Herbalife Ltd. (NYSE: HLF) reported second quarter net sales of $1.2 billion. Local currency net sales grew by 1%, while reported net sales declined 11% primarily due to the continuing unfavorable impact of currency exchange rates.
Adjusted1 earnings for the quarter were $1.24 per diluted share compared to $1.55 per diluted share for the same period in 2014.
On a reported basis, second quarter net income was $82.8 million, or $0.97 per diluted share, compared to $119.5 million, or $1.31 per diluted share for the same period in 2014. Second quarter 2015 diluted EPS was negatively impacted by a $0.412 currency fluctuation.
For the quarter ended June 30, 2015, the company generated $197.6 million in net operating cash flow, and invested $16.2 million in capital expenditures.
The company is raising its adjusted diluted EPS
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USANA Reports Record Revenue Of $233.2 Million + 23.9%
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced record financial results for its fiscal second quarter ended July 4, 2015. The Company also increased its financial outlook for 2015.
Financial Performance
Second quarter net sales increased 23.9% to $233.2 million
Second quarter EPS increased 41.2% to $1.92
Number of active Associates increased 40.3% to 397,000
For the second quarter of 2015, net sales increased to $233.2 million, up 23.9% compared with $188.3 million in the prior-year period. The increase in net sales was driven by 40.3% growth in the number of active Associates and 15.2% growth in the number of Preferred Customers. Also included in net sales for the quarter is $5 million in revenue that was deferred during the previous quarter in connection with price increases in China. Fluctuations in currency exchange rates negatively impacted net
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WOR(l)D GN Introduces New Technology
by Tina Williams • • 0 Comments
WOR(l)D GN, announced new innovations to its Istanbul members.
The last stage of the Diamond Life Tour, the event organized by WOR(l)D Global Network in Istanbul, Turkey ended with great success.
Several news announcements were presented to hundreds of networkers in Turkey:
The manager of the company presented two revolutionary products, the result of months of work in the R&D department: Space Station and Space Phone.
The Space Station is the first station in the world able to radiate a powerful signal mcell 5G, a revolutionary technology by which individual users can call, browse or send messages. The Space Station is expected to have unlimited communication abilities with other devices made in WOR(l)D: the Lumina Glasses and the SpacePhone.
By using the new smartphone members will be able to use the network mcell 5G and significantly reduce the costs from telephone companies.
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Solavei Completes ASPIDER Deal
by Ted Nuyten • • 0 Comments
Solavei, the industry-leading social commerce network that provides mobile service to its members, announced today that it has completed its merger with ASPIDER, a Netherlands-based company that provides core mobile infrastructure and services to more than 70 mobile service providers and over 100 million subscribers across the globe.
Solavei will remain a stand-alone entity based in Seattle. Solavei founder Ryan Wuerch will remain CEO of the company and Patrick Meijer of ASPIDER will become President.
“This is a great day for Solavei,” Wuerch said. “The partnership with ASPIDER gives us the opportunity to further enhance our services and add new products to the social commerce network, broadening our ability to rapidly expand the Solavei brand globally. We now can leverage ASPIDER resources to better align our cost structure with our revenue expectations, positioning us
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The MLM Attorney: The Economics Of A MLM Law Suit
by Ted Nuyten • • 0 Comments
Kevin Thompson, the MLM attorney, has published an interesting article about Ligitation. Ligitation is a term for a law suit, action, or cause instituted or depending between two private persons in the courts of (USA) law.
Kevin Thompson:
The Economics of MLM Litigation
Thompson Burton’s MLM law practice often fields questions from companies looking to sue distributors for various reasons. We also take calls from distributors that are being sued by their former network marketing company. We’ve seen the same issues litigated, over and over, from both sides, across the country. The surface reasons for these suits are usually the same: cross-recruiting.
