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Medifast, Inc. (MED) CEO Dan Chard on Q2 2021 Results - Earnings Call Transcript

Aug. 04, 2021 10:44 PM ETMedifast, Inc. (MED)2 Comments
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Medifast, Inc. (NYSE:MED) Q2 2021 Earnings Conference Call August 4, 2021 4:30 PM ET

Company Participants

Reed Anderson - ICR Investor Relations

Dan Chard - Chairman and Chief Executive Officer

Jim Maloney - Chief Financial Officer

Conference Call Participants

Chris Neamonitis - Jefferies

Doug Lane - Lane Research


Good afternoon and welcome to the Medifast Second Quarter 2021 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Reed Anderson of ICR. Please go ahead.

Reed Anderson

Good afternoon, and welcome to Medifast's second quarter 2021 earnings conference call. On the call with me today are Dan Chard, Chairman and Chief Executive Officer; and Jim Maloney, Chief Financial Officer.

By now, everyone should have access to the earnings release for the period ended June 30, 2021, that went out this afternoon at approximately 4:05 pm 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 be available on the Company's website.

Before we begin, we would like to remind everyone that the 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 upon them. Actual results could differ materially from those projected in any forward-looking statements. Medifast assumes no obligation to update any forward-looking projections that may be made in today's release or call. All of the forward-looking statements contained herein speak only as of the date of this call.

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Comments (2)

Shocking 50 point (or 16%) decline after earnings. You would think they lowered guidance (which they did not) or missed expectations (actually was a massive beat) or in any way indicated that sales or profits margins were in some kind of a secular decline.
Des Moines profile picture
we are in a dive~
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