporation (USFD - Free Report) , together with its subsidiaries, markets, sells and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for US Foods’ current fiscal-year sales and earnings implies growth of 5.1% and 16.3%, respectively, from the year-ago actuals. USFD delivered a trailing four-quarter earnings surprise of 1.4%, on average.
Medifast, Inc. (MED) Q2 2026 Earnings Call August 3, 2026 4:30 PM EDT
Company Participants
Steven Zenker - Vice President of Investor Relations
Nicholas Johnson - CEO & President
James Maloney - Chief Financial Officer
Conference Call Participants
James Salera - Stephens Inc., Research Division
Presentation
Operator
Greetings, and welcome to the Medifast Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Steven Zenker, Vice President, Investor Relations. Thank you, sir. You may begin.
Steven Zenker
Vice President of Investor Relations
Good afternoon, and welcome to Medifast's Second Quarter 2026 Earnings Conference Call.
On the call with me today are Nick Johnson, Chief Executive Officer; and Jim Maloney, Chief Financial Officer.
By now, everyone should have access to the earnings release for the second quarter ended June 30, 2026, that went out this afternoon at approximately 4:05 p.m. Eastern Time. If you have not received the release, it is available on the Investor Relations portion of Medifast's website at www.medifastinc.com.
This call is being webcast and a replay will also be available on the company's website.
Before we begin, we would like to remind everyone that today's prepared remarks contain forward-looking statements, and management may make additional forward-looking statements in response to your questions. The words believe, expect, anticipate, and other similar expressions generally identify forward-looking statements. These statements do not guarantee future performance and therefore undue reliance should not be placed on them. Actual results could differ materially from those projected in any forward-looking statements. All of the forward-looking statements contained herein speak only as of the date of this call. Medifast assumes no obligation to update any forward-looking statements that may be made in today's release or call.
Medifast (MED - Free Report) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.67. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +58.21%. A quarter ago, it was expected that this weight-loss company would post a loss of $0.55 per share when it actually produced a loss of $0.19, delivering a surprise of +65.45%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Medifast, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $76.38 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $105.56 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Medifast shares have lost about 8% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Medifast?While Medifast has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Medifast was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.60 on $69.18 million in revenues for the coming quarter and -$1.97 on $286.02 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Flowers Foods (FLO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This bakery goods company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of -23.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Flowers Foods' revenues are expected to be $1.23 billion, down 1% from the year-ago quarter.
LifeMD Can Surge on Its GLP-1 Offerings Medifast NYSE: MED reported second-quarter 2026 revenue of $76.4 million, down 27.6% from a year earlier, as its active earning coach base continued to decline amid the rapid adoption of GLP-1 medications across the traditional weight-loss category. The company posted a net loss of $3.1 million, or $0.28 per diluted share, compared with net income of $2.5 million, or $0.22 per share, in the prior-year quarter.
Management said revenue met its guidance range and earnings per share exceeded guidance, supported by a third consecutive quarter of improvement in coach productivity. Medifast ended the quarter with about 11,700 active earning coaches, a 48.7% decrease from the second quarter of 2025. However, average revenue per active earning coach rose 41% year over year to $6,529 and increased 20% sequentially, reaching its highest level since the second quarter of 2022.
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LifeMD Shares Come Back to Life on GLP-1 Business Growth “We now have a clear trend of increasing coach productivity both year-over-year and sequentially,” Chief Financial Officer Jim Maloney said. The company views higher revenue per coach as an early indicator that could eventually lead to coach growth and revenue growth.
Trilivy Launch Anchors Metabolic Health Strategy Chief Executive Officer Nicholas Johnson, speaking on his first earnings call in the role, said the company is pursuing a broader transition from weight loss toward metabolic health. Medifast launched its Trilivy consumer brand as the successor to OPTAVIA and described it as the first step in its “3.0 strategy,” a 10-year roadmap focused on expanding its offerings, geographic reach and demographic footprint.
Are These Consumer Staples Too Cheap for Investors To Ignore?Johnson said Trilivy is designed around three phases—reset, refine and renew—and positions the company’s coach-led nutrition programs as a comprehensive metabolic health system. The company also launched the Medifast Metabolic Health Institute in July, which will organize research, product development, scientific communications and education.
The company plans to introduce new Reset Fuelings later in August. The products include Medifast’s MetaVantage Technology Reset Formula, which the company said is intended to support normal fat metabolism, healthy insulin function and reduced waist circumference. Johnson said a spring pilot involving certain employees, coaches and clients generated “overwhelmingly positive” feedback.
Medifast also launched an enhanced coach compensation plan on Aug. 1, emphasizing the development of executive directors. Johnson said executive directors are the company’s highest-producing coaches and represent “the single greatest driver of sustainable growth” for the business. The percentage of active earning coaches at the executive director rank or above remained above the company’s 10% benchmark for a healthy and scalable field organization, he said.
Margins Pressured by Lower Volume Gross profit declined 30.3% year over year to $53.4 million, while gross margin fell to 69.9% from 72.6%. Maloney attributed the margin decline primarily to a loss of leverage on fixed costs as sales volumes decreased.
Selling, general and administrative expense fell 25.7% to $57.7 million. The reduction included a $12.6 million decline in coach compensation, a $2.3 million reduction in employee salary and benefits expense, and a $2 million decrease in company-led marketing costs. Still, SG&A as a percentage of revenue increased by 200 basis points because of lower fixed-cost leverage and costs related to the Trilivy Reset product launch.
Medifast recorded an operating loss of $4.3 million, compared with an operating loss of approximately $1 million in the second quarter of 2025. Other income declined to $1.3 million from the prior-year period, primarily because the earlier quarter included gains on LifeMD common stock that Medifast sold during the second quarter of 2025.
Catalyst Cost Program and Profitability Target Medifast launched its Catalyst program during the second quarter, with most execution expected in the third quarter. The initiative is intended to generate cost savings through facility rationalization, AI-related efficiencies and other streamlining measures.
Maloney said the company expects “millions of dollars of savings” but has not yet quantified the program because management is still determining which costs to reduce. He said Medifast expects to provide more detail during its third-quarter earnings call and stressed that the company does not intend to make cuts that would impair revenue growth.
Management reiterated its objective of returning to profitability in the fourth quarter of 2026, citing top-line stabilization, the new product rollout and cost reductions under Catalyst. Maloney said the company expects improved margins as revenue stabilizes and as the business gains operating leverage over time.
Third-quarter revenue guidance: $60 million to $80 million. Third-quarter loss-per-share guidance: $0.15 to $0.65, excluding one-time Catalyst execution costs. Full-year 2026 revenue guidance: $270 million to $300 million. Full-year 2026 loss-per-share guidance: $0.25 to $1.75. Expected working capital at Dec. 31, 2026: More than $145 million. Medifast held $169.8 million in cash equivalents and investments and had no debt as of June 30. Johnson said the company’s balance sheet provides financial flexibility as it rolls out Trilivy and works toward its fourth-quarter profitability target.
About Medifast (NYSE:MED)Medifast, Inc NYSE: MED is a health and wellness company specializing in clinically supported weight-loss, weight-management and healthy living products and services. Through its OPTAVIA brand, the company offers a range of meal replacement products, snacks, supplements and coaching programs designed to support metabolic health and sustainable lifestyle changes. Medifast markets its products directly to consumers via a network of independent distributors—known as OPTAVIA Coaches—who provide personalized guidance and support throughout the client's weight‐loss journey.
Founded in 1980 by William Vitale and headquartered in Baltimore, Maryland, Medifast has grown into a nationally recognized provider of nutrition and weight‐management solutions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy, today reported results for the second quarter ended June 30, 2026.
Second Quarter 2026
Revenue: $76.4 million, with revenue per active earning coach of $6,529 Independent active earning coaches of 11,700 Net loss of $3.1 million or $0.28 loss per diluted share ("EPS") Cash, Cash Equivalents, and Investment Securities of $169.8 million with no debt Nick Johnson, Chief Executive Officer, commented, “In the second quarter, we continued to see signs of a turnaround in our business. Revenue remained sequentially stable, supported by steady growth in coach productivity and positive coach leadership trends. Combined with the energy and engagement demonstrated at our recent National Coach Convention, these leading indicators have historically been precursors of future growth.
“We're building on that progress by putting new tools in our coaches' hands, with our new brand, Trilivy, our new Reset Fuelings, and our new Medifast Metabolic Health Institute. Each of these is a meaningful step in our 3.0 strategy. Backed by our Metabolic Synchronization science and coach-led model, we believe we are on track to return to profitability in the fourth quarter and have created a foundation that supports our vision for consistent, long-term growth.“
Second Quarter 2026 Results
Second quarter 2026 revenue decreased 27.6% to $76.4 million from $105.6 million for the second quarter of 2025, primarily driven by a decrease in the number of active earning coaches. The total number of active earning coaches decreased 48.7% to 11,700 compared to 22,800 for the second quarter of 2025, primarily driven by continued pressure with client acquisition reflecting broader challenges in the operating environment, including rapid adoption of GLP-1 medications for weight loss. While the company continues its transformation to focus on metabolic health, it expects the number of active earning coaches to continue to decline in 2026. The average revenue per active earning coach was $6,529, compared to $4,630 for the second quarter last year, an increase of 41.0% which was driven by greater alignment of the company's network of coaches, prioritizing productive coaches and more efficient coach network structures.
Gross profit decreased 30.3% to $53.4 million from $76.6 million for the second quarter of 2025. The decrease in gross profit was due to lower sales volumes. The company's gross profit margin was 69.9% compared to 72.6% in the second quarter of 2025. The decrease in gross profit as a percentage of revenue was primarily driven by the loss of leverage on fixed costs.
Selling, general, and administrative expenses (“SG&A”) decreased 25.7% to $57.7 million compared to $77.7 million for the second quarter of 2025. The decrease in SG&A was primarily due to a $12.6 million decrease in coach compensation on lower volume and fewer active earning coaches, a $2.3 million decrease in employee salary and benefit expenses, and a $2.0 million decrease in company-led marketing costs. As a percentage of revenue, SG&A increased 200 basis points year-over-year to 75.6% of revenue, as compared to 73.6% for the second quarter of 2025. The increase in SG&A as a percentage of revenue was primarily due to approximately 290 basis points associated with the loss of leverage on fixed costs and 60 basis points associated with the launch of the company's new Trilivy Reset product line, partially offset by a 190 basis point reduction related to company-led marketing expenses. During Q2 the company launched its Catalyst program with the majority of the execution expected to take place in Q3. The Catalyst program is designed to drive additional cost savings through facility rationalization, AI-related efficiencies and other means.
