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After a Few Unprofitable Binges, NutriSystem Is Refocused and Ready to Expand
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******************************** After a Few Unprofitable Binges, NutriSystem Is Refocused and Ready to Expand http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1462 NutriSystem -- the Horsham, Pa.-based online weight-loss company -- has bulked up. Its first-quarter 2006 revenues grew 292%, to $146.8 million, and net income rose 592%, with analysts predicting continued sharp increases in 2006. Memories of its bankruptcy filing and litigation woes under previous owners have all but been erased, even as the company plans to target new customer segments and expand internationally. And yet, according to CEO Michael Hagan and president George Jankovic, both of whom spoke at Wharton last month, there has been as much luck and grit as glamour and glitz in the company's rise from the ashes. "Sometimes you learn more from your mistakes than from your successes," says Jankovic.
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