MED Q3 Earnings Beat, Revenues Fall on Customer Acquisition Challenges
MED's Q3 earnings fell to 35 cents, down from $2.12 last year. Revenue declined 40.6% due to fewer OPTAVIA Coaches and decreased productivity. Management forecasts Q4 revenues between $100M and $120M, reflecting continued challenges. SG&A expenses decreased by 31.8%, but as a revenue percentage, they increased significantly. MED's stock has lost 7.2% over the past three months amid increasing competition.
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