With a solid tax plan, you’ll have peace of mind to go out into the world and enjoy the post-tax season sun.
Monthly Archives: May 2024
Hot Business News Today
Hackers Try Steal Money, Personal Information From Executives at the World's Largest Advertising Company Using a Deepfake of the CEO
by Emily Rella • • 0 Comments
Hot Business News Today
Their 'Magic Internet Money' Side Hustle Just Hit $1 Billion in Sales: 'We'd Empty 6 Figures of Cash Onto the Counter. The Bank Teller's Expressions Were Priceless.'
by Amanda Breen • • 0 Comments
Inspired by the concept of decentralized money, Neil Bergquist and Michael Smyer came up with a lucrative idea they believed “would nearly run” itself.
Hot Business News Today
Track Weather and Air Quality with This $40 Storm Watch Radar Subscription
by Entrepreneur Store • • 0 Comments
Hot Business News Today
Betterware De Mexico Expands To The USA
by Team Business For Home • • 0 Comments
Betterware de Mexico S.A.P.I. de C.V. (NASDAQ: BWMX), (“Betterware” or the ‘Company”), has expanded to the U.S. market as Betterware U.S.
The brand recognized for its dedication to creating high-quality, innovative consumer products that enhance everyday living will have its new office headquarters located in Dallas, Texas. International expansion is one of the cornerstones of Betterware’s growth strategy and the U.S. launch coincides with the company’s multi-year period of consistent, organic growth.
The decision to expand into the U.S. was a natural choice because of its proximity to Mexico, and an untapped customer base that already has some familiarity with the brand. The company thoughtfully chose Dallas as the home for its U.S. headquarters because of the city’s superior distribution network and access to Texas’ growing talent pool. Betterware’s Global CEO Andres Campos believes the U.S. expansion is key to unlocking further growth.
“For more than 29 years, we’ve succeeded in providing value and quality in the consumer products we make, only constrained by our geographical location,”
said Campos.
“Our industry knowledge reinforces our belief that U.S. consumers will continue to seek out well-designed products to simplify their lives.
Founded in 1995, Betterware has been the leading direct to consumer company in Mexico, focused on
Hot Business News Today
Vorwerk Group Revenue 2024 Up 4.4% To Euro 3.2 Billion ($3.45 Billion)
by Team Business For Home • • 0 Comments
The Vorwerk Group has successfully concluded a challenging business year 2023. The Group’s total revenue increased to EUR 3.2 billion. The adjusted annual revenue, taking only continuing operations into account, increased by EUR 135 million (+4.4 percent) compared to the previous year.
The “Culinary” division (Thermomix®/Bimby® and Cookidoo®) recorded record sales for the fourth time in a row with a volume of EUR 1,7 billion.
At the same time, the “Cleaning” division (Kobold/Folletto) achieved the second-highest revenue in the history of the Vorwerk Group since 2015 with a sales volume of EUR 860 million (+7.1 percent).
With a revenue of EUR 570 million, the akf bank also contributed to Vorwerk’s success and set a new record with an increase of 14.8 percent.
In light of the numerous challenges and difficult economic conditions, a key driver of the positive business development was once again the consistent commitment to direct sales as a business model. In the core business, sales growth was achieved for the fourth year in a row, driven by an increase in the number of advisors to over 100,000. Overall, sales in the “Culinary” and “Cleaning” divisions and including akf group have increased by almost EUR 720 million since 2019.
At the same time,
Hot Business News Today
Nature’s Sunshine Products Q1 Revenue 2024 Up 2% To $111 Million
by Team Business For Home • • 0 Comments
Nature’s Sunshine Products, Inc. (Nasdaq: NATR) (Nature’s Sunshine), a leading natural health and wellness company offering high-quality herbal and nutritional products, reported financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Financial Summary vs. Same Year-Ago Quarter
Net sales were up 2% to $111.0 million compared to $108.6 million (up 4% in constant currency).
Gross margin increased 33 basis points to 71.2% compared to 70.8%.
GAAP net income attributable to common shareholders up significantly to $2.3 million, or $0.12 per diluted common share, compared to $0.9 million, or $0.04 per diluted common share.
