NutriSystem Inc. (NASDAQ:NTRI) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
NutriSystem Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.00 in the quarter versus EPS of $-0.15 in the year-earlier quarter.
Revenue: Decreased 17.99% to $105.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NutriSystem Inc. reported adjusted EPS of $0 per share. By that measure, the company beat the mean analyst estimate of $-0.06. It missed the average revenue estimate of $122 million.
Quoting Management: Dawn Zier, President and Chief Executive Officer of Nutrisystem, said, “Profitability improved in the first quarter, indicating that our turnaround is beginning to take root. We continue to be focused on improving customer profitability and ensuring that we maximize the Company’s bottom line. To that end we made good progress this quarter by increasing revenue per customer, average selling price to new customers, and gross margins, as well as reducing overall corporate expenses.”
Key Stats (on next page)…