Weight-loss company Medifast Inc. lost more than $3 million over its fourth quarter as revenue plunged more than 11 percent in earnings released Thursday afternoon.
Owings Mills-based Medifast (NYSE: MED) lost $3.4 million, or 28 cents per share, in its fourth quarter ending Dec. 31 — a year after posting a profit of $5.3 million, or 39 cents per share, in the same quarter.
The company shed more than $8 million in revenue year-over-year, posting $62.3 million in the 2014 fourth quarter. Revenue missed Wall Street estimates averaging $69.4 million in analyst polling from Thomson Financial Network and company stock was down more than 8 percent in after-hours trading.
That revenue drop came as Medifast’s two largest moneymaking divisions lost sales. Revenue plunged 12 percent to $45.7 million at the company’s direct sales channel, Take Shape for
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Jeunesse Closes Out February With Record $65 Million In Sales
by Tina Williams • • 0 Comments
Jeunesse welcomes over 81,000 new Distributors in February. The company continues to surpass previous records, remaining steady on a path of unprecedented sales growth.
The company has just announced an astounding $65 million in sales revenue during the month of February, boosting combined sales figures for January and February up 148% over those months in the previous year.
This new peak in sales revenue occurred just two months after the company’s previous record month in December, 2014, when Jeunesse achieved $61 million in sales and added more than 68,000 new distributors.
The latest announcement also revealed that Jeunesse added a total of 81,252 new distributors in February alone, with over 8,000 new distributors joining on the final day of the month.
Significant growth in the US and Canada markets was particularly noteworthy. Sales
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Preiscoin Opens In Germany and Austria
by Ted Nuyten • • 0 Comments
Swiss based Direct Selling company Preiscoin expands into German speaking markets with its website available in this language, starting today.
The company’s main marketing page has been just launched in the German language.
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All PRS transactions are instantaneous and work worldwide. Received funds will appear in your digital wallet immediately without the need to wait for inter-bank sessions, saving time and effort.
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Forevergreen February 2015 Sales Up 70% To $5.2 Million
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, announced today that February 2015 sales increased by 70% when compared to the same month during the prior year.
“For the month of February 2015, sales were approximately $5.2 million compared to about $3 million in February 2014.”
“We are extremely happy to see the continued notable year-over-year growth. Even more intriguing is the increase in daily sales we experienced this past month over January 2015.”
On a per day basis, February sales increased 4% over January sales, a trend we expect to continue over the coming months. The improved logistics and consistency of trackable shipping are continuing to improve net and gross margins.
“We expect March to be the company’s first month with sales in excess of $6 million.