Archive for 'Weight loss'

Zacks Bull of the Day 8-17-15

This Bull of the Day is in the Health and diet category that’s been pushing past all expectations and is now considered a strong buy. Check out Tracey Ryniec’s  post below

Nutrisystem, Inc. is on the right side of the health and wellness debate. This Zacks Rank #1 (Strong Buy) just raised full year guidance for the second time this year.

Nutrisystem is famous for weight loss programs including Nutrisystem My Way, its 28-day food delivery program. Feeding on the healthy food frenzy sweeping the nation, the company’s meal choices including 100 foods which do not contain artificial preservatives or flavors.

Plans can also be customized for specialized diets, including those with Type 2 diabetes or pre-diabetes.

Another Beat and Raise

On July 29, Nutrisystem reported its second quarter results and beat the Zacks Consensus Estimate by 4 cents. Earnings were $0.41 compared to the consensus of $0.37.

Revenue rose 17% to $130.3 million as both direct and retail channels remained strong. Diret rose 15% year over year while retail grew 43%.

Gross profit margin jumped 80 basis points to 52%.

Full Year Guidance Raised

Very few companies are beating and raising this year in tough market conditions, but momentum from early in the year continued. It raised full year guidance for the second quarter in a row.

Earnings are now expected to be in the range of $0.87 to $0.97 up from its previous guidance of $0.81 to $0.91. Guidance is now up sharply from earlier in the year when the company was only looking for $0.73 to $0.83.

Zacks Bull of the Day

Weight Watchers International, Inc. (NYSE: WTW) today announced that its Board of Directors declared its quarterly cash dividend of $0.175 per share of common stock, which corresponds to an annual dividend rate of $0.70 per share.  This quarterly dividend will be payable on October 14, 2011 to shareholders of record at the close of business on September 30, 2011.

About Weight Watchers International, Inc.

Weight Watchers International, Inc. is the world’s leading provider of weight management services, operating globally through a network of Company-owned and franchise operations. Weight Watchers holds over 45,000 meetings each week where members receive group support and learn about healthy eating patterns, behavior modification and physical activity. WeightWatchers.com provides innovative, subscription weight management products over the Internet and is the leading Internet-based weight management provider in the world. In addition, Weight Watchers offers a wide range of products, publications and programs for those interested in weight loss and weight control.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The reports filed by the Company pursuant to United States securities laws contain discussions of these risks and uncertainties. The Company assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review the Company’s filings with the United States Securities and Exchange Commission (which are available from the SEC’s EDGAR database at www.sec.gov, at various SEC reference facilities in the United States and via the Company’s website at www.weightwatchersinternational.com ).

Contact Information:
Investors:
Weight Watchers International, Inc. Brainerd Communicators, Inc.
Sarika Sahni Corey Kinger
Investor Relations (212) 986-6667
(212) 589-2751

http://www.weightwatchers.com

A nationwide notice program authorized by the United States District Court for the District of Utah began today in order to issue notices to purchasers of the weight-loss supplement Akavar 20/50 (“Akavar”). The notices are a result of the Court establishing or “certifying,” in September, 2010, a class action lawsuit about whether the manufacturer’s advertising and marketing of Akavar is fraudulent, deceptive and misleading.

The lawsuit is called Miller v. Basic Research, LLC, et al., Case No. 2:07-CV-871. The Court decided that the Class includes any person who purchased Akavar after seeing or hearing the marketing slogan “Eat all you want and still lose weight.”

The lawsuit alleges that Akavar has not undergone “scientific evaluation” by a “team of doctors,” has not been tested in controlled random clinical trials and that there is no scientific evidence that users of Akavar can “Eat all you want and still lose weight.” The lawsuit seeks money and other benefits for the Class. Defendants deny the claims and allegations in the lawsuit. The Court has not decided whether plaintiffs or defendants are right. The lawyers for the Class will have to prove their claims at a trial set to begin on September 10, 2012.

The Court appointed the law firms of Anderson & Karrenberg; Wilentz, Goldman & Spitzer, P.A.; and Shepherd, Finkelman, Miller & Shah, LLP, to represent the Class as “Class Counsel.”

Those who wish to remain members of the Class don’t have to do anything at this time and will be informed about any claims process that results from the trial or any proposed settlement. Class Members will be bound by all orders and judgments of the Court.

Class Members may exclude themselves from the Class. A detailed notice available at www.AkavarClass.com and 1-877-835-0768, explains how people may exclude themselves. The exclusion deadline is August 15, 2011. Class Members who exclude themselves from the Class cannot participate in any recovery for the Class, and will not be bound by any court orders or judgments in this case.

For more information and a detailed notice, Class Members may visit www.AkavarClass.com or call 1-877-835-0768.

CONTACT: Kevin P. Roddy of Wilentz of Goldman & Spitzer, P.A., +1-732-855-6402; or Scott R. Shepherd of Shepherd, Finkelman, Miller & Shah, LLP, +1-610-891-9880

Web Site: http://www.AkavarClass.com