Tag Archive for Revenue 2023

Hot Business News Today

Beyond Slim 2023 Revenue Up 900% To $15 Million

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Triple A rated Beyond Slim is one of direct selling’s fastest growing companies.

2022 Revenue = $1.5 million
2023 Revenue = $15 million

“We’re so proud of what our Coaches accomplished in 2023!”

states Founder and CEO Ray Faltinsky.

“Our revolutionary Social Referral Marketing® model is resonating with leaders all across the industry and our breakthrough product ZipSlim® has helped thousands become fitter, healthier and happier. And based on January and February sales, 2024 will be another big, record year!”

In February, Beyond Slim launched RSN® Radiant Sleep Nightly, a delicious dreamy cocoa flavored drink mix with cutting edge ingredients scientifically researched to help promote relaxation and more restful sleep while at the same time supporting healthier hair, more youthful skin and stronger nails.

“When you combine a unique new sales model that rewards the many, versus the few, with cutting edge, powerhouse products and an executive team with over 100 years of experience in direct selling, the writing is on the wall.”

Says Rachel Kellogg, Beyond Slim VP of Sales.

“Our growth in 2023 is a fraction of where we will be in the next 12-36 months. An opportunity like this only comes along once every few years.”

About Beyond Slim
At Beyond Slim, nothing is more important

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Hot Business News Today

Nu Skin 2023 Revenue Down 12% To $1.97 Billion

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Nu Skin Enterprises Inc. (NYSE: NUS) announced fourth quarter and full-year 2023 results slightly above its latest guidance.

“While we continue to work toward our long-term vision of becoming the world’s leading integrated beauty and wellness platform, our progress was impacted by persistent macro-economic pressures and disruptions associated with transforming our business,”

said Ryan Napierski, Nu Skin president and CEO.

“This was particularly evident with our fourth quarter results, which were down in our Americas, South Korea and Europe & Africa segments. This was offset by seasonal promotions in Mainland China, stabilization in Japan and modest growth in our Hong Kong/Taiwan segment. In addition, we achieved strong growth in our Rhyz businesses, which accounted for 13 percent of our revenue in the fourth quarter.
“We are committed to generating long-term enterprise value by repositioning our company to win in the rapidly evolving beauty and wellness industries by further transforming our core Nu Skin business and accelerating investment in our rapidly growing Rhyz ecosystem,”

continued Napierski.

“To enhance this transformation, we are reassessing our approach to capital allocation to invest in long-term growth and business evolution. This initiative aims to grant us increased financial flexibility, enabling us to effectively seize forthcoming growth opportunities.
This includes rebalancing our dividend payout ratio to be in line with or better than our industry peers.

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Hot Business News Today

Herbalife 2024 Revenue Down 2.7% To $5.1 Billion

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Herbalife Ltd. (NYSE: HLF) today reported financial results for the fourth quarter and year ended December 31, 2023.
“We continue to modernize Herbalife with a sharp focus on top-line growth and margin expansion for 2024,”
said Michael Johnson, Chairman and CEO.
Highlights
Fourth Quarter 2023

Achieved year-over-year net sales growth on both reported and constant currency basis1
Fourth consecutive quarter of improved year-over-year reported net sales trends
Net sales of $1.2 billion, up 2.9% vs. 4Q ‘22; on constant currency basis1, net sales increased 2.5% vs. 4Q ‘22
Net income of $10.2 million and adjusted EBITDA2 of $108.8 million
Diluted EPS of $0.10 and adjusted diluted EPS2 of $0.28
Achieved cost savings of approximately $27 million related to Company’s Transformation Program, approximately $70 million realized in 2023
Recognized pre-tax expenses of approximately $12 million related to Transformation Program
Continued roll out of all-new Herbalife.com website; now live in markets representing approximately 70% of Company’s sales

Full-Year 2023

Net sales of $5.1 billion, down 2.7% vs. 2022; on constant currency basis1, net sales declined 1.6% vs. 2022
Net income of $142.2 million and adjusted EBITDA2 of $570.6 million
Diluted EPS of $1.42 and adjusted diluted EPS2 of $2.21
Net cash provided by operating activities of $357.5 million; free cash flow2 of $222.5 million

Recent Developments

Initiated process to refinance 2018 Term Loan A and

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Hot Business News Today

Bravenly Global 2023 Revenue up 230% To $19 Million

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Bravenly Global is a Triple A ranked opportunity for 2024, and CEO and founder Aspen Emry  stated on her social media:

“The Bravenly Conference 2024 just wrapped up, and all I can say is wow. This weekend was full of laughter, tears, breakthroughs, and awards upon awards for the hard work of all our Brand Partners in 2023.
If you’re seeing Bravenly all over social media, just know that you’re going to keep seeing us all over. We are early into our fourth year.

Bravenly Global revenue is as follow:

2021 revenue $1,5 Million
2022 revenue $8 Million
2023 revenue $19 Million

“This weekend we launched an incredible new product called Bravenly Fit Fuel (your new BFF), and it’s shipping out as we speak. We announced a second incentive trip for this year.  Our first is to Dominican Republic in June and our second one will be to Turks and Caicos.”

