Medifast (MED) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

Medifast, Inc. (MED) delivered first-quarter 2024 results, with the top and bottom lines declining year over year. While the bottom line missed the Zacks Consensus Estimate, the top line exceeded the same.Medifast is strategically adjusting its operations to meet the changing demands of the weight-loss industry. This involves expanding its customer outreach through enhanced marketing efforts and entering the medically-supported weight-loss domain in partnership with LifeMD.These steps are designed to increa ...