This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Nutrisystem's CEO Discusses Q1 2012 Results - Earnings Call Transcript

I'll now turn the call over to Mike Hagan, Chairman of Nutrisystem's Board of Directors.

Mike Hagan

Thanks Joe, and thanks everyone for joining us. I appreciate the opportunity to say hello to the investment community and introduce myself, as it's been a while since I served in its capacity for Nutrisystem.

My main message to you today is that the Board is behind the company in its current strategic plan. Our company has been navigating through some challenging time, I believe and to my other fellow board members that we have a solid foundation in place to recapture positive momentum.

In particular, I'm excited about our first two launch into the retail channel. Joe will provide more detail on our retail plan in a moment that I've been impressed by the thoughtful process and planning that has led us to where we are today. This is simply one of the biggest growth opportunities we've attacked in our current incarnation. And one that we believe will significantly enhance revenues and earnings in the coming years.

We're disappointed to see Joe Redling leave the company. Unfortunately, Joe has added considerable debt to our management team over the past year. And we are well-positioned in staff to continue to execute on our current operating plan.

We are currently in the process of engaging a search front to identify our next company leader and we'll keep you informed of our progress. Joe continues to lead the day-to-day operations. And I look forward to once again working with Joe over the next several months to ensure a smooth transition and keep it focused on our critical growth initiative.

With the eventual resignation of Joe Redling from the Board as well as the pending departures of Board members, Ted Leonsis and Laura Lang, we are also working with a national search front to search an additional candidate for our Board of Directors.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs