Nutrisystem, Inc. announced the appointment of Robin Shallow as Vice President of Public Relations and Corporate Communications. Ms. Shallow will drive consumer and corporate communications strategies for the Nutrisystem brand. She will join the company on May 20. Ms. Shallow served as Executive Vice President of Communications for Rodale, Inc. Most recently, Ms. Shallow was Executive Vice President, Communications and Public Relations for MeetMe, Inc.

Nutrisystem, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $105,384,000 against $128,517,000 a year ago. The decline was driven by the removal of unprofitable revenue streams and weak consumer response to the 2013 creative campaign. Operating loss was $1,085,000 against $6,830,000 a year ago. Loss before income taxes was $1,138,000 against $7,104,000 a year ago. Net loss was $640,000 against $4,481,000 a year ago. Diluted loss per share was $0.02 against $0.16 a year ago. Net cash provided by operating activities was $22,397,000 against $15,072,000 a year ago. Adjusted EBITDA was $3,886,000 compared to adjusted LBITDA of $1,946,000 a year ago. This was driven by an improvement in gross margin combined with careful management of marketing and G&A expenses. Capital additions were $1,555,000 compared to $1,345,000 a year ago. For the second quarter the company expects adjusted earnings per share to be in the range of $0.15 to $0.20 per share. Revenue pressure is expected to continue in the second quarter due to fewer on-program customers entering the quarter, a continued sluggish consumer spending environment, and continued consumer response challenges. This revenue pressure should begin to abate in the second half of the year, as the Company's strategic initiatives begin to take hold. For the full year the company expects adjusted earnings per share to be in the range of $0.23 to $0.33 per share. Gross margins are expected to remain in the low 50% range as the Company continues to focus on price and supply chain management throughout the year. Tax rates are expected to be in the mid-30% range for the year. The company expects CapEx in the range of $11 million to $13 million for the year in support of new initiatives and to support its direct business for future growth. The company also announced that the Board of Directors declared a quarterly dividend of $0.175 per share, payable May 23, 2013, to stockholders of record as of May 13, 2013.

Mr. Warren V. (Pete) Musser formally communicated to Nutrisystem, Inc. his decision to resign from the Board of Directors of the company, effective as of the company's 2013 Annual Meeting of Stockholders, which is scheduled to be held on June 5, 2013. Mr. Musser's resignation, which marks his retirement from the Board after over 10 years of distinguished service, did not involve any disagreement with the other Board members or with management. Prior to his resignation, Mr. Musser served on the Board's Audit Committee.