Tag Archive for 2016

Hot Business News Today

Vorwerk 2016 Sales Up 4.1% To Euro 3.1 Billion

by Ted Nuyten • May 22, 2017 • 0 Comments

Continued growth, significant investments in the expansion of production facilities, and further development of digital offerings: At today’s press conference in Düsseldorf, the Vorwerk Group Managing Partners, Reiner Strecker, Rainer Genes and Frank van Oers, announced the figures for the past fiscal year, 2016, and the Group’s plans for the coming years.

In the 133rd fiscal year in the history of the company, the Vorwerk Group’s total revenues were up 4.1 percent to 3.1 billion euros (not including VAT). Moreover, the Group generated an increase in business volume, which also includes the new business of the akf group, which totaled 1.2 billion euros. With a volume of 3.8 billion, Vorwerk achieved a year-on-year increase of 4.7 percent.
A look at the German market reveals that the Vorwerk Group is also up on last year. Taken together, all of its German activities generated 7.1 growth in sales to 1.1 billion euros.
At the financial press conference in Düsseldorf, the spotlight was very much on the subject of digitization, which Vorwerk is approaching at many different levels.
“Some of our present products already feature a digital interface, and in the future, all of our products will,” the Managing Partners stated. It is not a question of

Hot Business News Today

Plexus Worldwide Named #39 On DSN Global 100 List

by Ted Nuyten • May 4, 2017 • 0 Comments

Plexus Worldwide, a leading direct-selling health, wellness and weight management company, was just recognized by Direct Selling News (DSN) as the #39 globally on its List of Top Revenue Generating Direct Selling Companies. Last year, the company ranked as #44.
Plexus was also recognized as one of only seven direct selling companies globally in the past year to increase sales over the past year by more than $100 Million.
The DSN Global 100 is a collective effort to show the impact and potential of the $182.8 billion direct selling channel. The 2017 ranking, unveiled online at DirectSellingNews.com and featured in the June issue of Direct Selling News (DSN) magazine, represents aggregate revenue of more than $80 billion from companies based in 17 countries. The new rankings mark growth for the company which last year came in

Hot Business News Today

Jeunesse Receives DSN Bravo Growth Award For Two-Year Sales Growth

by Ted Nuyten • April 20, 2017 • 0 Comments

Global youth enhancement company Jeunesse was honored Wednesday night at the Direct Selling News Global 100 Celebration in Dallas with the Bravo Growth Award, recognizing its increase in annual sales by $1 billion over a two-year period — from approximately $400 million in 2014 to $1.4 billion in 2016.
The event honors the leading companies in the industry through DSN’s annual Global 100 list of the world’s largest direct selling companies.
After breaking into the top 20 in 2016, Jeunesse advanced to the No. 14 spot on the 2017 Direct Selling News Global 100 list.
Jeunesse has enjoyed extraordinary growth since its inception in 2009, with an average annual growth rate of 90%. In 2015, the company became the youngest direct seller to reach billion-dollar annual sales, and ranked No. 481 on the

Hot Business News Today

Monat Global Sales Up From $19 Million To $41 Million in 2016

by Ted Nuyten • March 24, 2017 • 0 Comments

MONAT Global Inc., an entirely owned subsidiary of Alcora Corp. and a U.S. based mostly innovator within the Direct Selling and Hair Care industries, has achieved $41 million in sales in 2016.
In October 2014, Monat Global officially opened their doors for business.
“We have accomplished many milestones to-date”, says MONAT’s CEO Rayner Urdaneta, “but our greatest achievements have been helping people reach their goals, regain their self-confidence, and become better entrepreneurs.”
“We don’t just want them to reach the top, we want to equip them to stay on top with the same drive that brought them there”, says MONAT’s president, Stuart MacMillan.
“As we continue to introduce new products, new tools and new rewards, we are reinforcing for our field leaders that they are in the right place at the right time and

Hot Business News Today

Melaleuca 2016 Sales Up 31% To $1.75 Billion

by Ted Nuyten • February 28, 2017 • 0 Comments

According to very well informed sources Melaleuca has announced that the USA based company experienced a record-setting year in 2016 with annual sales revenues exceeding $1.75 billion in sales, up 31% compared to 2015 ($1.33 Billion)
Melaleuca has become one of America’s most consistent growth companies, for the past 31 years, Melaleuca has experienced exceptional growth. For five consecutive years from 1991 through 1996, the company was listed in the Inc. 500, ranking as one of America’s fastest-growing companies.
Therefore, it is noteworthy that in 2016, Melaleuca grew more in both revenues and customers than in any previous year. Its U.S. and Canadian operations continue to lead in volume.
Melaleuca gained tens of thousands of new customers around the world. There are now more than 1 million households purchasing Melaleuca products on a monthly basis

