The sandwich chain, recently acquired by a private equity firm, called a franchisee meeting to discuss ways to regain market share.
Monthly Archives: August 2024
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Kevin O'Leary Says He's a 'Huge Fan' of Elon Musk, Wants Him in Trump's Cabinet if Elected
by Emily Rella • • 0 Comments
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5 Things You Need to Consider Before You Hire More Staff
by Tom Freiling • • 0 Comments
Before hiring new staff for your growing team, take a step back and assess your options.
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Why Commitment — Not Just Planning — Is the True Driver of Business Success
by Chris Kille • • 0 Comments
Planning provides direction, but true business success is driven by steadfast commitment.
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10 Significant Ways A Second Trump Administration Could Impact Your Taxes
by Gene Marks • • 0 Comments
Taxes would go down for most of us. But whether or not that’s a good thing is up for discussion.
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Mannatech Q2 Revenue 2024 Down 14.9% To $27.7 Million
by Team Business For Home • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), (“Mannatech” or “Company”), global health and wellness company committed to transforming lives to make a better world, today announced financial results for its second quarter of 2024.
Second Quarter Highlights
Net sales for the quarter ended June 30, 2024 were $27.7 million, as compared to $32.6 million for the same period in 2023, a decrease of $4.9 million, or 14.9%.
On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased $4.2 million, or 12.9%, and unfavorable foreign exchange caused a $0.7 million decrease in GAAP net sales as compared to the same period in 2023. The decline in revenues was principally due to supply chain constraints, items on back order, and some weakening of economic conditions in Asia.
Gross profit as a percentage of net sales decreased to 77.1% for three months ended June 30, 2024, as compared to 78.5% for the same period in 2023, some of the increase in costs were related to increased freight costs related to back ordered items and running some sales promotions on products thereby reducing our margin.
Commission expenses for the three months ended June 30, 2024 decreased by 12.5%, or $1.6 million, to $11.1 million, as compared to $12.7
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Returning to Work After a Long Career Break? Remember These 5 Truths to Bounce Back With Confidence.
by Amy M Chambers • • 0 Comments
Many of us have taken time away from work over the last four years. There are reasons to be anxious about returning, but there are even more reasons to be excited and confident. Here are five of them.
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Squeeze Learning into Your Commute with Headway Premium
by StackCommerce • • 0 Comments
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This Leader Shares How Curb Is Innovating Urban Mobility
by Robert Tuchman • • 0 Comments
Vishal Dhawan, chief product and technology officer at Curb, is using technology and product development to help transform the taxi industry.
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Avon Products Files For Bankruptcy
by Team Business For Home • • 0 Comments
Avon Products, Inc. (“API”), a U.S.-based non-operational holding company of the Avon beauty brand, today announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to address its debt and legacy talc liabilities.
API has not sold products in the U.S. since it divested its North America business in 2016 but remains the holding company of the brand’s non-U.S. operating entities.
Avon’s operating businesses outside the U.S., which continue to advance on strategic initiatives, are not part of the Chapter 11 proceedings, and it is business as usual in Avon’s international markets.
Brazil-based Natura &Co (B3 – NTCO3), which acquired Avon in 2020, has entered into an agreement to purchase the equity interests in Avon’s non-U.S. operations for $125 million in the form of a credit bid, subject to a Court-supervised auction process.
Reflecting its continued belief in the Avon brand, Natura &Co has committed up to $43 million in debtor-in-possession financing that, subject to Court approval, will provide sufficient liquidity to fund API’s obligations during the sale process.
John Dubel, API’s Chairperson, said,
“Today’s action and the proposed sale of Avon’s non-U.S. operations will maximize the value of our assets and enable us to address our