Said Aspen Emry.
Network marketing company, Bravenly Global, has recently made headlines with its noteworthy additions to the team. Top leaders, Ron and Sandy Brittain, renowned Top Leader Dr. Ralph Bietz, industry icon Keith Halls, and top leaders Garrett & Sylvia McGrath have joined Bravenly among many others.
About Bravenly Global
Bravenly Global provides a superior suite of healthy, crave-able lifestyle products that produce

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Hot Business News Today

Earn.World 2023 Revenue Up 100% To $200 Million

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Earn.World has achieved a stunning milestone by surpassing the $200 million mark, establishing itself as a formidable player in the global Network Marketing industry.
Earn.World, under the leadership of CEO Suki Chen, keeps breaking all milestones and building wealth around its affiliates.
With a reported revenue of $100 million in 2022 and over $200 million in 2023, Earn.World has shattered expectations in just a year and a half since its inception. This achievement solidifies its position as the highest-payout network marketing company in 2023.
Earn.World’s journey to this historic milestone has been nothing short of extraordinary. From its humble beginnings, the company has steadily climbed the ranks, showcasing resilience and innovation. The unique strategies employed by Earn.World have not only positioned it as a dynamic force in the industry but have also captured the attention of industry experts and investors alike.
To celebrate this extraordinary journey to the top, Earn.World hosted a dazzling 4-day Ignite Turkey event in Istanbul from February 1st to February 4th.
The event was a major success, with top leaders from around the world actively participating and sharing their commitment and excitement. The massive event showcased exciting activities such as gala dinner, mega launch, city tour, boat trip, and entertainment.

During those

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Hot Business News Today

Go Global Achieves $200+ Million In Revenue In 2023

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According to a Go Global Press Release:

GO Global Proud To Be Recognized As Top Opportunity For 2024.

GO Global, a company that’s still in its pre-launch phase has shown remarkable financial success in 2023. As we approach 2024, it’s time to take a closer look at the unprecedented growth, commissions payout, products, reward retreats and achievements that have positioned GO Global as a triple AAA+ ranked opportunity according to business for home.
For any company, let alone a company still in its first year, GO Global’s financial success is nothing short of remarkable.

The company has notched up an revenue exceeding $200 million in 2023, setting a new standard for success in the industry.

What’s even more exciting is the total potential reward and commission payout of up to 50%, a figure that exceeds the general industry standard of 35%. Add to the fact they are now operating in an estimated 60+ countries with over 200,000 active members.  
Cutting-Edge Digital Products & Solutions
GO Learn, a world-class, cutting-edge education platform . Positioned as a one-for-all solution, this platform has proven to be a game-changer, directly impacting growth, productivity, innovation, and overall success that is available in 10+ languages. 
INFIN8 MONEY is an unprecedented cash card

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Hot Business News Today

Oriflame Revenue And Profit 2023 In A Free Fall

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According to Oriflame:
“Founded in 1967, Oriflame is a social selling beauty company with sales in more than 60 countries. Its portfolio of Swedish, nature-inspired, innovative beauty products is marketed through more than two million members, generating annual sales of almost one billion Euro (2022).”
Oriflame revenue is down 17% in the first 9 months of 2023, and the last 3 months of 2023 the revenue fall is even more 26%. The company loss is €-62.2m. Im May former CEO Magnus Brännström has stepped down after 18 years in that role and has been replaced by Anna Malmhake.
According to a recent press release Oriflame revenue is in a free fall. 20% of the corporate positions will be “affected.” An other press release stated:

Oriflame launched a comprehensive cost and efficiency program to increase profitability and secure long-term growth, while at the same time ensuring continued strategic investments in product and market development.
The program aims to deliver annual cost savings of approximately €45m once fully completed and will affect around 20 percent of the number of positions in the company across all levels and geographies.

Nine months ended 30 September 2023

Euro sales decreased by 17% to €551.9m (€661.0m) and local currency sales by 11%.
The adjusted

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Hot Business News Today

Herbalife Q3 Revenue Down 1.5% To $1.3 Billion

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Herbalife Ltd. (NYSE: HLF) today reported financial results for the third quarter ended September 30, 2023.
“We remain on track to achieve year-over-year net sales growth in the fourth quarter as our trends continue to improve,”
said Michael Johnson, Chairman and CEO of Herbalife.
Highlights

Third quarter 2023 net sales of $1.3 billion, down 1.1% compared to third quarter 2022; on a constant currency basis1, net sales declined 1.5% compared to the prior year period
Year-over-year reported net sales trends improved for three sequential quarters
Third quarter 2023 reported net income of $42.8 million and adjusted EBITDA2 of $163.3 million
Third quarter 2023 reported diluted EPS of $0.43 and adjusted diluted EPS2 of $0.65
Recognized pre-tax expenses of approximately $5 million in third quarter related to Company’s Transformation Program
Cost savings of at least $60 million now expected in 2023 related to Company’s Transformation Program, approximately $20 million realized in third quarter
Repurchased $65.5 million of 2024 Convertible Notes during third quarter
All-new Herbalife.com website, built on Herbalife One platform, launched in Singapore; planned rollout to other markets remains on track

Management Commentary
Herbalife reported third quarter 2023 net sales of $1.3 billion, down 1.1% year-over-year, marking the third consecutive quarter of improved year-over-year net sales trends. On a constant currency basis1, net sales

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