Tag Archive for 2017

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Plexus Worldwide Achieves $562 Million In Revenue In 2017

by Ted Nuyten • May 7, 2018 • 0 Comments

Plexus Worldwide (Plexus), a worldwide, leading direct-selling health and wellness company focused on health and happiness, was recognized by Direct Selling News as the #39 globally on its List of Top Revenue Generating Direct Selling Companies.
The ranking is based on 2017 revenue reported by each company, with Plexus coming in at $562 million.
The DSN Global 100 is a collective effort to show the impact and potential of the $184 billion direct selling channel. The 2018 ranking, unveiled online at DirectSellingNews.com and featured in the June issue of Direct Selling News (DSN) magazine, represents aggregate revenue of more than $82 billion from companies based in 17 countries. The DSN ranking shows growth for Plexus, which increased revenue by $30 million over the previous year while maintaining its ranking.
In April, DSN also named Plexus one of the “Best Places to Work” in the industry. Only a dozen other direct selling companies earned this recognition, and all were considered equal honorees and recognized collectively.

“We are so proud of all our Ambassadors and corporate team members who work so hard to make Plexus an organization that proves itself year after year in a crowded direct selling industry,”

said Tarl Robinson, CEO and Founder

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Kannaway 2017 Sales Up 270% To $15.9 Million

by Ted Nuyten • April 20, 2018 • 0 Comments

Medical Marijuana, Inc. (OTC PINK: MJNA), the first-ever publicly traded cannabis company in the United States, today announced financial results for the quarter and year ending December 31, 2017 and provided an overview of recent operational highlights.
The Company continued to show strong growth throughout the year, as 2017 revenue increased to over $26.5 million, an increase of more than 230% over 2016. Quarterly revenue for Q4 2017 grew to more than $9.4 million, an increase of more than 250% over Q4 2016 and a sequential increase over Q3 2017 of 17%.
Additionally, Medical Marijuana, Inc. subsidiary Kannaway® experienced significant growth with 2017 revenue of $15.9 million, an increase of nearly 270% over 2016.
“2017 was a historic year for cannabis legalization across the United States and the world and Medical Marijuana Inc. is proud to be on the forefront of groundbreaking industry lines,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus.
“It is clear that the botanical and pharmaceutical side of cannabis is here to stay, which strengthens our belief in our long-term plans to continue to build shareholder value.”
Titus continued, “Medical Marijuana, Inc. and its subsidiaries experienced substantial growth in 2017, breaking record after record in sales achievements. Our leadership teams have expanded greatly including international growth in Europe, Brazil, and Mexico. We feel that we

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Arbonne Close To $600 Million In Sales For 2017

by Ted Nuyten • March 31, 2018 • 0 Comments

In a recent interview in Haute Living, CEO Kay Zanotti disclosed an annual revenue of close to $600 million. Recently Arbonne International was acquired by Groupe Rocher.
In 2010, you turned around the fortune of Arbonne International. What was your strategy?
“While we were preparing to go through the financial restructuring, I had the challenging task of building trust with our Arbonne independent sales force, who were acutely aware of the need for the bankruptcy.
We were able to get through the bankruptcy in 37 days, which helped build their belief back, as well as that of our 800 plus employees.
We then set about building our five-year strategy, which gave us the glide path to our sustainable business growth, which is now approximately a nearly $600 million-dollar business in seven countries.

