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Medifast Among FORTUNE’s 2021 Fastest-Growing Companies List

December 17, 2021 Leave a Comment

Medifast is named to FORTUNE Magazine’s list of the top 100 Fastest-Growing Companies for a third straight year. Medifast ranked number 22 and is the only health and wellness company included on the highly regarded list.

FORTUNE’s annual list ranks the top performing, publicly traded companies. Rankings are determined by revenue growth rate, EPS (earnings per share) growth rate, and three-year annualized total return for the period ending June 30, 2021, with overall rankings based on the sum of the three rankings.

“We’ve achieved tremendous growth and built OPTAVIA into a $1 billion brand that has impacted the lives of more than 2 million people and counting. This is all thanks to our incredible team members and OPTAVIA Community,” said Dan Chard, Chairman and CEO of Medifast. “We’re honored to be recognized by FORTUNE and once again included on the publication’s prestigious list of fastest-growing companies.”

This year’s recognition follows Medifast’s inclusion in the 2020 list, when the company also exclusively owned the health and wellness industry category.

FORTUNE Magazine’s full 2021 100 Fastest-Growing Companies list is available here.

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This Month in History

On June 9, 2017, The Body Shop’s owner L’Oreal announced it had received an offer from Natura Cosméticos to acquire The Body Shop. The proposed transaction would value The Body Shop at EUR 1.0 billion.

This acquisition was completed in September in the same year and The Body Shop joined the Natura group.

The Body Shop, the iconic brand focusing on innovative, nature-inspired products, was founded in 1976 by Anita Roddick in England. It was acquired by L’Oreal in 2006.

In 2020, The Body Shop increased its revenue by 32% within the Natura group. Its 2021 revenue increase was 9%.

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