Nutrisystem, Inc. (NASDAQ:NTRI) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On October 25, 2017, Nutrisystem, Inc. (the "Company" or "Nutrisystem") issued a press release announcing its financial results for the quarter ended September 30, 2017. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On October 25, 2017, Nutrisystem issued a press release announcing its financial results for the quarter ended September 30, 2017. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 8.01 Other Events.
On October 25, 2017, Nutrisystem issued a press release announcing that its Board of Directors has authorized a new share repurchase program to replace its existing share repurchase program that expires on November 3, 2017. to the new program the Company may repurchase up to $50 million of the Company’s outstanding common stock over a 24-month period commencing November 4, 2017. The share repurchases will be made in open market transactions at prevailing market prices. The timing, number and amount of any shares repurchased will be determined by Company management at its discretion and will be based on a number of factors, including its evaluation of general market and economic conditions, the trading price of the common stock, regulatory requirements, and compliance with the terms of the Company’s outstanding indebtedness. Nutrisystem expects to fund the new share repurchase program from cash on hand and available borrowings. The new stock repurchase program may be suspended or discontinued at any time without prior notice. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
The following press release is included as an exhibit to this report and is furnished under item 2.02.
Exhibit Index
NUTRI SYSTEM INC /DE/ ExhibitEX-99.1 2 ntri-ex991_6.htm EX-99.1 ntri-ex991_6.htm Exhibit 99.1 Contact: John Mills,…To view the full exhibit click here
About Nutrisystem, Inc. (NASDAQ:NTRI)
Nutrisystem, Inc. (Nutrisystem) is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery), where it sends approximately four-week meal plan on an ongoing basis until notified of a customer’s cancellation. The Company offers its pre-selected favorites food pack or personalized plans, where customers can hand pick their entire menu or customize plans to their dietary preference. Its meal plans feature approximately 150 menu options at different price points, including frozen and ready-to-go entrees, desserts, snacks and shakes.