The company's loss from operations for the period was $4.3 million compared to $1.1 million in the prior year comparable period. As a percentage of revenue, loss from operations was 5.7% for the second quarter of 2026 compared to 1.0% in the prior-year comparable period due to the factors described above impacting revenue and SG&A expenses.
Other income decreased $2.6 million to $1.3 million compared to $3.9 million for the second quarter of 2025 primarily due to gains on the company's investment in LifeMD, Inc. common stock in the prior year period. The company sold its investment in LifeMD during the quarter ended June 30, 2025.
Income tax expense for the period was $0.1 million, an effective rate of negative 3.6%, as compared to $0.4 million for the second quarter of 2025, an effective rate of 13.7%. Due to the existence of a full valuation allowance against its deferred tax assets recorded as of December 31, 2025, the company calculated income tax expense for the current period based on actual results for the quarter. The decrease in the effective tax rate was primarily driven by the increased loss incurred in the June 30, 2026 period and the valuation allowance on the net deferred tax assets.
In the second quarter of 2026, the company's net loss was $3.1 million, or $0.28 per share, based on approximately 11.1 million shares of common stock outstanding compared to a net income of $2.5 million, or $0.22 per share, based on approximately 11.1 million shares of common stock outstanding in the prior year comparable period.
Capital Allocation and Balance Sheet
During the second quarter of 2026, the company executed an amendment to extend the lease and reduce the square footage for the company's Havre de Grace distribution facility, and remeasured its right-of-use asset and corresponding lease liability by $12.5 million and $12.7 million, respectively. This action is in addition to the commencement of the company's new headquarters office space during the first quarter, where the company recorded an initial right-of-use asset and corresponding lease liability of $6.8 million.
The company’s balance sheet remains strong with cash, cash equivalents and investment securities of $169.8 million and no debt as of June 30, 2026, compared to $167.3 million in cash, cash equivalents and investment securities and no debt at December 31, 2025. Working capital as defined as current assets less current liabilities as of June 30, 2026 was $160.5 million, compared to $158.7 million of working capital at December 31, 2025.
Outlook
The company expects third quarter 2026 revenue to be in the range of $60 million to $80 million and third quarter 2026 loss per share to be in the range of $0.15 to $0.65. This excludes any one-time costs associated with the execution of the company's Catalyst initiatives. The company expects full year 2026 revenue to be in the range of $270 million to $300 million and full year 2026 loss per share to range from $0.25 to $1.75.
Conference Call Information
The conference call is scheduled for today, Monday, August 3, 2026 at 4:30 p.m. ET. The call will be broadcast live over the Internet, hosted on the Investor Relations section of Medifast’s website at www.MedifastInc.com or directly at https://viavid.webcasts.com/starthere.jsp?ei=1768081&tp_key=644d7ae69f and will be archived online and available through November 3, 2026. In addition, listeners may dial (201) 389-0879 to join via telephone.
A telephonic playback will be available from 8:30 p.m. ET, August 3, 2026, through August 10, 2026. Participants can dial (412) 317-6671 and enter passcode 13761321 to hear the playback.
About Medifast®:
Medifast (NYSE: MED) is the metabolic health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy. Designed to help address the challenges of metabolic dysfunction, the company’s holistic approach integrates science-backed plans and products, personal 1:1 coaching, a supportive community, and behavioral science support to develop healthy habits.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that targets metabolic dysfunction through a comprehensive system focused on fat loss, lean mass preservation, and long-term health. Trilivy's comprehensive three-part metabolic health system is designed to help people reset their metabolism, refine their health, and renew their lives. By integrating science, coaching, and healthy habits into a single approach, Trilivy helps people look, feel, and live better.
Backed by more than 45 years of clinical heritage, Medifast continues to advance its mission of lifelong transformation through metabolic science and human connectionTM. For more information, visit Trilivyhealth.com and Medifastinc.com.
MED-F
Forward Looking Statements
Please Note: This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by use of phrases or terminology such as “intend,” “anticipate,” “expect” or other similar words or the negative of such terminology. Similarly, descriptions of Medifast’s objectives, strategies, plans, goals, outlook or targets contained herein are also considered forward-looking statements. These statements are based on the current expectations of the management of Medifast and are subject to certain events, risks, uncertainties and other factors. Some of these factors include, among others, Medifast's inability to maintain and grow the network of independent coaches; industry competition and new weight loss products, including weight loss medications such as GLP-1s, or services; Medifast’s health or advertising related claims by clients; Medifast's inability to continue to develop new products; effectiveness of Medifast's advertising and marketing programs, including use of social media by coaches; effectiveness of the company's strategic pivot towards metabolic health; the departure of one or more key personnel; Medifast's inability to protect against online security risks and cyberattacks; competitors use of artificial intelligence to make their offer more competitive; risks associated with Medifast's direct-to-consumer business model; disruptions in Medifast's supply chain; product liability claims; Medifast's planned growth into domestic markets including through its collaboration with LifeMD, Inc.; adverse publicity associated with Medifast's products; the impact of existing and future laws and regulations on Medifast’s business; fluctuations of Medifast's common stock market price; increases in litigation; actions of activist investors; the consequences of other geopolitical events, overall economic and market conditions and the resulting impact on consumer sentiment and spending patterns; and Medifast's ability to prevent or detect a failure of internal control over financial reporting. Although Medifast believes that the expectations, statements and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other filings filed with the United States Securities and Exchange Commission, including its quarterly reports on Form 10-Q and current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.
MEDIFAST, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(U.S. dollars in thousands, except per share amounts & dividend data)
Three months ended June 30,
Six months ended June 30,
2026
2025
2026
2025
Revenue
$
76,384
$
105,555
$
152,428
$
221,283
Cost of sales
22,988
28,911
47,276
60,395
Gross profit
53,396
76,644
105,152
160,888
Selling, general, and administrative
57,723
77,710
112,774
163,217
Loss from operations
(4,327
)
(1,066
)
(7,622
)
(2,329
)
Other income
Interest income
1,347
1,369
2,726
2,671
Other income (expense)
(11
)
2,572
(36
)
3,059
1,336
3,941
2,690
5,730
Income (loss) before provision for income taxes
(2,991
)
2,875
(4,932
)
3,401
Provision for income taxes
109
395
290
1,693
Net income (loss)
$
(3,100
)
$
2,480
$
(5,222
)
$
1,708
Earnings (loss) per share - basic
$
(0.28
)
$
0.23
$
(0.47
)
$
0.16
Earnings (loss) per share - diluted
$
(0.28
)
$
0.22
$
(0.47
)
$
0.15
Weighted average shares outstanding
Basic
11,135
10,991
11,071
10,970
Diluted
11,135
11,060
11,071
11,045
MEDIFAST, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(U.S. dollars in thousands, except par value)
June 30,
2026
December 31,
2025
ASSETS
Current Assets
Cash and cash equivalents
$
71,910
$
89,303
Inventories, net
21,181
20,228
Investments
97,911
77,970
Income taxes, prepaid
5,258
5,116
Prepaid expenses and other current assets
5,774
9,066
Total current assets
202,034
201,683
Property, plant and equipment, net of accumulated depreciation
27,980
31,230
Right-of-use assets
24,314
7,232
Other assets
6,073
7,828
TOTAL ASSETS
$
260,401
$
247,973
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued expenses
$
36,406
$
38,359
Current lease obligations
5,158
4,603
Total current liabilities
41,564
42,962
Lease obligations, net of current lease obligations
22,460
6,091
Total liabilities
64,024
49,053
Stockholders' Equity
Common stock, par value $.001 per share: 20,000 shares authorized; 11,181 and 10,991 issued and outstanding at June 30, 2026 and December 31, 2025, respectively
Key Takeaways Medifast likely continued to face pressure from GLP-1 adoption and fewer active earning coaches.MED's lower sales volumes may have continued to weigh on gross profit and margin performance.MED is likely to benefit from stronger coach productivity and ongoing cost structure improvements. As Medifast, Inc. (MED - Free Report) prepares to unveil its second-quarter fiscal 2026 results on Aug. 03, after market close, investors are eager to see if the company can beat market expectations.
The Zacks Consensus Estimate for revenues is pegged at $78.4 million, implying a 25.8% decline from the prior year. Meanwhile, the consensus mark for earnings has moved from a loss of 68 cents to a loss of 67 cents per share in the past seven days. This indicates a substantial decline from the year-ago period’s earnings of 4 cents. MED has a trailing four-quarter negative earnings surprise of 635.6%, on average.
Key Factors to Note for MED's Q2 EarningsMedifast likely continued to face headwinds from the rapid adoption of GLP-1 medications, which have been reshaping the traditional weight-loss market. The company has previously indicated that this shift is reducing demand for conventional weight management programs, placing continued pressure on coach participation and overall business performance. These industry dynamics are likely to have remained a meaningful headwind during the to-be-reported quarter.
The decline in the number of active earning coaches might have created pressure on revenue trends. The company has previously attributed weaker sales performance to the contraction in its coach network, and this trend is likely to have continued to weigh on overall business performance in the second quarter.
Profitability also likely remained challenged as softer sales volumes continued to pressure gross profit and margins. Management had previously noted that lower revenue reduced the company's ability to leverage fixed costs efficiently, resulting in margin compression. These factors might have continued to weigh on earnings performance during the quarter.
However, Medifast is also likely to have benefited from continued improvements in coach productivity. Management had previously highlighted that this key leading indicator of future growth had reached its highest level in many years and was expected to maintain positive momentum. In addition, the company's ongoing cost structure realignment likely supported operating performance by improving efficiency, generating cost savings and preserving profitability, while allowing continued investment in long-term growth initiatives. These efforts might have helped mitigate some pressure from the challenging operating environment.
What the Zacks Model Says About MEDOur proven model predicts an earnings beat for MED this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here.
MED has an Earnings ESP of +2.26% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Other Stocks With Favorable CombinationHere are three other companies you may also want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this season:
The Kraft Heinz Company (KHC - Free Report) currently has an Earnings ESP of +3.08% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter 2026 earnings per share is pegged at 53 cents, implying a 23.2% year-over-year decline. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for quarterly revenues is pegged at $6.2 billion, which indicates a decrease of 3% from the figure reported in the prior-year quarter. KHC has a trailing four-quarter earnings surprise of 10.2%, on average.
