Tuesday after the bell, weight management company Nutrisystem, Inc. (NTRI) reported a decrease in profit for the third quarter, compared to the year-ago period as revenues declined significantly on lower demand for products and services. The company also provided its earnings expectations for the full year 2009.
Nutrisystem's profit declined to $8.45 million or $0.27 per share from $13.53 million or $0.43 per share in the year-ago period. Income from continuing operations decreased to $8.51 million from $13.69 million a year ago. On a per share basis, income from continuing operations decreased to $0.27 per share from $0.44 per share.
Analysts polled by Thomson Reuters expected earnings of $0.24 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue decreased to $127.0 million from $162.7 million in the year-ago period on lower sales of weight management products and services.
Total costs and expenses for the quarter decreased to $113.75 million from $140.56 million a year earlier. For the nine-month period, net income declined to $26.07 million or $0.84 per share from $49.58 million or $1.53 per share last year. Revenue decreased to $421.53 million from $573.17 million a year ago.
Going forward, the company expects earnings of $0.99 to $1.01 per share for the full year. Analysts expect earnings of $1.00 per share for the full year.
The company has also announced a quarterly dividend of $0.175 per share; payable on November 16, 2009, to shareholders on record as of November 6, 2009.
NTRI closed Tuesday's regular trading session at $18.93, down $0.38, on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.