Avon Products, Inc. (NYSE: AVP) recently announced its results for the quarter ended September 30, 2018.
Jan Zijderveld, Avon CEO, said, “As we said at the recent investor day, it is going to take time for us to execute this turn-around. While we are not yet satisfied with the overall quarterly results, I am encouraged by the speed at which initiatives are being adopted in our markets. We are beginning to see benefits from recruiting and training initiatives that have been put in place in countries around the world.”
Mr. Zijderveld continued, “At its heart, Avon is the world’s largest social selling company, focused on improving the lives of women. Rebooting our sales model and returning the 6 million women to the center of everything we do, making it easier for her to succeed with Avon, will ensure our long-term success”.
“While we are still in the beginning stages of our turn-around, we are beginning to see early results of various initiatives. Through Avon Opportunity Meetings, we are bringing significantly more people in our Asia Pacific region, global training programs are exceeding participation goals and faster launched, on-trend beauty products are being met with strong acceptance in the marketplace. We know that in order to make “Her” successful, we have to
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Youngevity Q3 Sales Up 5.4% To $43.5 Million
by Ted Nuyten • • 0 Comments
Youngevity International Delivers Record Revenue for Q3 2016
Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), a global direct marketer of a diversified portfolio of wholesome products and consumer services operating multiple subsidiaries around the world including a “field to cup” vertically-integrated coffee operation today reported financial results for the third quarter and nine months ended September 30, 2016.
Third Quarter 2016 Highlights:
Revenues increased 5.4% over the prior year period to $43.5 million;
Gross Profit increased 5.3% to $26.4 million compared to the prior year period;
Coffee Segment records significant improvement in gross profit and operating margins.
“We are excited to report record revenue for the third quarter 2016. We continue to see improved sales and customer growth in the United States and our international markets,” stated Steve Wallach, Chief Executive Officer of Youngevity International. He continued, “I was proud to
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Herbalife Q3 Sales Up 5% To $1.1 Billion
by Ted Nuyten • • 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.
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