US Foods Holding Corp. (USFD - Free Report) currently has an Earnings ESP of +1.10% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2026 earnings per share is pegged at $1.37, implying a 15.1% year-over-year decline.
The Zacks Consensus Estimate for quarterly revenues is pegged at $10.5 billion, which indicates growth of 3.8% from the figure reported in the prior-year quarter. USFD has a trailing four-quarter earnings surprise of 1.4%, on average.
Sysco Corporation (SYY - Free Report) currently has an Earnings ESP of +0.56% and a Zacks Rank of 3. The Zacks Consensus Estimate for fourth-quarter fiscal 2026 earnings per share is pegged at $1.51, implying a 2% year-over-year increase.
The Zacks Consensus Estimate for quarterly revenues is pegged at $21.9 billion, which indicates an increase of 3.7% from the figure reported in the prior-year quarter. SYY has a trailing four-quarter earnings surprise of 2.1%, on average.
Wall Street expects a year-over-year decline in earnings on lower revenues when Medifast (MED - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 3, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis weight-loss company is expected to post quarterly loss of $0.67 per share in its upcoming report, which represents a year-over-year change of -1775%.
Revenues are expected to be $78.35 million, down 25.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Medifast?For Medifast, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.26%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Medifast will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Medifast would post a loss of$0.55 per share when it actually produced a loss of -$0.19, delivering a surprise of +65.45%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Medifast appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Food - Miscellaneous industry, Darling Ingredients (DAR - Free Report) , is soon expected to post earnings of $1.45 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +0%. Revenues for the quarter are expected to be $1.8 billion, up 21.8% from the year-ago quarter.
The consensus EPS estimate for Darling has been revised 17.1% higher over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Darling will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the metabolic health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy, will announce financial results for the quarter ended June 30, 2026 on Monday, August 3, 2026, after market close. The Company will host a conference call to discuss the results with additional comments and details. Company participants will be Nick Johnson, Chief Executive Officer, and Jim Maloney, Chief Financial Officer. The.
Key Takeaways Medifast launched Trilivy to expand beyond traditional weight management into broader metabolic health.Trilivy combines nutrition, personalized coaching and behavior-based support across three structured phases. Coach productivity and referral-driven client acquisition improved in the first quarter of 2026. Medifast, Inc. (MED - Free Report) has launched Trilivy, a science-backed metabolic health system that expands the company’s focus beyond traditional weight management. The platform combines nutritional products, personalized coaching and behavior-based support while introducing newly formulated meal replacements featuring proprietary ingredient technology intended to support metabolic health.
The launch marks an important strategic shift as GLP-1 medications continue to reshape the weight-loss market and pressure demand for conventional programs. Trilivy emphasizes broader metabolic health, including visceral-fat reduction, lean-mass preservation, healthy metabolism and sustainable lifestyle improvement. This positioning could help MED appeal to consumers seeking longer-term wellness support, including those looking for alternatives or complements to medication-based weight-loss solutions.
Trilivy also builds on Medifast’s established coach-led model. Its three-phase system — Reset, Refine and Renew — integrates nutritional products, individualized support and healthy habits into a structured customer journey. This approach may strengthen the company’s differentiation from product-only competitors by combining science-backed nutrition with accountability and behavioral guidance.
The launch arrives as some operating indicators are beginning to improve. In the first quarter of 2026, coach productivity increased for a second consecutive time, while referral-driven client acquisition gained momentum. Coaches participating in the referral program generated higher acquisition rates than nonparticipants, suggesting that efforts to improve field engagement are yielding encouraging early results.
Overall, Trilivy gives Medifast a clearer framework for repositioning its business around metabolic health. Successful customer adoption, stronger coach participation and improved engagement could help stabilize revenues and support profitability over time, potentially opening a new growth chapter for the Zacks Rank #1 (Strong Buy) company. You can see the complete list of today’s Zacks #1 Rank stocks here.
MED Stock Price Performance, Valuation & EstimatesShares of Medifast have tumbled 25.6% over the past year compared with the industry’s decline of 21.7%.
MED Price Performance Versus Industry
Image Source: Zacks Investment Research
From a valuation standpoint, Medifast trades at a forward price-to-sales ratio of 0.42, lower than the industry’s average of 0.79.
MED Valuation Compared to Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MED’s current fiscal-year earnings per share implies a year-over-year decline of 140.2%, while the consensus mark for the next year’s EPS suggests growth of 4.1%.
Other Stocks to ConsiderUnited Natural Foods, Inc. (UNFI - Free Report) , a major food wholesaler serving grocery retailers, currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for United Natural’s current and next fiscal-year earnings per share suggests a year-over-year increase of 254.9% and 21.4%, respectively. UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
Mama's Creations, Inc. (MAMA - Free Report) , a maker of refrigerated prepared foods for retail and foodservice, carries a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Mama's Creations’ current and next fiscal-year EPS suggests growth of 73.3% and 46.2%, respectively, from the prior-year reported levels. MAMA delivered a trailing four-quarter earnings surprise of 129.2%, on average.
Hormel Foods Corporation (HRL - Free Report) , a global branded food company offering meat, protein and packaged food products, carries a Zacks Rank #2.
The Zacks Consensus Estimate for Hormel Foods’ current and next fiscal-year EPS calls for a year-over-year jump of 9.5% and 3.5%, respectively. HRL delivered a trailing four-quarter earnings surprise of 3.2%, on average.
BALTIMORE--(BUSINESS WIRE)--Medifast, Inc. (NYSE: MED) today announced the launch of Trilivy, a comprehensive metabolic health system uniquely designed to support healthy lifestyle change. The launch also introduces newly formulated meal replacements, including the Trilivy Reset Fueling line enhanced with MetaVantage Technology™, a platform of proprietary ingredient formulas intended to optimize metabolism by unlocking key metabolic pathways. The launch of Trilivy marks a major corporate transf.
A downtrend has been apparent in Medifast (MED - Free Report) lately with too much selling pressure. The stock has declined 18.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why MED Could Bounce Back Before LongThe heavy selling of MED shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 26.5. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for MED has increased 1.5%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, MED currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Company Agrees to Nominate Parsa Kiai and Jeff Rose as Director Candidates at 2026 Annual Meeting of Stockholders
BALTIMORE--(BUSINESS WIRE)--Medifast, Inc. (NYSE: MED), the metabolic health and wellness company known for its science-backed, coach-guided lifestyle system, today announced the company's Board of Directors has agreed to nominate Parsa Kiai and Jeff Rose from Steamboat Capital Partners LLC as independent director candidates to stand for election at the company’s 2026 Annual Meeting of Stockholders, which is provisionally scheduled for May 19, 2026. These nominations are pursuant to a Cooperation Agreement entered into between the company and Steamboat Capital, which beneficially owns above 5% of the company’s outstanding shares.
The Board of Directors has determined that Medifast’s directors Jeffrey Brown and Michael Hoer will not stand for reelection. Medifast Chairman & Chief Executive Officer Dan Chard will continue in his current role, and as previously announced, will step down as CEO on June 1, 2026, while remaining Chairman. Nicholas Johnson, President of Medifast, is expected to succeed Dan Chard as CEO following his departure.
"We are pleased to nominate these talented independent leaders for election to our Board of Directors at the upcoming Annual Meeting. Their experience and perspectives would complement the work already underway to support Medifast’s development and strategic priorities as a metabolic health company," said Mr. Chard. "Our team remains focused on returning the company to profitability, growing our business and independent coach network, and maintaining a rigorous commitment to scientific innovation in this space. We have been executing with discipline against this strategy, and we look forward to a productive collaboration with Steamboat Capital as we continue our efforts to build on that progress and accelerate improvements in financial performance to maximize returns for our stockholders."
Mr. Chard continued, “On behalf of the entire Board, we also want to thank Jeffrey Brown and Michael Hoer for their service on the Board and for their many contributions to Medifast.”
"We are pleased to have reached this agreement through a constructive and collaborative dialogue with the Medifast Board and management team," said Parsa Kiai Managing Partner and Chief Investment Officer at Steamboat Capital. "We have a strong appreciation for the progress the company is making and believe the market is significantly undervaluing the company’s substantial financial and intrinsic assets as well as its long-term potential. We welcome the opportunity to work with the Board to support Medifast’s continued evolution as a business. Medifast’s independent coach network and comprehensive metabolic health system represent a differentiated and compelling platform, and we’re looking forward to working together in a spirit of collaboration to build on this foundation, drive sustainable profitability, and unlock long-term value for stockholders."
Pursuant to the Cooperation Agreement, Steamboat Capital and certain of its affiliates have agreed to certain customary standstill and voting provisions through the company's 2027 Annual Meeting of Stockholders. The agreement will be filed on a Form 8-K with the Securities and Exchange Commission.
About Parsa Kiai
Parsa Kiai is the Managing Partner and Chief Investment Officer of Steamboat Capital. Mr. Kiai has 22 years of investing and corporate finance experience with expertise in capital allocation. He is responsible for the overall direction of the business of Steamboat Capital and managing the portfolios of the company's clients. Mr. Kiai graduated from Cornell University in 2003 and worked at Goldman, Sachs & Co. in the investment banking division before starting at Steamboat Capital in 2012.
About Jeff Rose
Jeffrey Rose is Chief Operating Officer and Chief Financial Officer of Steamboat Capital. Mr. Rose has 23 years of financial experience and has been a member of the New York Bar for over 30 years. Mr. Rose practiced corporate law for seven years, was Chief Financial Officer and General Counsel of Conquest Capital, a $1 billion alternative investment manager and served on the Investment Committee of GAM’s multi-billion dollar of funds prior to joining Steamboat Capital in 2014. Mr. Rose graduated from Queens College in 1990, NYU Law School in 1993 and Columbia Business School in 2002.
About Medifast
Medifast (NYSE: MED) is the health and wellness company known for its science-backed, coach-guided lifestyle system. Designed to address the challenges of metabolic dysfunction, the company's holistic approach integrates personalized plans, scientifically developed products and a framework for sustainable habit creation — all supported by a dedicated network of independent coaches.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through targeted metabolic reset. Research demonstrates that the company's comprehensive system activates strong and targeted fat burning to enhance metabolic health and body composition by reducing visceral fat, preserving lean mass and protecting muscle integrity.
Backed by more than 40 years of clinical heritage, Medifast continues to advance its mission of Lifelong Transformation, Making a Healthy Lifestyle Second Nature®. For more information, visit www.MedifastInc.com.
