NutriSystem Provides First Quarter 2006 Outlook, Full Year 2005 Revenues Expected to Be Over $212 Million.HORSHAM, Pa. -- NutriSystem, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NTRI NTRI NCP/Token Ring Interconnection (Cisco) NTRI Narrowband Telecommunications Research, Inc. NTRI Ncp Token Ring Interconnection ), a leading provider of weight management and fitness products and services, today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2005 and the Company's outlook for the first quarter 2006. First Quarter 2006 Highlights --Revenues expected to be between $115 and $120 million - up at least 200% year-over-year. --New customers expected to be least 175,000 for the Direct business - up at least 170% year-over-year. --Earnings per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share expected to be between $0.35 and $0.38. Chairman and Chief Executive Officer, Mike Hagan commented, "The momentum we saw in 2005 has only strengthened. As we begin the year, we are focused on successfully continuing our new customer growth story. Our marketing initiatives continue to fuel our growth and we are satisfied with our customer acquisition costs." Fourth Quarter and Full Year 2005 Highlights --Fourth quarter revenues expected to be between $69 and $70 million, up 775% year-over-year. Full year 2005 revenues are expected to be between $212 and $213 million. --Fourth quarter new customers expected to be least 110,000 for the Direct business - up at least 725% year-over-year. For 2005, the Company expects to report at least 345,000 new customers. --Fourth quarter earnings per diluted share expected to be approximately $0.16 and full year earnings per diluted share expected to be approximately $0.58. "We made significant investments in infrastructure in 2005, particularly in the fourth quarter, to support expected growth in 2006," said James D. Brown, executive vice president and chief financial officer. "The demand we are seeing in the first quarter appears to justify those investments." Management will provide updated first quarter 2006 guidance when it releases its fourth quarter and fiscal 2005 financial results on February 21, 2006. About NutriSystem, Inc. Founded in 1972, NutriSystem (NASDAQ:NTRI) is a leading provider of weight management and fitness products and services. The Company offers a weight loss program based on portion-controlled, lower Glycemic Index gly·ce·mic index n. An index that measures the ability of a given food to elevate blood sugar. glycemic index, n prepared meals. The program has no membership fees and provides free online and telephone counseling telephone counseling The provision of advice and verbalized moral support to a person with a particular need by a group of either volunteers or a paid staff with some level of experience and/or expertise in the area of interest; TC may include crisis . Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Statements regarding NutriSystem's outlook and guidance for the first quarter of 2006, its expectations regarding its ability to continue its growth while maintaining costs, statements about momentum in its business and other statements that are not statements of historical fact constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in NutriSystem, Inc.'s Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its other filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. NutriSystem, Inc. undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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