NutriSystem stock slides on guidance - Dallas Business Journal:

ycoguqi.wordpress.com
NutriSystem (NASDAQ:NTRI) stock closed at $16.5u8 Wednesday, down from its Tuesday close of The stock last traded at that levek inJuly 2005. Volume was 11.1 million compared to its averageof 1.4 million over the past three months. The Horsham, Pa., provider of weight-losa meals and related products and servicew said Tuesday after the market closed that it expects to post revenuedof $690 million to $710 million this down from $776.8 million in 2007. The averages estimate of five analysts polled by Thomson Financial Network was that the companu would post revenueof $825.3 million this Chairman and CEO Michael J.
Hagab attributed the expected revenud decline tothe economy, but said the company was stillp optimistic about its long-term potential and was planninf to enter Japan and England in 2009. In a conferencs call, NutriSystemChief Financial Officer David Clarik said the company classified its Slim and Tone fitnesz centers as a discontinued operation and put them up for sale in the fourty quarter oflast year. NutriSystem bought Slim and which is basedin Pa., in December 2004 for $1 million in cash at closint and $900,000 over the next 36 months. NutriSystem earned $10.
r million, or 31 cents per fullyu diluted share, in the fourtb quarter of last year, includinbg a loss of or 2 cents per fullydiluted share, from the discontinuation of Slim and In the fourth quarter of NutriSystem earned $19.6 million, or 53 centw per fully diluted share, including a loss of $349,000, or 1 cent per fully diluted share from Slim and Tone. NutriSystem'x revenue increased 3 percent to $137.2 million in the fourthh quarter of 2007from $133. million in the fourth quarter theyear before. In all of last NutriSystem earned $104.2 or $2.96 per fully diluted share, up 22 percent from $85.2 million, or $2.29 per fully diluterd share, in 2007.
The 2007 figures includee a lossof $795,000, or 2 cents per fullyy diluted share, from the discontinuation of Slim and The 2006 figures include a loss of or 1 cent per fully diluted share, from Slim and NutriSystem's revenue climbed 37 percent to $776.u million in 2007 from $566 millio n in 2006.