Forward Looking Statements
Please Note: This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by use of phrases or terminology such as “intend,” “anticipate,” “expect” or other similar words or the negative of such terminology. Similarly, descriptions of Medifast’s objectives, strategies, plans, goals, outlook or targets contained herein are also considered forward-looking statements. These statements are based on the current expectations of the management of Medifast and are subject to certain events, risks, uncertainties and other factors. Some of these factors include, among others, Medifast's inability to maintain and grow the network of independent coaches; industry competition and new weight loss products, including weight loss medications such as GLP-1s, or services; Medifast’s health or advertising related claims by clients; Medifast's inability to continue to develop new products; effectiveness of Medifast's advertising and marketing programs, including use of social media by coaches; effectiveness of the Company's strategic pivot towards metabolic health; the departure of one or more key personnel; Medifast's inability to protect against online security risks and cyberattacks; competitors use of artificial intelligence to make their offer more competitive; risks associated with Medifast's direct-to-consumer business model; disruptions in Medifast's supply chain; product liability claims; adverse publicity associated with Medifast's products; the impact of existing and future laws and regulations on Medifast’s business; fluctuations of Medifast's common stock market price; increases in litigation; actions of activist investors; the consequences of other geopolitical events, overall economic and market conditions and the resulting impact on consumer sentiment and spending patterns; and Medifast's ability to prevent or detect a failure of internal control over financial reporting. Although Medifast believes that the expectations, statements and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other filings filed with the United States Securities and Exchange Commission, including its quarterly reports on Form 10-Q and current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.
Medifast Inc (NYSE: MED - Get Free Report) CEO Daniel Chard acquired 17,678 shares of the stock in a transaction on Friday, March 20th. The stock was bought at an average price of $10.11 per share, with a total value of $178,724.58. Following the transaction, the chief executive officer directly owned 17,678 shares in the company,
Key Takeaways MED is expanding beyond weight loss into metabolic health with a new science-based product line.New offerings target visceral fat reduction while preserving lean mass and muscle health.Management expects profitability improvement to begin in the fourth quarter of 2026 and continue into 2027. Medifast, Inc. (MED - Free Report) is shifting from a traditional weight-loss focus toward a broader metabolic health strategy. A national survey cited by the company found that nearly 94% of American adults are concerned about at least one aspect of metabolic health, while 85% believe metabolic dysfunction can be reversed. This points to a large underserved market and supports the company’s clinically proven, coach-led approach.
Medifast is strengthening its leadership in metabolic health through ongoing research and a new product line built around its metabolic science, with the metabolic synchronization method delivering targeted metabolic reset, improving key processes and body composition in meaningful ways. At its fourth-quarter earnings call, management stated that the GLP-1 “off-ramp” is growing, with a recent study indicating that roughly two-thirds of patients come off the drugs after two years. Many of these individuals regain lost weight, and in some cases, exceed their original weight after stopping treatment.
Medifast is leveraging its metabolic synchronization science platform to develop a new product line aimed at reducing harmful visceral fat while improving body composition, metabolic efficiency and overall health. These products use a proprietary formula of clinically studied ingredients and are specifically designed to support and enhance metabolic health.
In a 16-week clinical study, participants on Medifast’s 5-in-1 metabolic plan reduced visceral fat by 14% while retaining 98% of lean mass, with the company also emphasizing muscle protection. As more consumers, particularly those transitioning off GLP-1 treatments, focus on body composition, the company’s upcoming plan, program and system aim to meet these needs. It emphasizes the quality of weight loss, removing harmful visceral fat while maintaining lean mass. This approach is generating strong excitement and confidence across Medifast’s field teams.
Medifast is seeing early results from its strategy, with improved coach productivity and emerging business bright spots. The company expects profitability improvements to begin in the fourth quarter of 2026 after launching its new product line, with continued earnings growth targeted through 2027 and beyond. Overall, Medifast’s science-led product pipeline appears central to the company’s plan to stabilize the business and work back toward growth and profitability.
Zacks Rundown for MEDThis Zacks Rank #3 (Hold) company’s shares have lost 1.5% in the year-to-date period compared with the industry’s decline of 4.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, MED trades at a forward price-to-sales ratio of 0.43, lower than the industry’s average of 0.75.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MED’s current fiscal-year earnings per share implies a year-over-year decline of 143.9%, while the consensus mark for the next fiscal year implies year-over-year growth of 5%.
Image Source: Zacks Investment Research
Stocks to ConsiderSome better-ranked stocks have been discussed below:
Mama’s Creations, Inc. (MAMA - Free Report) , together with its subsidiaries, manufactures and markets fresh deli-prepared foods in the United States. MAMA currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MAMA's current fiscal-year sales & earnings implies growth of 39.9% and 44.4%, respectively, from the year-ago actuals. MAMA delivered a trailing four-quarter negative earnings surprise of 133.3%, on average.
US Foods Holding Corporation (USFD - Free Report) , together with its subsidiaries, markets, sells and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for US Foods’ current fiscal-year sales and earnings implies growth of 5.4% and 20.9%, respectively, from the year-ago actuals. USFD delivered a trailing four-quarter earnings surprise of 2.2%, on average.
B&G Foods, Inc. (BGS - Free Report) manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods and household products. BGS currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for B&G Foods’ current fiscal-year earnings implies growth of 5.9% from the year-ago actuals. BGS delivered a trailing four-quarter negative earnings surprise of 19.5%, on average.
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NEW YORK, April 14, 2026 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Medifast, Inc. (NYSE: MED) on behalf of the company's shareholders. The investigation seeks to determine whether Medifast's directors breached their fiduciary duties in connection with recent corporate actions.
If you are a shareholder of Medifast and are interested in obtaining additional information about your rights and options, please visit us at: https://pjlfirm.com/medifast-inc/
You may also contact Robert H. Lefkowitz, Esq. either via email at [email protected] or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.
Purcell & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit https://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.
Key Takeaways MED posts Q1 fiscal 2026 results May 4 after close, with revenue consensus at $73.8M.MED's sales likely stayed weak as active earning coaches fell and client acquisition remained challenged.MED reduced marketing and restructured, but lower revenue, deleverage and R&D may slow margins. As Medifast, Inc. (MED - Free Report) prepares to unveil its first-quarter fiscal 2026 earnings on May 04, after market close, investors are eager to see if the company can beat market expectations.
The Zacks Consensus Estimate for revenues is pegged at $73.8 billion, implying a 36.3% decline from the prior year. Meanwhile, the consensus mark for earnings has been unchanged at a loss of 55 cents per share in the past seven days, though it indicates a decline of 400% from the year-ago period’s actual. MED has a trailing four-quarter negative earnings surprise of 676.5%, on average.
Key Factors to Note for MED's Q1 EarningsMedifast’s top line is likely to have remained under pressure due to continued weakness in its active coach base. Declines in active earning coaches have been a primary driver of revenue contraction, alongside ongoing challenges in client acquisition. The operating environment remains difficult, reflecting broader disruption in the weight-loss category, including the rapid adoption of GLP-1 medications and shifting consumer expectations, which continue to weigh on demand for traditional programs.
The company’s ongoing transition toward a broader metabolic health platform may also have contributed to near-term headwinds. While this strategic repositioning expands Medifast’s long-term opportunity, improvements in underlying metrics have not yet translated into a meaningful impact on revenues. The shift in messaging and program focus requires time to gain traction with both coaches and clients, which likely continued to weigh on sales momentum during the quarter.
Bottom-line performance is also expected to have remained under pressure due to the combined effect of lower revenues and operating deleverage. Although Medifast has taken steps to align its cost structure with current demand, including reducing marketing spending and implementing restructuring actions, these measures may not fully offset the impact of weaker sales volumes. In addition, ongoing efforts to support its strategic transformation, including research and product development initiatives, may have limited the pace of margin recovery.
On the positive side, improving coach productivity could have provided some support to performance. At its last earnings call, management highlighted early signs of higher productivity within a more focused coach network, driven in part by the exit of less productive coaches and increased engagement in coach-led activities. While these improvements may not yet be sufficient to drive revenue growth, they suggest some stabilization in underlying trends.
What the Zacks Model Says About MEDOur proven model does not conclusively predict an earnings beat for MED this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
MED has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks With Favorable CombinationHere are three companies you may also want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
The Kraft Heinz Company (KHC - Free Report) currently has an Earnings ESP of +3.08% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter 2026 earnings per share is pegged at 50 cents, implying a 19.4% year-over-year decline. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for quarterly revenues is pegged at $5.9 billion, which indicates a decrease of 1.5% from the figure reported in the prior-year quarter. KHC has a trailing four-quarter earnings surprise of 7%, on average.
Celsius Holdings, Inc. (CELH - Free Report) currently has an Earnings ESP of +3.81% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter fiscal 2026 earnings per share is pegged at 29 cents, implying a 61.1% year-over-year surge.
The Zacks Consensus Estimate for quarterly revenues is pegged at $755.2 million, which indicates an increase of 129.4% from the figure reported in the prior-year quarter. CELH has a trailing four-quarter earnings surprise of 45.3%, on average.
Freshpet, Inc. (FRPT - Free Report) currently has an Earnings ESP of +25.37% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter fiscal 2027 earnings per share is pegged at 6 cents, implying a 33.3% year-over-year decline.
The Zacks Consensus Estimate for quarterly revenues is pegged at $291 million, which indicates growth of 10.6% from the figure reported in the prior-year quarter. FRPT has a trailing four-quarter earnings surprise of 50%, on average.
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the metabolic health and wellness company known for its science-backed, coach-guided lifestyle system, today reported results for the first quarter ended March 31, 2026.
First Quarter 2026
Revenue of $76.0 million, with revenue per active earning coach of $5,432 Independent active earning coaches of 14,000 Net loss of $2.1 million, or $0.19 per diluted share ("EPS") Cash, Cash Equivalents, and Investment Securities of $168.9 million with no debt "We are encouraged by the continued progress we are seeing as we execute our metabolic health strategy, including a second consecutive quarter of year-over-year coach productivity growth, strong coach leadership advancement, and high field engagement. These are metrics that have historically been leading indicators of future growth. Backed by our differentiated science, coach-led model, and a disciplined approach to managing costs, we believe we are well positioned to drive improved performance through the remainder of 2026 and a return to sustainable, long-term growth in the years ahead,” said Dan Chard, CEO of Medifast.
First Quarter 2026 Results
First quarter 2026 revenue decreased 34.3% to $76.0 million from $115.7 million for the first quarter of 2025 primarily driven by a decrease in the number of active earning coaches. The total number of active earning coaches decreased 44.9% to 14,000 compared to 25,400 for the first quarter of 2025, primarily driven by continued pressure with client acquisition reflecting broader challenges in the operating environment, including rapid adoption of GLP-1 medications for weight loss. While the company continues its transformation to focus on metabolic health, it expects the number of active earning coaches to continue to decline in 2026. The average revenue per active earning coach was $5,432, compared to $4,556 for the first quarter last year, an increase of 19.2% which was driven by greater alignment of the company's network of coaches, prioritizing productive coaches and efficient coach network structures.
Gross profit decreased 38.6% to $51.8 million from $84.2 million for the first quarter of 2025. The decrease in gross profit was primarily attributable to lower sales volumes. The company's gross profit as a percentage of revenue was 68.1% compared to 72.8% for the first quarter of 2025. The decrease in gross profit as a percentage of revenue was primarily driven by the loss of leverage on fixed costs.
Selling, general, and administrative expenses (“SG&A”) decreased 35.6% to $55.1 million compared to $85.5 million for the first quarter of 2025. The decrease in SG&A was primarily due to a $16.2 million decrease in coach compensation on lower volume and fewer active earning coaches, a $5.6 million decrease in company-led marketing related expenses, a one-time $2.2 million gain on the sale of the company's Maryland Distribution Center building and land previously classified as held for sale, and a $2.0 million decrease in employee compensation resulting from the realignment of the employee base to lower revenue levels. As a percentage of revenue, SG&A decreased 150 basis points year-over-year to 72.4% of revenue, as compared to 73.9% for the first quarter of 2025. The decrease in SG&A as a percentage of revenue was primarily due to approximately 470 basis points of decreased company-led marketing related expenses and 240 basis points of one-time gain on the sale of the company's Maryland Distribution Center building and land previously classified as held for sale, partially offset by 620 basis points of loss of leverage on fixed costs due to lower sales volume.
The company's loss from operations for the period was $3.3 million compared to $1.3 million in the prior year period. As a percentage of revenue, loss from operations was 4.3% for the first quarter of 2026 compared to 1.1% in the prior year comparable period due to the factors described above impacting revenue and SG&A expenses.
Other income decreased 24.3% to $1.4 million from $1.8 million for the first quarter of 2025 primarily due to unrealized gains on the company's investment in LifeMD common stock in the prior year period. The company sold its investment in LifeMD during the quarter ended June 30, 2025.
Income tax expense for the period was $0.2 million, an effective rate of negative 9.3%, as compared to $1.3 million for the first quarter of 2025, an effective rate of 246.8%. Due to the existence of a full valuation allowance against its deferred tax assets recorded as of December 31, 2025, the Company calculated income tax expense for the current period based on actual results for the quarter. As a result, the Company’s income tax provision for the quarter reflects discrete items, primarily state income taxes. The decrease in the effective tax rate was primarily driven by the increased loss incurred in the March 31, 2026 period and the valuation allowance on the net deferred tax assets.
In the first quarter of 2026, the company's net loss was $2.1 million, or $0.19 per share, based on approximately 11.0 million shares of common stock outstanding compared to a net loss of $0.8 million, or $0.07 per diluted share, based on approximately 10.9 million shares of common stock outstanding in the prior year period.
Capital Allocation and Balance Sheet
The company’s balance sheet remains strong with cash, cash equivalents and investment securities of $168.9 million and no debt as of March 31, 2026, compared to $167.3 million in cash, cash equivalents and investment securities and no debt at December 31, 2025. Working capital as defined as current assets less current liabilities as of March 31, 2026 was $160.4 million, compared to $158.7 million of working capital at December 31, 2025.
Outlook
The company expects second quarter 2026 revenue to be in the range of $60 million to $80 million and second quarter 2026 loss per share to be in the range of $0.50 to $1.00. The company expects full year 2026 revenue to be in the range of $270 million to $300 million and full year 2026 loss per share to range from $1.55 to $2.75.
Conference Call Information
The conference call is scheduled for today, Monday, May 4, 2026 at 4:30 p.m. ET. The call will be broadcast live over the Internet, hosted on the Investor Relations section of Medifast’s website at www.MedifastInc.com or directly at https://viavid.webcasts.com/starthere.jsp?ei=1759153&tp_key=64a2fbe076 and will be archived online and available through August 4, 2026. In addition, listeners may dial (201) 389-0879 to join via telephone.
A telephonic playback will be available from 7:30 p.m. ET, May 4, 2026 through May 11, 2026. Participants can dial (412) 317-6671 and enter passcode 13759893 to hear the playback.
About Medifast®:
Medifast (NYSE: MED) is the metabolic health and wellness company known for its science-backed, coach-guided lifestyle system. Designed to help address the challenges of metabolic dysfunction, the company’s holistic approach integrates personalized plans, scientifically developed products and a framework for habit creation — all supported by a dedicated network of independent coaches.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through a targeted reset. Research demonstrates the company’s comprehensive system activates strong and targeted fat burn to enhance metabolic health and body composition by reducing visceral fat, preserving lean mass and protecting muscle integrity.
Backed by more than 40 years of clinical heritage, Medifast continues to advance its mission of Lifelong Transformation, Making Healthy Lifestyle Second Nature®. For more information, visit Medifastinc.com.
MED-F
Forward Looking Statements
Please Note: This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by use of phrases or terminology such as “intend,” “anticipate,” “expect” or other similar words or the negative of such terminology. Similarly, descriptions of Medifast’s objectives, strategies, plans, goals, outlook or targets contained herein are also considered forward-looking statements. These statements are based on the current expectations of the management of Medifast and are subject to certain events, risks, uncertainties and other factors. Some of these factors include, among others, Medifast's inability to maintain and grow the network of independent coaches; industry competition and new weight loss products, including weight loss medications such as GLP-1s, or services; Medifast’s health or advertising related claims by clients; Medifast's inability to continue to develop new products; effectiveness of Medifast's advertising and marketing programs, including use of social media by coaches; effectiveness of the Company's strategic pivot towards metabolic health; the departure of one or more key personnel; Medifast's inability to protect against online security risks and cyberattacks; competitors use of artificial intelligence to make their offer more competitive; risks associated with Medifast's direct-to-consumer business model; disruptions in Medifast's supply chain; product liability claims; Medifast's planned growth into domestic markets including through its collaboration with LifeMD, Inc.; adverse publicity associated with Medifast's products; the impact of existing and future laws and regulations on Medifast’s business; fluctuations of Medifast's common stock market price; increases in litigation; actions of activist investors; the consequences of other geopolitical events, overall economic and market conditions and the resulting impact on consumer sentiment and spending patterns; and Medifast's ability to prevent or detect a failure of internal control over financial reporting. Although Medifast believes that the expectations, statements and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other filings filed with the United States Securities and Exchange Commission, including its quarterly reports on Form 10-Q and current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.
MEDIFAST, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(U.S. dollars in thousands, except per share amounts)
Three months ended March 31,
2026
2025
Revenue
$
76,044
$
115,728
Cost of sales
24,288
31,483
Gross profit
51,756
84,245
Selling, general, and administrative
55,051
85,507
Loss from operations
(3,295
)
(1,262
)
Other income
Interest income
1,379
1,301
Other income (expense)
(25
)
487
1,354
1,788
Income (loss) before provision for income taxes
(1,941
)
526
Provision for income taxes
181
1,298
Net loss
$
(2,122
)
$
(772
)
Loss per share - basic
$
(0.19
)
$
(0.07
)
Loss per share - diluted
$
(0.19
)
$
(0.07
)
Weighted average shares outstanding
Basic
11,006
10,948
Diluted
11,006
10,948
MEDIFAST, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(U.S. dollars in thousands, except par value)
March 31,
2026
December 31,
2025
ASSETS
Current Assets
Cash and cash equivalents
$
71,529
$
89,303
Inventories, net
21,403
20,228
Investments
97,417
77,970
Prepaid expenses and other current assets
6,965
9,066
Total current assets
202,630
201,683
Property, plant and equipment, net of accumulated depreciation
29,643
31,230
Right-of-use assets
12,921
7,232
Other assets
6,852
7,828
TOTAL ASSETS
$
252,046
$
247,973
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued expenses
$
38,264
$
38,359
Current lease obligations
3,920
4,603
Total current liabilities
42,184
42,962
Lease obligations, net of current lease obligations
12,181
6,091
Total liabilities
54,365
49,053
Stockholders' Equity
Common stock, par value $.001 per share: 20,000 shares authorized; 11,119 and 10,991 issued and outstanding at March 31, 2026 and December 31, 2025, respectively
Medifast (MED - Free Report) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +65.46%. A quarter ago, it was expected that this weight-loss company would post a loss of $0.76 per share when it actually produced a loss of $0.55, delivering a surprise of +27.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Medifast, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $76.04 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.11%. This compares to year-ago revenues of $115.73 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Medifast shares have added about 2.2% since the beginning of the year versus the S&P 500's gain of 5.6%.
What's Next for Medifast?While Medifast has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Medifast was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.42 on $76.32 million in revenues for the coming quarter and -$2.00 on $281.69 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Nomad Foods (NOMD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This frozen foods company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -43.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Nomad Foods' revenues are expected to be $796.16 million, down 0.4% from the year-ago quarter.
Key Takeaways MED beats first-quarter revenue and EPS estimates despite declines tied to fewer OPTAVIA coaches.MED's average revenue per active earning coach rose 19.2%, reflecting stronger productivity.Medifast expects profitability improvement starting in the Q4 of 2026 after the new product launch. Medifast, Inc. (MED - Free Report) reported first-quarter 2026 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics saw year-over-year declines.
Medifast’s Quarterly Performance: Key InsightsMedifast posted a loss of 19 cents per share, narrower than the Zacks Consensus Estimate of a loss of 55 cents. However, the bottom line deteriorated from a loss of 7 cents per share reported in the year-ago quarter.
Net revenues declined 34.3% year over year to $76 million from $115.7 million, primarily due to a significant reduction in the number of active earning OPTAVIA coaches. Despite the decline, net revenues of this Zacks Rank #3 (Hold) company surpassed the Zacks Consensus Estimate of $73.8 million, reflecting a 3.05% positive surprise.
The company continued to face pressure on its coach network, with active earning coaches declining 44.9% year over year to 14,000 from 25,400 in the same period last year. This drop has been attributed to challenges in client acquisition and the growing popularity of GLP-1 weight-loss medications.
