Tag Archive for 2022

Amway, an entrepreneur-led health and wellness company, today reported sales of $8.1 billion USD for the year ending December 31, 2022. This represents an overall decline from 2021 sales of $8.9 billion due to the strength of the US dollar, the sale of Metagenics, Inc. (a non-direct selling entity), and the ceasing of operations in Russia.
On a constant currency basis, sales for Amway’s direct selling business were up 1.0% representing a third consecutive year of growth. This growth was driven by entrepreneurs all over the world who are dedicated to providing health and wellness solutions to their customers. Several of Amway’s top markets experienced growth in 2022 including Mainland China, South Korea, Hong Kong, Malaysia, Taiwan and Vietnam.
“For more than 60 years, Amway has focused on helping entrepreneurs build rewarding businesses by providing customers with health and wellness solutions that help them live better, healthier lives,”
said Amway Chief Executive Officer Milind Pant.
“Health and wellness is infused in everything we do, which shows in our category sales.
In 2022, our Nutrilite™ brand accounted for more than 50 percent of global sales, representing growth of eight percent for the Nutrition category. In addition, our healthy beauty category, featuring Artistry™ skincare and

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Nu Skin Revenue 2022 Down 17% To $2,230 Million

by Team Business For Home • February 15, 2023 • 0 Comments

Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth quarter and full year 2022 results.
Revenue: $522.3 million; (22)% (7)% FX impact or $(51) million. Earnings Per Share (EPS):
$1.15 or $0.89 excluding restructuring and impairment chargesassociated with the company’s strategic resource reallocation and arecent IRS-approved favorable tax method change, compared to $(0.18) or $1.11 excluding restructuring and impairment charges in Q4 2021.

Customers: 1,147,124; (16)%
Paid Affiliates: 236,956; (13)%
Sales Leaders: 48,737; (21)%

Executive Summary 2022 vs. 2021

Revenue: $2.23 billion; (17)%
(5)% FX impact or $(150) million
Earnings Per Share (EPS):

$2.07 or $2.90 excluding restructuring and impairment charges and a tax method change, compared to $2.86 or $4.14 excluding
restructuring and impairment charges.
“We made steady progress toward our Nu Vision 2025 strategy, despite persistent macro-economic challenges, which primarily included COVID-related disruptions in Mainland China, global inflation and foreign currency headwinds,”
said Ryan Napierski, Nu Skin president and CEO.
“We achieved several key milestones during 2022 including the introduction of our first connected device, ageLOC® LumiSpa® iO, further strengthening our position as the world’s leading beauty device system brand; the rollout of our Vera and Stela apps in all markets, which provide increased consumer and affiliate engagement; and steady advancements with our social commerce model.
While we saw our sales

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Herbalife Revenue 2022 Down 10.3% To $5.2. Billion

by Team Business For Home • February 14, 2023 • 0 Comments

Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the full year and fourth quarter ended December 31, 2022:
Highlights

Full year 2022 net sales of $5.2 billion, a 10.3% decrease compared to the full year 2021. On a constant currency basis1, net sales declined 5.4% compared to the prior year.

Full year 2022 reported diluted EPS of $3.23 and adjusted2 diluted EPS of $3.40, compared to full year 2021 reported and adjusted2 diluted EPS of $4.13 and $4.79, respectively.

Full year 2022 reported net income of $321.3 million and adjusted2 EBITDA of $694.5 million.

Fourth quarter 2022 net sales of $1.2 billion, a 10.4% decrease compared to the fourth quarter 2021. On a constant currency basis1, net sales declined 4.2% compared to the prior year period.

Fourth quarter 2022 reported diluted EPS of $0.55 and adjusted2 diluted EPS of $0.53, compared to fourth quarter 2021 reported and adjusted2 diluted EPS of $0.37 and $0.57, respectively.

Fourth quarter 2022 reported net income of $54.4 million and adjusted2 EBITDA of $130.7 million.

During the fourth quarter, the Company reduced its nominal debt level by approximately $60 million.

Given the rapidly shifting macroeconomic sentiment and backdrop, as well as increased volatility in the market, the Company is not providing FY 2023 guidance.
The Company’s previously announced Transformation

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Natural Health Trends Reports 2022 Q3 Revenue Down 12% to $11.7 Million

by Nicole Dunkley • November 5, 2022 • 0 Comments

Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, recently announced its financial results for the quarter ended September 30, 2022.
Third Quarter 2022 Financial Highlights

Revenue of $11.7 million decreased 12% compared to $13.4 million in the second quarter of 2022 and decreased 18% compared to $14.3 million in the third quarter of 2021.
Operating loss was $145,000 compared to operating income of $215,000 in the second quarter of 2022 and operating income of $479,000 in the third quarter of 2021.
Net income was $47,000, or breakeven per diluted share, compared to net income of $183,000, or $0.02 per diluted share, in the second quarter of 2022 and net income of $471,000, or $0.04 per diluted share, in the third quarter of 2021.
The number of Active Members1 decreased 4% to 41,170 at September 30, 2022 compared to 43,020 at June 30, 2022, and decreased 10% compared to 45,950 at September 30, 2021.

Year-to-Date 2022 Financial Highlights

Revenue of $36.6 million decreased 17% compared to $43.9 million in the first nine months of 2021.
Operating loss was $313,000 compared to operating income of $1.1 million in the first nine