Mike Monahan, Chief Financial Officer, added, “We continue to execute against our 2013 financial plan of increasing annual profitability while investing in our growth initiatives and returning cash to our stockholders. The upside in second quarter earnings per share has enabled us to increase our guidance for FY 2013. We now expect adjusted earnings per share to be in the range of 27 to 35 cents, up from our previously-announced range of 23 to 33 cents. We are also projecting third quarter earnings per share in the range of 8 to 13 cents, as we expect the year-over-year revenue pressure we realized during the first half of the year to begin to abate.”
Conference Call and Webcast
Management will host a webcast to discuss second quarter 2013 financial results today at 4:30 PM Eastern time. The webcast will include remarks from President and Chief Executive Officer Dawn Zier, Chief Financial Officer Mike Monahan, and Chief Marketing Officer Keira Krausz. A webcast of the conference call will be available live on the Investor Relations section of the Nutrisystem website ( www.nutrisystem.com) and a replay will be available for 30 days. Interested parties unable to access the conference call via the webcast may dial 888-430-8705, and reference conference ID 2531595.
Forward-Looking StatementsInformation provided and statements contained in this press release that are not purely historical, such as third quarter and full year 2013 guidance, and the Company’s financial and operational outlook, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this press release and the Company assumes no obligation to update the information included in this press release. Statements made in this press release that are forward-looking in nature may involve risks and uncertainties. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, without limitation, specific factors discussed herein and in other releases and public filings made by the Company (including filings by the Company with the Securities and Exchange Commission). Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made in this press release.