Despite the decline in coach count, productivity improved meaningfully. The average revenue per active earning coach increased 19.2% year over year to $5,432 from $4,556 in the prior-year period.
MED’s Margin & Cost DetailsGross profit declined 38.6% year over year to $51.8 million from $84.2 million in the prior-year period, while gross margin contracted to 68.1% from 72.8% in the prior-year period, mainly due to the deleveraging of fixed costs.
Selling, general and administrative (SG&A) expenses decreased 35.6% year over year to $55.1 million, driven by lower coach compensation, lower volume and fewer active earning coaches with reduced marketing expenses. As a percentage of revenue, SG&A declined 150 basis points to 72.4%, primarily due to lower company-led marketing expenses and a one-time gain from the Maryland Distribution Center sale, partially offset by fixed-cost deleverage from lower sales volume.
The company reported an operating loss of $3.3 million, significantly wider than the loss of $1.3 million in the prior-year quarter.
Medifast’s Financial Health SnapshotAs of March 31, 2026, Medifast maintained a strong balance sheet position with $168.9 million in cash, cash equivalents, and investment securities and no debt.
Sneak Peek Into MED’s Future OutlookThe company expects revenues for the second quarter of 2026 between $60 million and $80 million, with loss per share projected to be between 50 cents and $1.00. Management anticipates continued coach productivity growth, both year over year and sequentially, during the second quarter.
For full-year 2026, revenue is expected to be in the range of $270 million to $300 million, while loss per share is projected to be between $1.55 and $2.75.
The company also expects profitability improvements to begin in the fourth quarter of 2026 following the launch of its new product line, with earnings improvement targeted to continue through 2027 and beyond.
Shares of MED have lost 6.4% over the past three months compared with the industry’s decline of 10.9%.
Image Source: Zacks Investment Research
Stocks to ConsiderSome better-ranked stocks have been discussed below:
The Chef’s Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. CHEF currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CHEF’s current fiscal-year sales and earnings indicates growth of 8.3 and 24.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
Armanino Foods of Distinction, Inc. (AMNF - Free Report) produces and markets frozen food products in the United States. AMNF currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Kimberly-Clark's current fiscal-year sales indicates growth of 7%, and the same for earnings implies a decline of 3.3% from the year-ago actuals. AMNF delivered a trailing four-quarter earnings surprise of 30.8%, on average.
Post Holdings, Inc. (POST - Free Report) operates as a consumer packaged goods holding company in the United States and internationally. POST currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Post Holdings' current fiscal-year sales and earnings implies growth of 2.7% and 0.1%, respectively, from the year-ago actuals. POST delivered a trailing four-quarter earnings surprise of 19.6%, on average.
Medifast has continued to report concerning financials. A shrinking coach network lowers revenues, and costs remain too high. A turnaround can't be written off quite yet. MED's coach productivity has improved clearly, and a shift to a metabolic health focus from weight loss could work out. Negative enterprise value clearly implies upside potential; I estimate 47% upside to $18.50 if the company's earnings stabilize over the mid-term. Such upside is speculative, though.
Medifast trades below net cash value, with $15 per share in cash versus a $12.60 share price, creating a compelling value floor. Coach productivity surged 19% YoY to $5,432 per coach, signaling early signs of operational turnaround despite a shrinking coach base. Cost-cutting initiatives, asset sales, and a positive operating cash flow position MED for potential profitability by Q4 2026, with a $30 million savings target.
Body composition, specifically visceral fat levels and lean mass, plays a meaningful role in long-term metabolic health (Serra MC, et al., 2019)Structured plans, habit building, and dedicated coach support work together to produce body composition outcomes that reflect the quality of weight loss, not just its quantity (Arterburn LM, et al., 2019)High-quality protein, nutrient density, and scientifically developed nutrition, combined with structured plans and habit building, support visceral fat reduction and lean mass preservation during weight loss Human accountability and coach support can lead to stronger outcomes in sustained behavior change and weight management success (Arterburn LM, et al., 2019) BALTIMORE, MD, May 15, 2026 (GLOBE NEWSWIRE) -- The success of weight loss programs is often evaluated by how much weight a person loses in the first few weeks or months, but that narrow focus may not reflect what clinical research shows about long-term success. OPTAVIA, a science-backed, coach-guided comprehensive metabolic health system, is among the programs backed by this growing body of evidence. Peer-reviewed research across multiple clinical settings has found that structured meal replacement programs can produce meaningful body composition outcomes, including visceral fat reduction and lean mass preservation (Arterburn LM, et al., 2019).
Satya Jonnalagadda, PhD, MBA, RD, Vice President of Scientific & Clinical Affairs at OPTAVIA, says, “Clinical data reveals clear distinctions between weight loss and quality weight loss. Preserving lean mass while reducing visceral fat is what drives sustainable metabolic improvement.”
KEY FACTS:
OPTAVIA’s clinical approach is supported by 18 randomized controlled trialsOPTAVIA’s research portfolio includes 30+ scientific research studies and analyses, 40+ peer-reviewed scientific journal publications, and 100+ peer-reviewed scientific presentations and publications The Science Behind Structured Programs
Clinical research has examined structured meal replacement programs across multiple settings, with findings that extend beyond scale weight. A randomized controlled trial published in Obesity Science & Practice found that structured commercial meal replacement programs produced greater reductions in body weight, fat mass, and abdominal fat than a self-directed reduced-calorie approach, concluding that evidence-based commercial programs can be a meaningful tool for adults managing overweight and obesity (Arterburn LM, et al., 2019).
A separate multicenter study found that a structured meal replacement plan supported lean mass preservation alongside significant weight reduction, with fat mass representing 80% or more of total weight lost from 12 weeks onward (Coleman CD, et al., 2015). These findings point to body composition, not scale weight alone, as a meaningful measure of what structured programs can produce.
Body Composition Over the Scale
Body composition, specifically visceral fat levels and lean mass, plays a meaningful role in metabolic health. Visceral fat acts as a metabolically active organ, releasing inflammatory molecules and hormones that affect insulin sensitivity and overall metabolic function. Reducing it while preserving lean mass is central to what quality weight loss can produce. Research shows that a nutritionally complete, higher-protein structured plan is effective in reducing body fat in the visceral depot, a reduction associated with meaningful cardiometabolic improvement (Serra MC, et al., 2019).
OPTAVIA's approach centers on nutrient density, high-quality protein, and scientifically developed products, combined with structured plans, habit building, and dedicated coach support with clinical outcomes that reflect that focus.
The body composition outcomes from OPTAVIA’s Optimal Weight 5 & 1 Plan® are clinically proven. Participants achieved a 14% reduction in visceral fat over 16 weeks while retaining 98% of lean mass (Arterburn LM, et al., 2019).
Why Coaching Changes the Clinical Picture
Clinical data from OPTAVIA’s Optimal Weight 5 & 1 Plan® found that participants working with a coach lose up to 10 times more weight and 17 times more fat than those attempting weight loss independently (Arterburn LM, et al., 2019). That difference reflects what behavioral science suggests about accountability and human support in sustained behavior change and speaks directly to the quality of outcomes the program is designed to produce.
"What we see consistently in the research is that accountability changes outcomes, especially when it’s personal and one-on-one. A coach addresses the behavioral and emotional patterns that can help drive long-term success,” says Jonnalagadda.
The Metabolic Case for Body Composition
Supporting long-term metabolic health requires targeting visceral fat reduction and lean mass preservation, not scale weight alone.
OPTAVIA’s Optimal Weight 5 & 1 Plan® is built around nutrient density, high-quality protein, and portion control delivered through scientifically developed, convenient products and a structured plan designed to make healthy eating more sustainable. When the body doesn't receive adequate protein and nutritional support during weight loss, it may draw from lean tissue instead of fat, which can affect metabolic rate over time. Meanwhile, visceral fat can continue to contribute to declining insulin sensitivity and metabolic dysfunction.
A metabolic health approach that prioritizes both visceral fat reduction and lean mass preservation offers a more complete picture of weight loss quality.
FAQ
Q: What weight loss programs have the best clinical evidence and coaching support?
A: Structured meal replacement programs with coach-guided models have built a strong clinical record across peer-reviewed research. OPTAVIA's approach is supported by 18 randomized controlled trials, with outcomes covering body composition, visceral fat reduction, and lean mass preservation, markers that reflect the broader shift toward metabolic health as a standard for evaluating weight loss success.
Q: How does OPTAVIA's approach support metabolic health beyond weight loss?
A: OPTAVIA's comprehensive metabolic health system centers on nutrient density, high-quality protein, and scientifically developed products, combined with structured plans, habit building, and dedicated coach support. Together, these elements are designed to support visceral fat reduction and lean mass preservation, markers that speak to the quality of weight loss, not just the number on the scale.
Q: What does clinical evidence show about weight loss coaching?
A: In OPTAVIA's clinical trial, participants who worked with a coach lost up to 10 times more weight and 17 times more fat than those who attempted weight loss independently (Arterburn LM, et al., 2019). Behavioral science suggests that personal accountability and human support are meaningful factors in sustained behavior change.
Q: What is visceral fat, and why does it matter more than total weight loss?
A: Visceral fat is stored deep in the abdomen, surrounding internal organs. Unlike subcutaneous fat, it acts as a metabolically active organ, releasing inflammatory molecules and hormones that affect insulin sensitivity and overall metabolic function. Targeting visceral fat reduction alongside lean mass preservation reflects a more complete picture of weight loss quality.
* OPTAVIA recommends that you contact your healthcare provider before starting and throughout your weight loss journey. Average weight loss on the Optimal Weight 5 & 1 Plan® is 12 pounds. Clients are in weight loss, on average, for 12 weeks.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019.
https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the OPTAVIA® 5 & 1 Plan® experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Optimal Weight 5&1 Plan® with support of an OPTAVIA® Coach successfully lost 10x more weight and 17x more fat than those who tried to lose weight on their own.
About Medifast
Medifast (NYSE: MED) is the health and wellness company known for its science-backed, coach-guided lifestyle system. Designed to address the challenges of metabolic dysfunction, the company's holistic approach integrates personalized plans, scientifically developed products and a framework for sustainable habit creation — all supported by a dedicated network of independent coaches.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through targeted metabolic reset. Research demonstrates that the company's comprehensive system activates strong and targeted fat burning to enhance metabolic health and body composition by reducing visceral fat, preserving lean mass and protecting muscle integrity.
Backed by more than 40 years of clinical heritage, Medifast continues to advance its mission of Lifelong Transformation, Making a Healthy Lifestyle Second Nature®. For more information, visit MedifastInc.com.
The global weight loss industry was valued at $16.3 billion in 2025, yet peer-reviewed clinical validation of program outcomes remains uneven across the categoryRandomized controlled trials control for the lifestyle variables and selection bias that self-reported program data cannot account for, making them the standard for evaluating whether a weight loss program itself is driving outcomesBody composition is the breakdown of fat, lean mass, and bone. It shows what weight loss is actually made up of, a distinction that scale weight alone cannot captureA coach can address the specific barriers that may cause program adherence to stall, providing an additional support compared to digital trackers and tools BALTIMORE, MD, May 15, 2026 (GLOBE NEWSWIRE) -- Client experiences and peer-reviewed research are two pillars of evidence that, at their best, reinforce each other. The former reflects what people live while the latter confirms why it works. OPTAVIA, a science-backed, coach-guided comprehensive metabolic health system, is built on both a community of clients who share what the program has done for them and a research portfolio spanning 100+ peer-reviewed presentations and publications that validates those outcomes at a clinical level.
"Randomized controlled trials are the standard in clinical research because they control for variables that self-reported data simply cannot. They tell you whether the program itself is driving the outcome, not lifestyle factors or selection bias," said Satya Jonnalagadda, PhD, MBA, RD, Vice President of Scientific & Clinical Affairs at OPTAVIA. "That's the level of rigor we've applied across our studies, and it's why the outcomes we report reflect what the science actually shows."
KEY FACTS
OPTAVIA’s clinical approach is supported by 18 randomized controlled trials, 30+ scientific research studies and analyses, 40+ peer-reviewed scientific journal publications and 100+ peer-reviewed scientific presentations and publicationsA 16-week randomized controlled trial found that individuals on the OPTAVIA Optimal Weight 5 & 1 Plan® retained 98% of lean mass (Arterburn LM, et al., 2019). Promises Outlast Evidence
According to Future Market Insights, the global weight loss and management industry was valued at $16.3 billion in 2025, yet peer-reviewed validation of outcomes remains uneven across the category. Randomized controlled trials require independent external review of methodology, sample sizes, and statistical significance before findings are published, a layer of third-party scrutiny that adds clinical credibility to the real-world results programs report.
Submitting program outcomes to peer review means independent researchers assess whether the methodology and results hold up. For health professionals evaluating programs for their patients, and for consumers sorting through a saturated market, the presence or absence of a documented research trail can become a deciding factor.
Metabolic dysfunction sits at the center of this conversation. The Journal of the American College of Cardiology found poor metabolic health affects more than 90% of adults in the United States. Programs that address only scale weight without considering underlying metabolic processes are increasingly scrutinized by researchers and clinicians for leaving the harder problem untreated, according to the Journal of Obesity.
What the Data Shows After 16 Weeks
One outcome that peer-reviewed research examines is body composition, a measure that distinguishes between fat loss and lean mass loss in ways that scale weight alone cannot capture. A randomized controlled trial published in Obesity Science & Practice found that individuals on the OPTAVIA Optimal Weight 5 & 1 Plan® preserved 98% of lean mass at 16 weeks (Arterburn LM, et al., 2019).
The significance of that figure extends beyond aesthetics: lean mass, which includes muscle, organs, and connective tissue, plays a direct role in metabolic function, mobility, and long-term weight management. Research published in Current Developments in Nutrition found that weight loss interventions can reduce skeletal muscle mass, accounting for 20% to 50% of total weight lost. The authors note this loss is comparable to a decade of human aging, underscoring why lean mass preservation is a clinically relevant outcome, not a secondary metric.
The Coaching Variable, Measured
The same clinical research from Obesity Science & Practice has also isolated the contribution of human coaching as a measurable outcome driver with quantifiable impact. Clients who use the OPTAVIA Optimal Weight 5 & 1 Plan® and work with a coach lose up to 10 times more weight and 17 times more fat than those who attempt the program without coaching support (Arterburn LM, et al., 2019). That difference reflects what happens when personalized guidance, real-time accountability, and structured behavior change support are removed from an otherwise identical program.
"The data shows that accountability and real-time support change how people respond to a structured program and in their adherence patterns and metabolic outcomes," Jonnalagadda added. "A coach addresses the specific barriers that cause people to stall and provides human accountability, and that's a fundamentally different kind of intervention than a notification or a digital tracker."
As obesity medications, programs and solutions continue to flood the market, peer-reviewed evidence confirms whether success was real. It also helps to shift the focus away from cosmetic weight loss metrics toward building daily habits, support systems and practices that can help improve metabolic health outcomes over time.
FAQ
Q: What makes a weight loss program clinically proven?
A: A clinically proven weight loss program publishes its outcomes in peer-reviewed scientific journals, uses randomized controlled trials with independently verified methodology, and subjects its results to external scientific review. Programs that rely solely on testimonials or internal data lack the third-party validation that clinical research requires.
Q: How do I know if a weight loss program has genuine clinical research behind it?
A: Published randomized controlled trial data in peer-reviewed journals is a reliable indicator. Look for body composition outcomes reported alongside total weight lost and findings presented at independent scientific conferences. A Scientific Advisory Board of externally credentialed researchers further reinforces the program.
Q: What is metabolic health, and how does it relate to weight loss?
A: Metabolic health refers to how well the body's metabolic and biochemical processes function to support overall physiological health. Poor metabolic health can make weight management more difficult and compound other chronic health challenges.
Q: Why does body composition data matter more than total weight lost?
A: Scale weight reduction can happen on a structured weight loss program. What matters clinically is how much of that weight came from visceral fat versus lean mass, and what happened to metabolic markers once the program ended.
* OPTAVIA recommends that you contact your healthcare provider before starting and throughout your weight loss journey. Average weight loss on the Optimal Weight 5 & 1 Plan® is 12 pounds. Clients are in weight loss, on average, for 12 weeks.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019.
https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the OPTAVIA® 5 & 1 Plan® experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Optimal Weight 5&1 Plan® with support of an OPTAVIA® Coach successfully lost 10x more weight and 17x more fat than those who tried to lose weight on their own.
About Medifast
Medifast (NYSE: MED) is the health and wellness company known for its science-backed, coach-guided lifestyle system. Designed to address the challenges of metabolic dysfunction, the company's holistic approach integrates personalized plans, scientifically developed products and a framework for sustainable habit creation — all supported by a dedicated network of independent coaches.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through targeted metabolic reset. Research demonstrates that the company's comprehensive system activates strong and targeted fat burning to enhance metabolic health and body composition by reducing visceral fat, preserving lean mass and protecting muscle integrity.
Backed by more than 40 years of clinical heritage, Medifast continues to advance its mission of Lifelong Transformation, Making a Healthy Lifestyle Second Nature®. For more information, visit MedifastInc.com.
A randomized controlled trial published in Obesity Science & Practice found that clients on the OPTAVIA Optimal Weight 5 & 1 Plan® who worked with a coach lost significantly more weight and fat than those who attempted the program without coaching support (Arterburn LM, et al., 2019)Higher retention in a weight management program is directly correlated with more significant weight loss outcomes, per a 2024 systematic review and meta-analysisOPTAVIA coaches complete a program-specific education curriculum and must pass a certification exam before supporting participantsIndependent research commissioned by OPTAVIA found that 96% of Americans recognize lifestyle changes are essential for weight loss and management, yet only 17% feel confident they can manage it alone BALTIMORE, MD, May 21, 2026 (GLOBE NEWSWIRE) -- OPTAVIA, a science-backed, coach-guided comprehensive metabolic health system, is built around a core principle: that structured human support changes outcomes. The OPTAVIA coaching model is designed specifically around program guidance, accountability, and real-time emotional support, and its impact is documented in published, peer-reviewed research. High dropout remains one of the most consistent challenges in weight management. A 2024 systematic review published in Frontiers in Nutrition analyzed 37 studies of adults in weight loss treatment and found overall dropout rates ranging from 5% to 62%. A separate 2024 systematic review and meta-analysis published in Preventing Chronic Disease found that higher retention was directly correlated with more significant weight loss outcomes, underscoring that the ability to keep people engaged is as consequential as the program design itself.
"The certification standard and registered dietitian-developed education exist because the coaching relationship should be clinically meaningful. An app can send a notification, but it can't ask how your week went or adjust to what you're actually going through," said Satya Jonnalagadda, PhD, MBA, RD, Vice President of Scientific & Clinical Affairs at OPTAVIA.
KEY FACTS
A 16-week randomized controlled trial found coach-supported clients on the OPTAVIA Optimal Weight 5 & 1 Plan® program lose up to 10 times more weight and 17 times more fat compared to the self-directed control group (Arterburn LM, et al., 2019)There was an average weight loss of 12 pounds on the Optimal Weight 5 & 1 Plan® over an average of 12 weeks, according to the same study (Arterburn LM, et al., 2019) What OPTAVIA Coaches Do
OPTAVIA coaches are accountability partners, real people who guide participants through the program with emotional support and personalized encouragement via texting and phone calls. They are not healthcare professionals and do not provide healthcare advice or clinical guidance. They provide a coaching relationship: helping participants stay on track, work through setbacks, and build the consistency that the program is designed to support.
OPTAVIA coaches complete a program-specific education curriculum developed internally by a team of registered dietitian nutritionists and behavior change experts, focused on how to guide participants through the OPTAVIA program. Coaches must then pass a program certification exam before supporting participants. This internal framework is designed to ensure coaches are prepared for the accountability and support role they play. This approach provides a human layer that research shows makes a meaningful difference in program outcomes.
Coaching Produces Measurable Outcomes
Clinical research has isolated the contribution of human coaching as a quantifiable driver of weight management outcomes. Independent IPSOS research commissioned by OPTAVIA in June 2023 found that 96% of Americans recognize lifestyle changes are essential for weight loss and management, yet only 17% feel confident they can manage it on their own.* The coaching relationship is designed to fill the space between knowing what needs to happen and sustaining the behavior to make it happen.
Clients on the OPTAVIA Optimal Weight 5 & 1 Plan® who work with a coach lose up to 10 times more weight and 17 times more fat than those who attempt the program without coaching support, according to a randomized controlled trial published in Obesity Science & Practice (Arterburn LM, et al., 2019). Those outcomes reflect the cumulative effect of personalized guidance, real-time accountability, and structured behavior change support in weight management programs.
