NutriSystem moves higher

NutriSystem issued preliminary first quarter results today with revenues coming in at $216 million compared to the original range the company projected of $200 to $210 million. A management change is also in the works as Joseph Redling, an ex-AOL executive, will take over as CEO. The stock surged up today 24%.

Mr.Redling will be looking to beef up their online strategy to make it more core to the business. The hopes are to add a community feel to this channel, something I had referred to as the social aspect of their business in my original analysis. You can read more details about this guidance from Businessweek's post today.

A good move today, but more details to analyze when they issue first quarter results and hold the earnings call Apr.23rd.