Medifast Expands Into $30B Sports Nutrition Category With OPTAVIA ACTIVE
Portfolio Pulse from Happy Mohamed
Medifast (NYSE:MED) has announced the launch of a new product line, OPTAVIA ACTIVE, marking its entry into the $30B sports nutrition market. The line includes premium exercise supplements and protein powders, with more products expected next year. The company has also partnered with fitness app Aaptiv to provide guided workouts. The new product line will be launched to the public in September 2023.
July 27, 2023 | 9:17 pm
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POSITIVE IMPACT
Medifast's entry into the sports nutrition market with OPTAVIA ACTIVE could potentially increase its revenue and customer base. The partnership with Aaptiv may also enhance its product offering.
The launch of OPTAVIA ACTIVE allows Medifast to tap into the lucrative sports nutrition market, potentially increasing its revenue. The partnership with Aaptiv enhances its product offering, making it more attractive to customers. This could lead to an increase in its customer base and subsequently, its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100