In this article, we discuss the 5 largest weight loss companies. If you want to read about some more largest weight loss companies, go directly to 15 Largest Weight Loss Companies.
5. Medifast, Inc. (NYSE:MED)
Market Capitalization: $1.3 Billion
Medifast, Inc. (NYSE:MED), founded in 1991, is one of the biggest weight loss companies in the world. It is a US-based company mainly focusing on nutrition and weight management solutions for growing health and wellness communities. Medifast, Inc. (NYSE:MED) was recently included in a list of the top 100 fastest growing companies in the world by Fortune magazine. It offers clinically proven, portion-controlled weight-loss programs with products to customers which have gained immense recognition in recent years. Medifast has been able to bring a significant impact in the lives of over 2 million people. Medifast, Inc. (NYSE:MED) is a leader in the weight loss management industry with $7 billion in total revenue.
4. Nutrisystem
Estimated Valuation: $1.3 Billion
Nutrisystem, founded in 1972, is one of the leading commercial providers of weight loss products and services. Nutrisystem is a US-based company that offers weight loss programs for both adults as well as senior citizens. One weight loss solution, Nutrisystem MyWay is a structured food-delivery program of the company. The program includes digital platform, NuMi, with multi-day kits and products which are available at selective retail outlets throughout the country. Nutrisystem has more than 400 employees. The diet plan offered by the company is known as a cutting-edge plan for people aiming toward a successful weight loss journey. The company claims that it has helped customers lose more than 1 million pounds in the year 2021.
3. Technogym
Estimated Valuation: $1.5 Billion
Technogym is a company which sells equipment and digital technologies for the purpose of health fitness, and sports. The company, founded in 1983 by the founder Nerio Alessandri, is the official supplier to eight Olympic Games, including the Tokyo 2020 games. The company has 2,300 employees and revenue of $438 million for the year 2021. Technogym has global recognition and is one of the largest weight loss companies in the world. During the global pandemic, the company faced challenges in reaching out to customers across the world, as the fitness centers and physical training clubs were shut down. After the pandemic, the company has again been able to expand the customer base, evidenced by record revenue in 2021.
2. Herbalife Nutrition Ltd. (NYSE:HLF)
Market Capitalization: $1.5 Billion
Herbalife Nutrition Ltd. (NYSE:HLF), also called Herbalife, is a US-based company that develops and sells dietary supplements all over the world. It was founded in 1980 by Mark R. Hughes has around 9,900 employees worldwide. It has operations in 95 countries through a network of 4.5 million independent distributors and members. The company has its own Herbalife Nutrition Institute, where research and development takes place through a specialized team of leading experts from all over the world. The company also supports clinical research at major universities for achieving scientific advances in weight products. The company has reported annual revenues of more than $5 billion.
At the end of the third quarter of 2022, 24 hedge funds in the database of Insider Monkey held stakes worth $852 Million in Herbalife Nutrition Ltd. (NYSE:HLF), compared to 28 in the preceding quarter worth $893 million.
Among the hedge funds being tracked by Insider Monkey, California-based investment firm Route One Investment Company is a leading shareholder in Herbalife Nutrition Ltd. (NYSE:HLF) with 10.8 million shares worth more than $215 million.
In its Q3 2021 investor letter, Bronte Capital, an asset management firm, highlighted a few stocks and Herbalife Nutrition Ltd. (NYSE:HLF) was one of them. Here is what the fund said:
“Herbalife Nutrition Ltd. (NYSE:HLF) is – as we have discussed many times before – a multi-level marketing scheme selling weight-loss shakes. The idea is simple. If I replaced six meals a week with low-calorie protein shakes and I walked an extra 15km a week I would quickly lose 15-20kgs. It would be good for me. It is also well-nigh impossible to do.
One solution is to hire a personal trainer (usually of the opposite sex) and have them nag you. You will do tough stuff for an attractive member of the opposite sex. More realistically you could just have your friends nag you. And that is why this works so well as a multi-level marketing scheme. The person who sells you the shakes has an incentive to keep you on the diet.
We have looked at many distributors and we see a weight-loss program – implemented for (literally) millions of people – which works about as well as any weight-loss health program that ever existed. That still means it fails most of the time – but it works enough that we can be proud of owning this stock and the health benefits it provides. Herbalife, it turns out, grew well during COVID. This was initially a surprise to us – as we thought Herbalife depended on the personal touch to make the sale. But, instead, weight loss and associated social clubs moved online – and – in many cases were the main social outlet the customers had.”
1. Kellogg Company (NYSE:K)
Market Capitalization: $25 Billion
Kellogg Company (NYSE:K) was founded in 1906 and is one of the largest weight loss companies, providing healthy lifestyle choices and foods products. It is a US-based multinational company which manufactures and sells food. The two week Kellogg’s weight loss plan, also known as the Special K diet, is very popular all over the world. Kellogg Company (NYSE:K) reported close to $15 billion in revenue in 2021.
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