Medifast shares its Q3 2020 earnings, revenue up more than 42%

Medifast ReviewIf you’ve been paying attention lately, you’ll notice that Medifast has been getting a lot of hype.

Because it’s new, it’s getting a lot of buzz and if you’re in an online business, I am sure someone will push it on you at some point.

It’s especially popular on social media at the moment.

I do want to let you know that I am NOT affiliated with Medifast as a member or distributor.

My goal is to gather all the facts in one place for you so you can do your research – and it’s all here in my Medifast Review.

Is Medifast a legit business, or is it a complete scam?

Will I be able to build a business with it?

I tell you all about it in my Review of Medifast.

Read below to find out more.

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What Is Medifast?

Medifast, and its popular wellness brand Optavia, just shared its Q3 2020 earnings results. And, simply put, they’re darn impressive. Taking a look through some of the highlights of the report, there are a few numbers that really stick out.

  • There was a revenue increase of 42.8% — bringing the total up to $271.5 million.
  • Active earning for Optavia Coaches increased by 30.7%.
  • Net income went up by 116.7% to a total number of $34.5 million.

Commenting on the Q3 results, Medifast CEO Dan Chard said the following:

“Our business continues to go from strength to strength, with high levels of client demand and engagement among independent OPTAVIA Coaches, accelerated growth and record levels of active earning Coaches.

Our programming efforts this year, along with enhancements to our organization, have given us a foundation for significant progress during the quarter. We continue to make investments to enhance our infrastructure to support our strong growth trajectory.

Medifast Scam

We believe we are well-positioned to capitalize on the ever-increasing focus on health and wellness across the United States and around the world. Our comprehensive solution is resonating with Coaches and Clients everywhere, and we will continue to focus on providing our Clients with the ability to achieve lifelong transformation one healthy habit at a time.”

Like all other MLM companies in 2020, Medifast has had to find ways to work through COVID-19 and adapt its business accordingly. Per Dan Chard, he remains very optimistic about Medifast’s future in spite of those challenges.

“While the COVID-19 pandemic continues to deliver challenges and obstacles to consumer-facing businesses, our entire organization as well as our dedicated Coaches have successfully adapted to the new dynamics. We remain highly confident in our ability to deliver long-term growth to all of our valued stakeholders.”

An earning report like this is impressive during any year, but given everything that’s happened in 2020, it’s that much more noteworthy.

There’s no guessing what the company’s Q4 report will look like, but if it can maintain a similar level of growth that we see for Q3, it’ll be looking at a very bright future ahead of it.

Any Truth To The Medifast Rumours?

Any time a new business opportunity launches, you will always hear rumours about them being scams – so is Medifast a scam?

From reading above, you might already be thinking Medifast is a scam.

So, is it?

Is there a Medifast scam, or is it legit?

To be honest, Medifast isn’t a scam.

However, there are some red flags to be worried about, which I discuss in the conclusion.

See my tips below for helping to make money.

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And Now, My Medifast Conclusion

I hope you have gained value from my Medifast Review.

I have put all the details you need to know here, because all other reviews of Medifast have been fairly limited with details.

If you do decide to proceed with Medifast or any business, you’ll find my free training helpful – I will show you how to make money online.

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