Medifast, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 174.74 million compared to USD 348.98 million a year ago. Net income was USD 8.32 million compared to USD 39.97 million a year ago.

Basic earnings per share from continuing operations was USD 0.76 compared to USD 3.68 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 3.67 a year ago.