Nutrisystem, Inc. (NASDAQ:NTRI) was founded in 1972 and is headquartered in Fort Washington, Pennsylvania, USA, with 487 full-time employees. It is a weight loss service company that, together with its subsidiaries, provides weight management products and services for men and women in the United States.
Headquartered in Pennsylvania, Nutrisystem is a commercial provider of weight loss products and services with a business history of more than 35 years. Nutrisystem provides consumers with more private services. Consumers can use online and telephone consultations to replace traditional physical center visits. In addition, the company also provides food and meal plans. Consumers can order directly online to ensure consumers To obtain proper nutrition while losing weight, the company also provides products such as vitamins and dietary supplements.
Initially, Nutrisystem provided weight loss consulting and products in physical stores. Beginning in 1999, the company switched to a direct sales business model, and in the same year it split the Nutrisystem Direct business and launched network services, including consulting and direct sales. The company sells its products and projects through call centers through 1-800 numbers on the Internet. Nutrisystem’s items have been sold on the QVC TV home shopping network since 2001, and have been sold in Costco stores since 2009 .
Nutrisystem (NTRI) product:
Nutrisystem’s weight loss plan includes 28 days of breakfast, lunch, dinner and snacks, which are sold in 3 packages: Basic, Core and Select.
- Basic package-includes a pre-made, storage-stable, Nutrisystem food menu, non-customizable, starting at $9.82/day.
- Core package-this package allows customized food (must be stable and durable), and includes free consulting services, starting at $10.54/day.
- Select package-In addition to the Core package content, the plan also includes frozen food, starting at $11.96/day.
Nutrisystem (NTRI) History:
- In October 1999, Nutrisystem was listed on the NASDAQ exchange.
- In 2010, Nutrisystem launched its mobile platform. This technology was allegedly stolen by Nutrisystem from the Silicon Valley startup WebDiet, Inc.
- In 2012, Nutrisystem companies to enter the retail industry, and the Kroger grocery store ( Kroger launched the “Everyday” breakfast and snack products Series). In the same year, Dawn Zier joined Nutrisystem as CEO.
- In 2013, Nutrisystem began to sell its 5-day “Jumpstart” series at Walmart .
- In 2015, Nutrisystem acquired the South Beach Diet brand.