We reject most applicants to Seedtribe. And it’s rarely because they aren’t good businesses. This seems harsh, but it comes down to our desire to help the companies that make the greatest impact. Our mission is to help companies we think will have the greatest positive impact on our world while delivering great returns to
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Monthly Archives: July 2018
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7 Proven Ways Meditating Prepares You for Success
by Deep Patel • • 0 Comments
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5 Unexpected Millionaire Habits
by Timothy Sykes • • 0 Comments
High-achieving individuals work to become stronger, more knowledgeable and more well-rounded over time.
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Elon Musk's 'Productivity' Email to Tesla Employees Is Required Reading for Every Entrepreneur
by Manish Dudharejia • • 0 Comments
Musk sets very ambitious goals but the problems plaguing Tesla are familiar to anyone trying to get a company running right.
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From Homeless to Hired, This Entrepreneur Always Makes Sure to Pay it Forward
by Business Rockstars • • 0 Comments
Siloh Moses speaks about his time living on the streets and struggling to convince employers of his worth.
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Inside Richard Branson's New Cruise-Line Startup
by Kristin Hunt • • 0 Comments
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After Losing 75 Percent of Her Business, This Entrepreneur Emptied Her Personal Savings to Turn Things Around
by Sandy Rubinstein • • 0 Comments
Sandy Rubinstein, CEO of DX, a digital marketing and advertising firm, emptied her personal savings to bankroll her company for 18 months and get back in the green.
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To Create More Authority for Your Brand, Get Your Own Mobile App
by Michael Georgiou • • 0 Comments
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The Number of New Startups Is Down — and That's OK
by Robert D. Atkinson and Michael Lind • • 0 Comments
The apparent decline in small businesses is not the national emergency some have made it out to be.
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USANA Q2 Sales Up 17% To $301 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal second quarter ended June 30, 2018.
Record second quarter net sales of $301.5 million, an increase of 17.3% year-over-year
Second quarter diluted earnings per share increased 46.2% year-over-year to $1.36 per share
Financial Performance
For the second quarter of 2018, net sales were $301.5 million, compared with $257.1 million in the prior-year period, a 17.3% increase year-over-year. Favorable currency exchange rates positively impacted net sales by $12.5 million for the quarter as compared to the prior-year.
Celavive, the Company’s new skincare line, contributed approximately $7 million in incremental sales for the quarter. In markets where Celavive has launched, skin and personal care products accounted for 9.5% of overall sales in the second quarter of 2018, versus 5.7% a year ago. The Company’s total number of active Customers increased 5.3% year-over-year to 597,000.
Net earnings for the second quarter increased 45.8% to $33.9 million, compared with net earnings of $23.3 million reported in the prior-year period. Earnings per diluted share increased to $1.36 per diluted share, an increase of 46.2% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales and lower relative operating expenses compared to the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the second