Distributor Sam wants to sue Company XYZ because Sam was terminated after joining a new network-marketing venture. Or Company XYZ sues Distributor Sam for recruiting XYZ distributors for disparaging the company and
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Brig And Lita Hart Join Forces With EvolvHealth
by Ted Nuyten • • 0 Comments
Brig and Lita Hart, icons of the network marketing industry and founders of the Healthy Home Company, are announcing the unification of their Healthy Home mission with the HOPE Movement of EvolvHealth.
In what has been a long-term relationship between the companies for over two years, the founders of both companies have agreed to join their missions of purpose together to change the course of the network marketing industry.
“This decision represents an unparalleled opportunity in the industry for all those who are seeking HOPE – physically, financially, emotionally and spiritually,” said Brig Hart, the entrepreneur responsible for the atmospheric revenue growth in his last business, and responsible for driving over $8 billion of revenue, and recruiting over 3 million people, through multiple network marketing companies over his career.
“My success has been
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Direct Selling Momentum Ranks August 2015
by Ted Nuyten • • 0 Comments
What is Momentum?
Momentum is the magic of Direct Selling – MLM – Network Marketing. The “Holy Grail”.
You need a lot of “Momentum” in your Direct Selling career. Momentum is hard to build, and easy to lose….
If your company is not in our database, please fill in this form Add A Company.
Professionals are looking for momentum to join a new opportunity when they are in the market for a career switch.
Corporate executives or field leaders can create momentum. It represents that important element which transforms individuals, groups, and teams into that unstoppable force. Distributor groups are growing fast and are very successfull. It can happen when:
A new company or product(s) launches.
Successfull corporate executive or field leaders are coming in.
New countries are opening.
(International) conventions are held.
We have compiled this momentum list based on a number
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Bank Of Hungary – Issued Warning For Crypto Currencies
by Ted Nuyten • • 0 Comments
The Bank of Hungary has send a warning against Crypto Currency like Bitcoin and OneCoin.
I have reached out to co-founder and CEO of OneCoin Dr. Ruja Ignatova who stated:
” The Central bank draws attention that OneCoin – like Bitcoin is an investment with risks. As we all know high return potential and high risk go hand in hand, and for sure cryptocurrency or having your money in stocks is riskier than parking your money on a traditional savings account, which earns less than 0.5% interest p.a. We have seen Bitcoin show volatility and reach heights between 200 and 1200 USD.
The article below however does not say that OneCoin or Bitcoin are a pyramid scheme, but that early joiner make more money that late adapter.
OneCoin shows the same development and profit pattern
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The MLM Attorney – Deals Not Disclosed Is Fraud
by Ted Nuyten • • 0 Comments
Kevin Thompson, The MLM Attorney stated:
In December of 2014, I wrote an article titled “MLM Special Deals: The Fraud Ends Now.” The article was about “Business Development Agreements” / confidential deals used by MLM companies to attract networkers. The more success in prior companies, the sweeter the terms. After reaching a deal, the networkers publicly announce, “After some serious due diligence and deep reflection, my heart has led me to join Company ABC….I find their products to be best in-class and their compensation plan to be the most rewarding I’ve ever seen.”
And since the private deals typically require aggressive volume goals, it naturally leads networkers to raid their prior organizations (or cut private deals of their own).
Two things: (1) It’s fraud. It’s a material fact that, if known, affects the
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Morinda Named One Of The Healthiest Companies In The USA
by Ted Nuyten • • 0 Comments
For the seventh year in a row, Morinda has been named one of the Healthiest Companies in America by Interactive Health, proving Morinda’s commitment to its mission of helping people live younger, longer.
The list recognized 158 companies who achieved tremendous success in moving employees from high-risk health status to lower risk and achieving remarkably high employee participation in their wellness program.
Morinda is one of only two Utah-based companies to be included on the list, and has been included on the list each year since 2009.
“These winners are a perfect example of how health outcomes can be improved throughout America,” said Interactive Health President and CEO Cathy Kenworthy. “Working with our company, preventive care programs are about much more than just losing weight or quitting smoking-they are a catalyst to transform the way