Hot Business News Today

Ex-Google CEO Says the Company Fell Behind AI Rivals Because of Remote Work. Now He's Taking It Back.

by Sherin Shibu • August 15, 2024 • 0 Comments

Eric Schmidt’s talk at Stanford University has been taken down after going viral.

Subway Calls 'Essential' Franchisee Meeting Amid Plummeting Sales

by Carl Stoffers • August 15, 2024 • 0 Comments

The sandwich chain, recently acquired by a private equity firm, called a franchisee meeting to discuss ways to regain market share.

Kevin O'Leary Says He's a 'Huge Fan' of Elon Musk, Wants Him in Trump's Cabinet if Elected

by Emily Rella • August 15, 2024 • 0 Comments

O’Leary’s son works for Tesla.

5 Things You Need to Consider Before You Hire More Staff

by Tom Freiling • August 15, 2024 • 0 Comments

Before hiring new staff for your growing team, take a step back and assess your options.

Why Commitment — Not Just Planning — Is the True Driver of Business Success

by Chris Kille • August 15, 2024 • 0 Comments

Planning provides direction, but true business success is driven by steadfast commitment.

10 Significant Ways A Second Trump Administration Could Impact Your Taxes

by Gene Marks • August 15, 2024 • 0 Comments

Taxes would go down for most of us. But whether or not that’s a good thing is up for discussion.

Mannatech Q2 Revenue 2024 Down 14.9% To $27.7 Million

by Team Business For Home • August 15, 2024 • 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

Hot Business News Today

Returning to Work After a Long Career Break? Remember These 5 Truths to Bounce Back With Confidence.

by Amy M Chambers • August 15, 2024 • 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.