NutriSystem Inc (NTRI.O) said it agreed with Walgreen Co WAG.N to exclusively sell its weight-loss program for diabetics at Walgreen stores from Christmas day, sending NutriSystem shares up 9 percent to a new year-high.
Walgreen, the largest U.S. drugstore chain, will retail NutriSystem D weight-loss program, which caters to people with type 2 diabetes who want to lose weight, NutriSystem said in a statement on Monday. NutriSystem weight-loss program cards will be sold in the diet section of about 7,000 Walgreen stores and also on walgreens.com, the company, which sells prepackaged, portion- and calorie-controlled meals, said.
The company had earlier tied up with Costco Wholesale Corp (COST.O) and Wal-Mart Stores Inc (WMT.N), and the current deal takes NutriSystem's retail presence to about 10,000 retail locations in the United States.
Separately, NutriSystem said it also tied up with Wal-Mart's warehouse division Sam's Club for its 35-day weight-loss program, which will be available in late December.
Shares of NutriSystem rose 9 percent to a new year-high of $28.32 in late morning trade on Nasdaq.