Hot Business News Today

Avon Products 2016 Sales Down 7% To $5.7 Billion

by Ted Nuyten • February 22, 2017 • 0 Comments

Avon Products, Inc. (NYSE:AVP), a globally recognized leader in direct selling of beauty and related products, announced its results for the fourth quarter and fiscal year ended December 31, 2016.
“We made good progress in the first year of our Transformation Plan, exceeding our cost savings targets, improving our profit margin, and significantly strengthening our balance sheet.
However, the financial results for the fourth quarter were disappointing, largely due to the decline in Active Representatives and an unexpected increase in bad debt expense,” said Sheri McCoy, Chief Executive Officer, Avon Products Inc.
“As we move into 2017, we are taking actions to deliver more consistent performance across our markets, with Representative engagement remaining a key priority in our growth plan, while navigating continued challenging global economic and political headwinds.”
Highlights for Fiscal 2016:

Revenue declined 7% to

Hot Business News Today

Nu Skin Q4 Sales Down 7% To $531 Million

by Ted Nuyten • February 19, 2017 • 0 Comments

Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth-quarter results with revenue of $531.3 million, compared to $572.2 million in the prior-year period. Quarterly revenue was negatively impacted 1 percent by foreign currency fluctuations. Earnings per share for the quarter were $0.69, compared to $0.62 in the prior-year period.
The company’s earnings per share in the fourth quarter included a negative $0.10 impact from a tax charge related to the enactment of a new U.S. tax regulation in December.
The company also reported full-year 2016 revenue of $2.21 billion, compared to $2.25 billion in 2015. Annual revenue was approximately even on a local-currency basis but was negatively impacted 2 percent by a strong U.S. dollar. Earnings per share for 2016 were $2.55, compared to $2.25 in 2015.
The company also reiterated guidance provided at its 2016 investor day in December

Hot Business News Today

Immunotec Annual Revenue Up 28.6% To $109 million

by Ted Nuyten • January 31, 2017 • 0 Comments

Immunotec Inc. (TSXV: IMM), a direct-to- consumer company and leader in the nutritional industry (the “Company” or “Immunotec”), announced its fourth quarter financial results for Fiscal 2016. All amounts in this press release are in Canadian dollars unless otherwise indicated.
“Annual revenues surpassed our expectations and reached an all-time high of $109 million, reflecting solid performances in all regions by Immunotec’s Consultants and Employees.
The weakness of the Mexican Peso significantly impacted profitability during the fourth quarter. On a currency neutral basis, we estimate that this volatility reduced the Adjusted EBITDA1 by approximately $3.4 million compared to last year”, said Charles Orr, Chief Executive Officer.
QUARTERLY PERFORMANCE HIGHLIGHTS

Network sales amounted to $29.7M, an increase of 30.7% over last year, while sponsoring1 of new customers and consultants increased by 50.9% over last year.

Network sales in

Hot Business News Today

The business highs and lows of 2016

by Ben Lobel • January 3, 2017 • 0 Comments

The year 2016 may well go down in history as one of the most turbulent years of recent decades; national strikes, ever-changing interest rates, The Great British Bake Off leaving the Beeb, and, of course – Brexit. But from every challenge, we, of course, can take a lesson – so what can we take from
The post The business highs and lows of 2016 appeared first on Small Business.

Hot Business News Today

Herbalife Q3 Sales Up 5% To $1.1 Billion

by Ted Nuyten • November 2, 2016 • 0 Comments

Herbalife Ltd. (NYSE: HLF) reported third quarter 2016 volume growth of 6% and net sales of $1.1 billion, reflecting an increase of 2%, each compared to the prior year period.
Third quarter net sales, excluding the impact of currency, grew by 5%.
On a reported basis, third quarter 2016 net income was $87.7 million, or $1.01 per diluted share, compared to net income of $93.6 million or $1.09 per diluted share for the third quarter in 2015.
Adjusted1 earnings for the quarter were $1.21 per diluted share compared to $1.262 per diluted share for the comparable quarter in 2015. Due to currency fluctuations, third quarter 2016 reported and adjusted1 net income were each negatively impacted by $17.9 million, and reported diluted EPS and adjusted1 diluted EPS were each negatively impacted by $0.21.

Third

Page 1 of 2

1 2 »