Tag Archive for 2017

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LifeVantage Q4 Revenue Up 12.6% To $50.6 Million

by Ted Nuyten • September 16, 2017 • 0 Comments

LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its fourth quarter and full year ended June 30, 2017.
LifeVantage is a Tripple A classified opportunity by Business For Home.

“We finished fiscal 2017 on a strong note, posting 12.5% sequential revenue growth compared to the third quarter,” stated LifeVantage President and Chief Executive Officer Darren Jensen.

“I am excited about the progress we have and are making against each of our key focus areas.
We are in a transformational period where we are building the assets to transform our business model into a technology powered solution for both distributors and consumers with enhanced tools, product solutions and business development activities.
As fiscal 2018 progresses, we will be rolling out a series of initiatives that support each of our key focus areas, investing in technologies that set us apart from our peers and investing in our distribution network.
We are laying the groundwork for both near-term growth and long-term success in a new economy with consumers that are more engaged and empowered than ever to leverage the LifeVantage offerings.”
Fourth Quarter Fiscal 2017 Highlights:

Revenue increased 12.5% sequentially to $50.6 million when compared to $45.0 million in the third quarter of fiscal 2017 and decreased 4.5% when compared to

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doTERRA Hosts 30,000 Attendees At Global Convention

by Ted Nuyten • September 7, 2017 • 0 Comments

doTERRA, the world’s leading global essential oils company, and a Triple A Classified opportunity by Business For Home – will host the sold out 2017 doTERRA Global Convention on September 6-9 in Salt Lake City.
Over 30,500 essential oil enthusiasts from 68 countries will gather at the Salt Palace Convention Center for the annual event — the largest single-company convention to date in Utah.
The four-day event sold out in 72 hours and is expected to boost Utah’s local economy by nearly $29 million. doTERRA anticipates an additional 10,000 participants will watch the event via livestreaming.
The convention will promote doTERRA’s mission statement and values, educate attendees on doTERRA products, launch new products and company directives, celebrate doTERRA’s Wellness Advocates and generate ongoing support of current initiatives, including the doTERRA Healing Hands Foundation, Co-Impact Sourcing and more. The convention also will announce new initiatives regarding medical clinics and the state of the art Aromatic Plant Research Center.
Keynote speaker Dan Nevins, an Iraq War veteran and highly decorated soldier, will share his inspirational message of leadership and overcoming adversity. In addition to insightful content and educational opportunities, doTERRA will host a street party featuring a performance by pop singer-songwriter Rachel Platten.
“This year’s convention theme,

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doTERRA Hosts 30,000 Attendees At Global Convention

by Ted Nuyten • September 7, 2017 • 0 Comments

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Nu Skin Q2 Revenue Down $50 Million From $600 Million To $550 Million

by Ted Nuyten • September 6, 2017 • 0 Comments

Nu Skin Enterprises, Inc. (NYSE: NUS) today announced second-quarter 2017 financial results.
The Company reported second-quarter revenue of $550.1 million, which was at the high end of its outlook of $530 to $550 million, and earnings per share of $0.77, which exceeded its outlook of $0.65 to $0.70.
As we move into the second half of the year, we remain focused on executing our three key growth drivers – platforms, products and programs,”
said Rich Wood – CEO.
“In the platforms area, we continue to drive social selling throughout our markets to expand our customer acquisition efforts. To support this strategy, we will introduce several new products at our ‘Nu Skin LIVE!’ global distributor event in October, including our ageLOC LumiSpa device.
Additionally, we will begin to introduce new and enhanced programs designed to more effectively reward our sales leaders to drive growth. The progress we are making with these initiatives gives us confidence in our future,”
Wood concluded.
“Given our strong second-quarter financial results, we are raising our full year 2017 earnings per share outlook to $3.20 to $3.30 and reiterating our annual revenue guidance of $2.26 to $2.30 billion,” said Mark Lawrence, chief financial officer.
“For the third quarter we project revenue of $540 to

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The Association Of Network Marketing Professionals Convention 2017

by Ted Nuyten • May 20, 2017 • 0 Comments

The Association Of Network Marketing Professionals (ANMP) organizes its annual convention and masterclass on June 1 – June 4 in Dallas, Texas, USA.
A MUST be for active MLM and Network Marketing professionals as it is a generic training event.
Speakers are 50+ Millionaire Mentors such as:

Matt Morris
Nat and Chanida Puranaputra
Jordan Adler
Donna Johnson
Amber Voight
Carlos Marin
John Haremza
Tiffaney Malott
Ramin Mesgarlou
Al BalaPreview
Tom and Denice Chenault
Alex Morton
BK Boreyko
Jeff Altgilbers
Rachel Jackson
Kevin Thompson
Garrett and Sylvia McGrath
Armand Puyolt
Rob Sperry
Johnnie Green
Keith Halls
Cedrick Harris, among many others.

