Medifast announces second quarter 2023 financial results

Baltimore, aug. 7, 2023 /prnewswire/ -- medifast (nyse: med), the health and wellness company known for its habit-based and coach-guided lifestyle solution,  opta via® , today reported results for the second quarter ended june 30, 2023. second  quarter 2023 revenue of $296.2 million, with revenue per active earning coach of $5,578 independent active earning optavia coaches of 53,100 net income of $30.3 million earnings per diluted share ("eps) of $2.77 cash and cash equivalents of $147.4 million and no interest-bearing debt "we are ahead of our fuel for the future plan with key initiatives aimed at driving efficiency and cost reduction, which helped to mitigate the impact of continued economic headwinds on our revenues during the quarter," said dan chard, chairman & chief executive officer of medifast.
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