NTRI on NASDAQ

Nutrisystem

Logo: Nutrisystem, Public domain, via Wikimedia Commons⁵

American weight loss product and service company

Nutrisystem is a commercial provider of weight loss products and services headquartered in Fort Washington, Pennsylvania.³ It was founded by Harold Katz.¹ Its shares trade on NASDAQ under the symbol NTRI.¹ Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1972Founded¹

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TickerNTRI on NASDAQ¹
IndustryRetail-Catalog & Mail-Order Houses¹
HeadquartersFort Washington¹
Websitewww.nutrisystem.com
Incorporated inDE⁶
Business addressFort Washington Executive Center, 600 Office Center Drive, Fort Washington, Pa 19034⁶
Filer categoryLarge accelerated filer⁶
Legal formCorporation⁴
LEI529900KSDQFNJTVNHC36⁴
StatusActive⁴
LEI statusLapsed (not renewed)⁴
Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States⁴
Registered withDivision of Corporations, Department of State, 3083385⁴

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Nutrisystem is a commercial provider of weight loss products and services headquartered in Fort Washington, Pennsylvania.³

What it owns

What Nutrisystem reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$98.0M⁸ Dec 31, 2018	$93.1M⁸ Dec 31, 2017	+5.2%
Accumulated depreciation	$69.9M⁸ Dec 31, 2018	$61.6M⁸ Dec 31, 2017	+13.4%
Property and equipment, net	$28.1M⁸ Dec 31, 2018	$31.5M⁸ Dec 31, 2017	−10.8%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$22.2M⁸ Dec 31, 2018	$24.7M⁸ Dec 31, 2017	−9.8%
Marketable securities, current	$59.1M⁸ Dec 31, 2018	$47.6M⁸ Dec 31, 2017	+24.2%

Intangibles and goodwill

Item	Latest	A year before	Change
Intangible assets, net (excluding goodwill)	$12.1M⁸ Dec 31, 2018	$13.1M⁸ Dec 31, 2017	−7.6%
Indefinite-lived intangibles (excluding goodwill)	$84.0K⁸ Dec 31, 2018	$84.0K⁹ Dec 31, 2017	0%

Inventory

Item	Latest	A year before	Change
Inventory, total	$47.8M⁸ Dec 31, 2018	$44.3M⁸ Dec 31, 2017	+7.9%

The story

Founded by Harold Katz in 1972.¹

Nutrisystem's initial product in 1972 was a liquid protein diet, but the company changed its offering after Slim-Fast came to prominence in that market. In 1993, Nutrisystem filed for Chapter 11 bankruptcy as it owed $44 million to lenders. The company laid off 1,800 employees that year.

The company originally offered weight loss counseling and products in brick and mortar centers, but in 1999, Nutrisystem moved to a direct-to-consumer business model, selling its products and programs on the Internet and by telephone.

The company launched its mobile platform in 2010. WebDiet, Inc., a Silicon Valley startup, accused Nutrisystem of stealing their technology, but the case was dismissed in May, 2014.

In 2015, the firm acquired the South Beach Diet brand.

In December 2018, Tivity Health announced that it would acquire the Nutrisystem brand.

On October 19, 2020, Kainos Capital acquired the brand from Tivity Health.

In 2021, Stephen Mikulak was named President of Nutrisystem.

The company is known for its celebrity marketing, which has included Marie Osmond in national advertising. One of its primary competitors is Weight Watchers with the rivalry deemed "diet wars" by the media.

From Wikipedia’s article on Nutrisystem, shared under CC BY-SA 4.0.⁷

Leadership

Who has led Nutrisystem, and when. Pick a name to see everywhere that person has worked.

