Synergy WorldWide has announced the steady growth and success reported in the second quarter of 2014. Several highlights from the company’s official Q2 statement are listed below:
Company net sales revenue increased 28.5 percent to $32.5 million, compared to $25.3 million in the second quarter of 2013. This marks the fourth consecutive record-setting sales quarter for the company.
According to Synergy WorldWide, the success has been greatly driven by increased sales in South Korea and Japan. These markets are performing exceptionally well.
The increase in net sales revenue is primarily a result of re-engaged leadership, strong execution, and momentum stemming from both the Global Summit and the launch of Synergy’s SLMsmart weight-management system in Asia Pacific.
A key component of growth in South Korea was the continued adoption of the SLMsmart weight management program. As a result, Synergy’s weight management product category has grown from $0.7 million to $2.2 million, or from 2.7 percent to 6.8 percent of net sales.
Contribution margin increased 36.1 percent to $11.8 million, compared to $8.7 million in the second quarter of 2013, primarily as a result of increased net sales revenue.
Synergy WorldWide then extended their thanks to their corporate team, field leaders, and customers.Synergy WorldWide continued to benefit from their partnership with Sunshine products.
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