More Wal-Marts to Stock Nutrisystem Weight Loss Kits (NTRI)
Nutrisystem (NTRI) will be upping its production on its 5-Day Jumpstart Weight Loss kits, which will be coming to 3700 Wal-Marts (WMT) by the end of the month. Nutrisystem announced that the increase in production and retail distribution was needed in order to meet growing consumer demand.
The Pennsylvania-based weight loss and diet company is expanding its retail sales as part of the turnaround plan put in place by new CEO Dawn Zier. Nutrisystem was previously focused on selling directly to customers through call centers and online ordering, but branched into the broader retail space in April, when it started selling its Jumpstart Weight Loss kits at 2,000 Wal-Mart stores.
Nutrisystem stock was up nearly 3% today, gaining .28 cents.
The Bottom Line
Shares of Nutrisystem Inc. (NTRI) have a yield of 7.41% based on Thursday’s closing price of $9.45.
Nutrisystem Inc. (NTRI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.8 out of 5 stars.
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