Chief executive

Joseph M. Redling2008–2012

Chair

Joseph M. Redling2009

President

Chief financial officer

Chief operating officer

19801990200020102020

FounderHarold Katz¹
Chief executive officerJoseph M. Redling May 15, 2008 to Jul 23, 2012¹⁰
ChairJoseph M. Redling Mar 6, 2009 to Mar 6, 2009¹¹
PresidentJoseph M. Redling Sep 14, 2007 to Jul 23, 2012¹²
PresidentDjordje Jankovic Jun 22, 2006 to Jun 22, 2006¹³
Chief financial officerKathleen Simone Apr 11, 2013 to Apr 11, 2013¹⁴
Chief financial officerDavid D. Clark Nov 30, 2007 to Apr 2, 2013¹⁵
Chief operating officerJoseph M. Redling Sep 14, 2007 to Apr 9, 2008¹²
Chief operating officerDjordje Jankovic Jun 22, 2006 to Jun 22, 2006¹³

Board members and other officers (24)

Chief Marketing OfficerKeira Krausz Feb 13, 2013 to Mar 11, 2019¹⁶
EVP & Chief Marketing OfficerMichael R. Amburgey Oct 21, 2011 to Oct 19, 2012¹⁷
EVP of Customer ManagementScott A. Falconer May 22, 2008 to May 18, 2010¹⁸
EVP and Chief Marking OfficerMonica L. Woo Nov 17, 2008 to Apr 6, 2009¹⁹
Chief Technology OfficerBrendon Perero Feb 28, 2006 to Feb 28, 2006²⁰
Chief Information OfficerBruce Blair Mar 2, 2006 to Jul 11, 2008²¹
Chief Marketing OfficerThomas Connerty Mar 29, 2006 to May 16, 2008²²
Board memberBenjamin A. Kirshner Oct 31, 2018 to Mar 11, 2019²³
Board memberPatricia Han Oct 31, 2018 to Mar 11, 2019²⁴
Board memberMichael D. Mangan Jul 2, 2015 to Mar 11, 2019²⁵
Board memberAndrea Weiss Mar 6, 2013 to Mar 11, 2019²⁶
Board memberJay Herratti Apr 23, 2013 to Mar 11, 2019²⁷
Board memberMichael J. Hagan Feb 27, 2012 to Mar 11, 2019²⁸
Board memberPaul J. Guagliardo Jun 8, 2012 to Mar 11, 2019²⁹
Board memberLaura W. Lang Apr 8, 2010 to May 16, 2011³⁰
Board memberJoseph M. Redling Apr 9, 2008 to Jul 23, 2012³¹
Board memberTheodore Leonsis Dec 23, 2008 to May 16, 2011³²
Board memberMichael F. Devine Iii. Jul 27, 2007 to Jun 8, 2012³³
Board memberRobert F. Bernstock Jan 9, 2006 to Mar 11, 2019³⁴
Board memberIan Berg Jan 13, 2006 to May 8, 2009³⁵
Board memberStephen T. Zarrilli Jan 13, 2006 to May 14, 2015³⁶
Board memberWarren Musser V. Jan 13, 2006 to Jun 8, 2012³⁷
Board memberMichael A. Dipiano Jan 23, 2006 to Sep 22, 2008³⁸
Board memberDjordje Jankovic Jun 22, 2006 to Jun 22, 2006¹³

Products and brands

weight loss

Listed on Wikidata.¹

Former names

NUTRISYSTEM COM INCDec 17, 1999 to Feb 8, 2001⁶

Controversies and legal

Efficacy and criticism

A systematic review in 2015 concluded that Nutrisystem "shows promise" because, in the short term, studies have shown that Nutrisystem was more effective at weight-loss than a control group, but found no studies of long-term efficacy.

As of 2019, four weeks of a basic Nutrisystem plan costs the average American customer $274.99. In light of this expense, the Mayo Clinic lists one of the disadvantages of the diet to be its potentially "prohibitive" cost. Obesity specialist Fatima Cody Stanford writes that a potential disadvantage of the diet is that it complicates social eating because a person following the Nutrisystem plan has to follow a distinct dietary program.