Today, Arbonne has a sales force that is almost 100 percent female and management that is half female. How much time did it take you to build such a team and what does it mean for the business?
“Our sales force is primarily female, and we welcome the increasing number of men who are joining based on our more holistic wellness positioning. For both women and men, the Arbonne community represents freedom from the 8

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Mannatech Reports 2017 Q4 Net Sales Up 8.9% to $46.4 Million

by Nicole Dunkley • March 29, 2018 • 0 Comments

Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its fourth quarter of 2017.
Fourth quarter net sales for 2017 were $46.4 million, an increase of $3.8 million, or 8.9%, as compared to $42.6 million in the fourth quarter of 2016. Income (loss) from operations increased to $1.1 million for the fourth quarter 2017, from ($0.2) million in the same period in 2016. Net (loss) was ($3.7) million, or ($1.37) per diluted share, for the fourth quarter 2017, as compared to ($1.1) million, or ($0.42) per diluted share, for the fourth quarter 2016.
On July 1, 2017, we revised our 2017 Associate Compensation Plan, which was designed to stimulate business growth and development for our active business building associates and to maximize the buying experience for our preferred customers. In doing so, the Company hopes to better utilize commission dollars to stimulate Company growth.
The 2017 Associate Compensation Plan provides revised income streams, new leadership levels and titles, and modified various volume requirements for our associates. In addition, the 2017 Associate Compensation Plan re-designated members as preferred customers and modified their pricing structure.
For the three months ended December 31, 2017, Mannatech’s

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Young Living Exceeds $1.5 Billion in Annual Sales For 2017

by Nicole Dunkley • March 23, 2018 • 0 Comments

Young Living Essential Oils, the world leader in essential oils, continues to experience extraordinary growth as the company announced today that its 2017 sales surpassed $1.5 billion. The company has surpassed $1 billion in sales in each of the last three years and its revenues have grown 800 percent over the last five years.

“This significant milestone is a testament to the increased knowledge and education of the benefits of essential oils and a cultural shift to wellness and plant-based products,” said Jared Turner, President and Chief Operating Officer.
“Our dedicated members and customers, whose passion to share the gift of essential oils with millions of people around the world, have played a critical role in helping Young Living to continue to reach new milestones. This allows us to get more of the priceless benefits of our oils into more people’s lives than ever before.”
Young Living continues to fulfill the vision of its Founder and Chairman of the Board D. Gary Young and Chief Executive Officer Mary Young of providing the company’s pure essential oils to every home in the world.
“Young Living’s products support a healthy lifestyle and provide opportunities for people to achieve their goals and aspirations by aligning their work

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Amway 2017 Sales Up 3% to $8.6 Billion

by Ted Nuyten • February 27, 2018 • 0 Comments

Amway has announced sales of $8.6 billion USD for the year ending Dec. 31, 2017.
The company achieved sales gain in several key markets, including South Korea, Thailand and India. Total sales in the second half of 2017 grew by 3 percent, compared to same period of the previous year, led by China and the United States. The company forecasts year-over-year sales growth in 2018.
“We have weathered a challenging period for our business in China that, combined with less than favorable exchange rates, have impacted our sales for a few years,”
Amway President Doug DeVos said.
“That downward trajectory has leveled off and now, with our China business rebounding faster than expected, we are forecasting sales growth in 2018.
Several factors further support the company’s 2018 forecast, including steady growth in bellwether markets like South Korea and Thailand, expanding investments in digital platforms and distributor tools, and new product launches that are exceeding expectations.”
The company’s significant investment in digital platforms is considered a key sales driver in 2018 and beyond.
“Technology is evolving at a rapid pace and we are evolving and investing right along with it,”
said Steve Van Andel, Amway’s Chairman of the Board.
“The next-generation entrepreneur wants to run his or her

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USANA Year 2017 Sales Up 4% To $1.047 Billion

by Ted Nuyten • February 7, 2018 • 0 Comments

USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal fourth quarter and full-year ended December 30, 2017.
Financial Performance
For the fourth quarter of 2017, net sales were $273.1 million compared with $252.9 million in the prior-year period, or an 8.0% increase year-over-year. The weakening of the U.S. dollar positively impacted net sales by $7.4 million for the quarter.
The Company’s total number of active Customers2 increased modestly year-over-year to 565,000.
The Company reported a net loss for the fourth quarter of $5.9 million, or $0.24 loss per share, compared with net earnings of $21.9 million, or $0.87 per diluted share during the prior-year period. The net loss is attributable to a one-time, non-cash charge of $30.1 million, or $1.24 per diluted share, related to the U.S. tax reform3 (the “Tax Reform”) enacted on December 22, 2017.
The charge is largely due to foreign tax credits and other deferred tax assets that the Company will not be able to realize under the new tax laws. Costs related to China and the Company’s internal investigation into its China operations, which was first disclosed in February 2017, negatively impacted fourth quarter net earnings by approximately $2.7 million after tax and earnings per diluted

