Medifast raised its full-year guidance for the second time this year and shares continued to surge after the company's profit grew 86 percent in the second quarter and sales beat expectations.
The Baltimore-based dieting and wellness company reported net income of $14.1 million, or $1.16 per share, in the second quarter compared to net income of $7.6 million, or 63 cents per share in the year-ago quarter.
Medifast's sales growth continued to accelerate, rising 55 percent from $75.7 million in…
