Weight-loss-program provider Medifast (MED -7.1%) slides after missing on its Q1 EPS result but...

|By:, SA News Editor

Weight-loss-program provider Medifast (MED -7.1%) slides after missing on its Q1 EPS result but beating on revenue. Net earnings fell 37% Y/Y as costs related to the company's expansion of its weight control centers have put pressure on bottom line margins. Gross margins also narrowed to 75.1% from 76.3%, primarily due to rising commodity and shipping costs.