"Behavior change happens in the moments when motivation drops or routines break down," Jonnalagadda said. "A coach who knows your program and your progress can provide the kind of real-time, personalized support that a static program isn't designed to offer."
As weight loss medications, programs, and other solutions continue to expand across the industry, coaching becomes a valuable currency in navigating a saturated market. A coaching relationship that influences adherence patterns, accountability, and support that contributes to long-term metabolic health outcomes is as reliable as the accountability structure behind it. OPTAVIA’s model provides consumers with structure and a human support layer to guide participants through the program.
* Independent IPSOS research commissioned by OPTAVIA, June 2023.
FAQ
Q: What do OPTAVIA coaches do?
A: OPTAVIA coaches are accountability partners who guide participants through the OPTAVIA program, providing encouragement, real-time support, and personalized guidance via texting and phone calls. They are not healthcare professionals and do not provide medical or clinical advice.
Q: What education do OPTAVIA coaches complete?
A: OPTAVIA coaches complete a program-specific education curriculum developed internally by a team of registered dietitians, nutritionists and behavior change experts, focused on how to support participants through the OPTAVIA program. Coaches must pass a program certification exam before supporting participants.
Q: Why does social support matter in a weight management program?
A: Sustained behavior change is difficult without accountability. Social support can help participants maintain nutrition adherence, navigate setbacks, and build the consistent habits that weight management programs are designed to support.
Q: Do coached weight loss programs produce stronger results than self-directed ones?
A: Research on the OPTAVIA program found that clients who work with a coach lose significantly more weight and fat than those who attempt the program without coaching support (Arterburn LM, et al., 2019). That difference reflects what personalized guidance, real-time accountability, and consistent encouragement add to an otherwise identical structured program.
Q: What should consumers look for when evaluating a weight loss program's clinical credibility?
A: Published randomized controlled trial data in peer-reviewed journals is a reliable indicator. Look for body composition outcomes reported alongside total weight lost, findings presented at independent scientific conferences, and a Scientific Advisory Board composed of externally credentialed researchers. The presence or absence of that research trail signals meaningful differences in program rigor.
* OPTAVIA recommends that you contact your healthcare provider before starting and throughout your weight loss journey. Average weight loss on the Optimal Weight 5 & 1 Plan® is 12 pounds. Clients are in weight loss, on average, for 12 weeks.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019.
https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the OPTAVIA® 5 & 1 Plan® experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Optimal Weight 5&1 Plan® with support of an OPTAVIA® Coach successfully lost 10x more weight and 17x more fat than those who tried to lose weight on their own.
About Medifast
Medifast (NYSE: MED) is the health and wellness company known for its science-backed, coach-guided lifestyle system. Designed to address the challenges of metabolic dysfunction, the company's holistic approach integrates personalized plans, scientifically developed products and a framework for sustainable habit creation — all supported by a dedicated network of independent coaches.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through targeted metabolic reset. Research demonstrates that the company's comprehensive system activates strong and targeted fat burning to enhance metabolic health and body composition by reducing visceral fat, preserving lean mass and protecting muscle integrity.
Backed by more than 40 years of clinical heritage, Medifast continues to advance its mission of Lifelong Transformation, Making a Healthy Lifestyle Second Nature®. For more information, visit medifastinc.com.
70% of users discontinued use of lifestyle behavior and health apps within the first 100 days (Kidman PG, et al., 2024)Early weight loss at week four is a strong predictor of clinically relevant outcomes, with research identifying additional counseling and support as key for those showing lower early progress (Coleman CD, et al., 2023)Accountability and self-monitoring are among the most commonly reported factors in sustaining weight loss results, according to a research survey of OPTAVIA coaches and clients (Coleman CD, et al., 2022)In a peer-reviewed clinical trial, participants working with a coach lost up to 10 times more weight and 17 times more fat, and achieved a 14% reduction in visceral fat with 98% lean mass retention (Arterburn LM, et al., 2019) BALTIMORE, MD, May 21, 2026 (GLOBE NEWSWIRE) -- OPTAVIA, a science-backed, coach-guided comprehensive metabolic health system supported by 18 randomized controlled trials and more than 100 peer-reviewed scientific presentations and publications, meets a higher clinical standard than app-only programs. Published clinical data shows that individuals who work with a coach lose up to 10 times more weight and 17 times more fat than those who attempt weight loss on their own (Arterburn LM, et al., 2019). As of 2025, 313 million people used health apps to track fitness and nutrition, and research documents meaningful challenges in sustained engagement with those platforms, a pattern that points to the role human support plays in weight management success (Curry, 2026).
Satya Jonnalagadda, PhD, MBA, RD, Vice President of Scientific & Clinical Affairs at OPTAVIA, explains the difference between the two categories and says, “The question of whether technology can replace human support in weight management has been answered by the data. What the research shows, consistently, is that personal accountability and ongoing human connection change outcomes in ways that an app alone simply can’t.”
KEY FACTS:
OPTAVIA’s clinical approach is supported by 18 randomized controlled trialsOPTAVIA’s research portfolio includes 30+ research studies and analyses, 40+ peer-reviewed scientific journal publications, and 100+ peer-reviewed scientific presentations and publications The Connection Between Coaching, Adherence, and Outcomes
Adherence is a consistent challenge in weight management. One study from the Journal of Medical Internet Research found that 70% of users discontinued use of lifestyle behavior and health apps within the first 100 days (Kidman PG, et al., 2024). Research suggests that when setbacks occur without a support mechanism in place, sustained engagement in health and wellness practices becomes difficult.
OPTAVIA's own clinical data documents the role of structured support in adherence. A secondary data analysis published in Obesity Science & Practice found that early weight loss, specifically at week four, was a strong predictor of clinically relevant outcomes, and that individuals showing lower early progress were identified as candidates for additional counseling and support (Coleman CD, et al., 2023).
A separate research survey of OPTAVIA coaches and clients who had maintained weight loss for a year or more found that accountability and self-monitoring were among the most commonly reported factors in sustaining results (Coleman CD, et al., 2022). In OPTAVIA's clinical trial, participants working with a coach lost up to 10 times more weight and 17 times more fat than those who attempted weight loss independently (Arterburn LM, et al., 2019).
What the Evidence Shows About Weight Loss Outcomes
Scale weight is the metric many programs report because it is the easiest one to show. An individual who loses eight pounds in two weeks might share that number as a testimonial or review on a website. What it does not capture is whether that weight came from fat or lean mass, what happened to visceral fat, or whether the loss was sustained six months later.
In OPTAVIA's clinical trial, participants achieved a 14% reduction in visceral fat over 16 weeks while retaining 98% of lean mass, outcomes that offer a more complete picture of weight loss quality than scale weight alone (Arterburn LM, et al., 2019). Programs that document these outcomes in peer-reviewed research provide individuals with concrete data to evaluate beyond scale weight alone.
How to Evaluate Any Program’s Evidence Base
Evaluating a weight loss program on clinical evidence comes down to a few practical questions, such as:
Does the weight loss program provide data from randomized controlled trials? Are the outcomes reported on body composition or just total weight lost? Is the support model built around a real person or an automated system? The answers vary considerably across programs. Programs that publish their outcomes in peer-reviewed journals provide individuals with concrete data to evaluate, rather than relying solely on marketing claims.
FAQ
Q: What does the research show about weight loss coaching?
A: Studies show personal accountability and ongoing human support may lead to stronger outcomes in sustained behavior change. In weight management specifically, coach-guided programs have documented meaningful differences in weight loss and body composition outcomes compared to self-directed efforts, with adherence and early progress identified as key predictors of long-term success (Arterburn LM, et al., 2019).
Q: How does coaching support adherence in a weight loss program?
A: Research shows that early progress is a meaningful predictor of long-term outcomes and that individuals showing lower early weight loss benefit from additional counseling and support (Coleman CD, et al., 2023).
Q: What body composition outcomes should I look for in a weight loss program?
A: Visceral fat reduction and lean mass preservation are meaningful markers of weight loss quality that go beyond what scale weight captures. Programs that document these outcomes in peer-reviewed research give individuals concrete data to evaluate, specifically whether weight loss reflects fat reduction or loss of lean tissue.
Q: What should I look for when evaluating a weight loss program's evidence base?
A: Peer-reviewed publications from randomized controlled trials, outcomes reported on body composition rather than scale weight alone, and documented data on the role of coaching or support in clinical results are meaningful standards. Programs that publish this data give individuals concrete evidence to evaluate rather than relying on marketing claims.
* OPTAVIA recommends that you contact your healthcare provider before starting and throughout your weight loss journey. Average weight loss on the Optimal Weight 5 & 1 Plan® is 12 pounds. Clients are in weight loss, on average, for 12 weeks.
* Arterburn LM, et al. Randomized controlled trial assessing two commercial weight loss programs in adults with overweight or obesity. Obesity Science & Practice. 2019.
https://onlinelibrary.wiley.com/doi/10.1002/osp4.312. In a clinical study, individuals on the OPTAVIA® 5 & 1 Plan® experienced a reduction of 14% visceral fat and 98% of lean mass was retained at 16 weeks. Those on the Optimal Weight 5&1 Plan® with support of an OPTAVIA® Coach successfully lost 10x more weight and 17x more fat than those who tried to lose weight on their own.
About Medifast
Medifast (NYSE: MED) is the health and wellness company known for its science-backed, coach-guided lifestyle system. Designed to address the challenges of metabolic dysfunction, the company's holistic approach integrates personalized plans, scientifically developed products and a framework for sustainable habit creation — all supported by a dedicated network of independent coaches.
Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through targeted metabolic reset. Research demonstrates that the company's comprehensive system activates strong and targeted fat burning to enhance metabolic health and body composition by reducing visceral fat, preserving lean mass and protecting muscle integrity.
Backed by more than 40 years of clinical heritage, Medifast continues to advance its mission of Lifelong Transformation, Making a Healthy Lifestyle Second Nature®. For more information, visit medifastinc.com.
BALTIMORE--(BUSINESS WIRE)--Medifast, Inc. (NYSE: MED) today announced that its Board of Directors has formally appointed Nicholas Johnson as Chief Executive Officer, effective June 1, 2026. Johnson will succeed Dan Chard as CEO, who will continue to serve as Chairman of the Board. The appointment follows the leadership transition plan that the company disclosed in January and reflects the Board's confidence in Johnson's leadership and the company's strategic direction. Chard will remain active.