NutriSystem Inc. (NASDAQ:NTRI) just released its 2017 first-quarter financial results, posting earnings of 25 cents and revenues of $212 million. Currently, NutriSystem is a Zacks Rank #1 (Strong Buy), and is up 2.78% to $55.55 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $0.25 per share, topping the Zacks Consensus Estimate of $0.16 earnings per share.
Beat revenue estimates. The company saw revenue figures of $212 million, beating our consensus estimate of $202 million.
For Q1, NurtiSystem’s revenue saw a 31% growth from $162.1 million in the first quarter of 2016. Net income increased 193% to $7.5 million from $2.5 million, reflecting the $1.4 million tax benefit.
“Our business continues to show strength. We were able to improve gross and operating margins during the first quarter even as we continued to invest in our new South Beach Diet brand,” said chief financial officer Mike Monahan.
For fiscal 2017, the weight management food retailer expects full year revenue to be in the range of $650 to $665 million, compared to previous guidance of $630 million to $650 million.
“We believe our investments in new products, new brands and further enhancements to the customer experience have us well positioned to achieve our fourth consecutive year of double-digit revenue growth and deliver meaningful ongoing value to our shareholders.” Dawn Zier, president and CEO of NutriSystem, added.
Here’s a graph that looks at NutriSystem’s latest earnings:
NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support.
Check back later for our full analysis on NutriSystem’s earnings report!
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NutriSystem Inc (NTRI): Free Stock Analysis Report
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