Monthly Archives: November 2018

Youngevity Q3 Sales Down 12% To $39 Million

Youngevity International, Inc. (NASDAQ: YGYI ), a leading omni-direct lifestyle company, today reported financial results for the third quarter and nine months ended September 30, 2018.
Steve Wallach, CEO and Co-Founder of Youngevity stated,
“The third quarter’s revenue was negatively impacted by supply chain challenges experienced predominantly in our international markets and a policy change implemented by our finance company within the coffee segment, however, despite these challenges, our year to date numbers continue to improve over last year in key financial metrics including Revenue, Operating Income and Adjusted EBITDA.
Youngevity President and CFO, Dave Briskie stated,
“We are not satisfied with our sliding revenue for the third quarter, however we are pleased to see our margins as a percentage of revenue showing significant progress this quarter.  We have been eliminating promotions that drive top line revenue at the expense of profits and we are seeing a positive trend toward our stated goal of improving operating profits and Adjusted EBITDA in 2018.
We intend to focus the balance of this year on improving our balance sheet, driving international growth, and positioning the coffee segment to execute its significant green coffee contract that we anticipate will greatly impact the performance of the coffee segment in 2019.”
THIRD QUARTER

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Listen to our new podcast, Small Business Snippets!

We’ve launched a new podcast called Small Business Snippets. Each 15-minute episode will feature a one-on-one discussion with a small business owner about something that is significant to them. The first collection is centred around small business milestones. In the first episode, Anna Jordan talks to one entrepreneur who, after running a successful rental accommodation
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The best place to start a business in the UK

Brighton is the best place to start a small business in the UK, based on new research. The study, compiled by Informi, studied a range of factors from the 63 largest towns and cities in the UK to determine which created the friendliest environment for small and medium-sized businesses to succeed. The small business support
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