Adjusted EBITDA up slightly to $9.2 million compared to $9.1 million.
Management Commentary
“In the first quarter, our omni-channel approach and high-quality products combined to drive momentum in our business. Specifically, we saw digital sales surge 33% with a 34% increase in new customers, helping our North American business unit grow 5% for the quarter. What’s more, the successful launch of our new Power Line products helped drive improved performance in our European business that further reinforced our positive momentum.
said Nature’s Sunshine CEO Terrence Moorehead,
“These results were somewhat offset by slower sales in Asia/Pacific, which were up 5% in local currency, as the weak economic environment in China finally caught
Hot Business News Today
Beachbody Q1 Revenue 2024 Down 17% To $120 Milion
by Team Business For Home • • 0 Comments
The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading subscription health and fitness company, today announced financial results for its first quarter ended March 31, 2024.
“We are pleased with our performance in the first quarter, beating the midpoint of our revenue and adjusted EBITDA guidance, all while delivering against our strategic initiatives. Most notably, we are excited to announce that we have achieved our first positive free cash flow quarter since 2020,”
said Carl Daikeler, BODi’s Co-Founder and Chief Executive Officer. “
We have had an excellent start to 2024 and for the remainder of the year, we will continue to deliver against the objectives in our turnaround plan.”
First Quarter 2024 Results
Total revenue was $120.0 million compared to $144.9 million in the prior year period.
Digital revenue was $61.5 million compared to $64.8 million in the prior year period and digital subscriptions totaled 1.22 million in the first quarter.
Nutrition and Other revenue was $55.5 million compared to $74.1 million in the prior year period and nutritional subscriptions totaled 0.15 million in the first quarter.
Connected Fitness revenue was $3.0 million compared to $6.0 million in the prior year period and approximately 3,500 bikes were delivered in the first quarter.
Total operating
Hot Business News Today
Primerica Q1 Revenue 2024 Up 8% To $742.8 Million
by Team Business For Home • • 0 Comments
Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended March 31, 2024. Total revenues of $742.8 million increased 8% compared to the first quarter of 2023. Net income of $137.9 million increased 8%, while earnings per diluted share of $3.93 increased 14% compared to the prior year period.
Adjusted operating revenues of $741.7 million increased 7% compared to the first quarter of 2023. Adjusted net operating income of $137.0 million increased 4%, while adjusted operating earnings per diluted share of $3.91 increased 10% compared to the prior year period.
Financial results during the first quarter of 2024 reflected the stability of the Company’s large in-force block of term life insurance, higher investment products sales, appreciation of client asset values, and the impact of higher interest rates on net investment income. Results were partly offset by weakness in the Senior Health business, which reported a loss of $14 million. Distribution results demonstrated sustained momentum in recruiting and the Company’s continued success in licensing new representatives.
“Our financial results reflect the fundamental strength in our core Term Life and ISP segments and the predictability of our model, particularly during uncertain times,”
said Glenn Williams, Chief Executive Officer of Primerica, inc.
“We started 2024
Hot Business News Today
Vestige India Celebrates 20 Years Of excellence
by Team Business For Home • • 0 Comments
Vestige India Pvt Ltd, a front runner in India’s home-grown direct selling industry, has marked a significant milestone in its journey by commemorating 20 years of excellence. The brand celebrated the momentous occasion in the City of Dreams, Mumbai through a special event aimed to recognize and honor the dedication and achievements of Vestige distributors who have been instrumental in the company’s success over the years.
Over the past two decades, Vestige has been at the forefront of the direct selling industry with a steadfast commitment to empowering individuals and encouraging entrepreneurship. Vestige has been dedicated to promoting health and wellness through its wide range of high-quality products in the direct selling industry.
The V20 campaign signifies a journey of growth and creating a difference as Vestige continues to empower individuals and communities through its innovative products and business opportunities.
The event, graced with the presence of Mr. Gautam Bali, MD and Founder, featured motivational speeches, interactive sessions, and networking opportunities aimed at inspiring and empowering distributors to reach greater heights of success in their entrepreneurial journey. It served as a platform for knowledge sharing, skill development, and building camaraderie among Vestige distributors.
Speaking on the occasion of V20, Mr. Gautam Bali, MD and