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PM International 2017 Sales Up 37% To $632 Million Total Sales $2,735 Billion

by Ted Nuyten • January 28, 2018 • 0 Comments

“Incredible what you are doing!”, CEO and founder Rolf Sorg called the more than 3,300 sales partners present at this year’s German kick-off event from the stage.
“And in the year in which we celebrate our 25th anniversary!”
The 54-year-old founder and CEO of PM-International AG currently has every reason to be proud:
The PM Group report $632 million in annual sales in 2017 – an increase of 37.2 percent over the previous year.
In recent years, PM International has developed into a true global player, which not only achieved cumulative sales of $2,735 billion from 2010 to 2017, but also from Germany throughout the European market the USA market and Asia.
PM International is a Triple A classified opportunity by Business For Home, the Top Rank.

About PM-International AG
PM-International AG develops and distributes high-quality, self-developed and largely patented food supplements and cosmetics of the own brands FitLine © and BeautyLine © in the premium segment. The core competency of the company is the nutrient transport concept: the exclusive nutrient transport concept (NTC) always brings the nutrients exactly where they are needed, exactly where they are needed – to the cell level! From inside and outside.
In order to ensure a consistently high product quality, PM-International

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Monat Global Expects $300 Million Revenue For 2017

by Ted Nuyten • October 26, 2017 • 0 Comments

USA-based Monat Global welcomed 3,000 of its Market Partners and guests to Las Vegas the first week of October as the company celebrated its third anniversary and began its fourth year in style.
“All of the Market Partners attending earned this incentive trip for helping make us one of the fastest growing brands in the social selling space,”
said CEO Ray Urdaneta.
“We had a similar trip in the spring, with 500 attending, so this second event is another gratifying demonstration of how much growth we have experienced in the last year.”
“This event was our biggest ever and shows that MONAT opens doors,” added President Stuart MacMillan. “We are truly humbled that at the three-year mark, we were able to bring thousands to Las Vegas and prepare them for the next stage in our remarkable growth. MONAT is on track to have $300 million in total revenue this year, and we owe it to our Market Partners.”
During the event, the company also launched its first holiday gift sets, including hand creams, a shower kit set, a beard care set and a hair tools set.
Monat officially opened its doors in the U.S. in October 2014 and in Canada in October 2015.
Monat Market Partners total

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Thirty-One Gifts CEO Says: We Will Grow Again

by Ted Nuyten • September 18, 2017 • 0 Comments

Personal attention has long been a big piece of the retailer tool box, and it’s become even more critical in an era when customers demand what they want when they want it and where they want it. It’s something that Columbus-based Thirty-One Gifts believes is its competitive edge.
“I actually think we have the advantage here over Amazon or e-commerce,” said Cindy Monroe, founder, president and CEO of Thirty-One.
“We have understood the customer experience for a really long time.”
“We already understand how to connect with customers. Our biggest risk is going to far the other way into digital. The problem in online is it’s hard to create that personal experience. For us, if we do online, it’s still an online party where (sales) consultants are personalizing the product, helping (customers) create a gift.”
Thirty-One Gifts uses an army of sales consultants selling personalized boutique items in house parties as the backbone of its direct-sales business. The business recently went through a cycle of growth, decline and resurgence that Monroe spoke of during the company’s recent annual sales conference at Nationwide Arena.
A decade after its founding in 2003, company revenue peaked at $763 million.
In 2014, revenue dropped to $643 million, then fell again in 2015

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