MEDIFAST INC (MED) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.434 Greetings and welcome to the Medifast second quarter 2026 earnings conference call. 00:00:05.434 -- 00:00:09.275 At this time, all participants are in a listen-only mode. 00:00:09.275 -- 00:00:13.097 A brief question and answer session will follow the formal presentation. 00:00:13.097 -- 00:00:17.579 If anyone should require operator assistance during the conference, please press star 00:00:17.579 -- 00:00:24.402 zero on your telephone keypad. As a reminder, this conference is being recorded. 00:00:24.583 -- 00:00:28.945 It is now my pleasure to introduce your host, Steven Zenker, Vice President, Investor 00:00:28.945 -- 00:00:31.961 Relations. Thank you, sir. You may begin. 00:00:31.961 -- 00:00:37.583 Good afternoon, and welcome to Medifast's second quarter 2026 earnings conference call. 00:00:37.583 -- 00:00:42.525 On the call with me today are Nick Johnson, Chief Executive Officer, and Jim Maloney, 00:00:42.525 -- 00:00:47.407 Chief Financial Officer. By now, everyone should have access to the earnings release 00:00:47.407 -- 00:00:52.529 for the second quarter ended June 30, 2026, that went out this afternoon 00:00:52.529 -- 00:00:58.293 at approximately 4.05 p.m. Eastern Time. Thank you for watching. 00:01:12.431 -- 00:01:16.434 We would like to remind everyone that today's prepared remarks contain forward-looking 00:01:16.434 -- 00:01:21.018 statements and management may make additional forward-looking statements in response 00:01:21.018 -- 00:01:22.719 to your questions. 00:01:22.719 -- 00:01:28.143 The words believe, expect, anticipate and other similar expressions generally 00:01:28.143 -- 00:01:33.568 identify forward-looking statements. These statements do not guarantee future performance 00:01:33.568 -- 00:01:37.099 an...