For the full list see: www.anmp2017.com/#speakers
The ANMP Annual International Convention has doubled and tripled in size every year for the past three years, to become THE annual event for people in our Profession to hone their skills, elevate their mindset, and have their best year ever.
And 2017 is no exception. In fact, the event is expected to sell out with people attending from hundreds of companies and many countries around the world.
Taking the stage to teach, train and inspire YOU, we’ve assembled the BEST of the BEST – over 50+ Million-Dollar-per-year income earners, internationally-recognized thought leaders, mentors to millionaires, expert panel members and highly-skilled contributors – to make it the largest, best and by far the best VALUE of any event in the history of

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Herbalife Q1 Sales Up 1% To $1.1 Billion

by Ted Nuyten • May 5, 2017 • 0 Comments

“We’ve made a solid start to 2017 exceeding our EPS guidance,” said Michael O. Johnson, Chairman and CEO, Herbalife.
“As we transition this June to our new CEO Rich Goudis and my role as Executive Chairman, we are more resolute than ever in making a profound and lasting effect on the nutritional habits of the world and offering people an opportunity to earn in the process.”
“Healthy living is a growing aspiration for more and more consumers worldwide and we are well positioned to capitalize on this trend. We offer a powerful person-to-person alternative to traditional retail, where consumers give our distributors permission to help them with our extensive range of nutrition products.”
For the first quarter 2017, the company reported net sales of $1.1 billion and volume point growth of 1% compared to the prior year period. China sales and

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Nu Skin Q1 Sales Up 6% To $499 Million

by Ted Nuyten • May 4, 2017 • 0 Comments

Nu Skin Enterprises, Inc. (NYSE: NUS) today announced first-quarter 2017 financial results.
“We are pleased to deliver strong first-quarter results, which demonstrates the progress we made executing on our strategic priorities to increase customer trial and acquisition,” said Ritch Wood, chief executive officer.
“Our quarterly results reflect solid growth in Mainland China, South Asia/Pacific and EMEA.
Our expanding social selling efforts and the continued rollout of ageLOC Me and ageLOC Youth contributed to our strong revenue during the quarter, positioning us to deliver solid performance for 2017.”
“Looking forward, we will continue to focus on accelerating growth, driving innovation throughout our business, and empowering our customers and sales leaders with the products, programs, and platforms they need to succeed in a rapidly-evolving marketplace,” said Wood.
“A key component of our strategy is capitalizing on our early social

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USANA Q1 Sales Up 6.2% To $255 Million

by Ted Nuyten • May 3, 2017 • 0 Comments

USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal first quarter ended April 1, 2017.
Financial Performance
For the first quarter of 2017, net sales increased to $255.3 million, up 6.2%, compared with $240.4 million in the prior-year period.
A stronger U.S. dollar negatively affected net sales by $6.2 million for the quarter with $6.1 million of that change attributable to mainland China. On a constant currency basis, net sales increased by 8.8% for the first quarter of 2017. Net sales growth was driven primarily by an 8.1% increase in the number of active Customers.
Net earnings for the first quarter decreased by 4.2% to $21.4 million, compared with $22.3 million during the prior-year period. Higher operating expenses, primarily in SG&A expense, and a higher effective tax rate negatively impacted net earnings

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ForeverGreen – FgXpress Substantial Doubt To Continue As A Company

by Ted Nuyten • April 27, 2017 • 0 Comments

In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
Duane Bair:

Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history.
With an accumulated deficit of $42.7 million and less than $200,000 of cash on the balance sheet, the company is quickly careening toward complete insolvency.
This year (2017), the company has $1.7 million of debt coming due. Operating cash flow is negative, the balance sheet has $187,000, and the company has been unable to get financing through traditional lenders.
It should not come as a shock that management has finally disclosed that there is substantial doubt regarding their ability to continue as a going concern.

“Through a series of

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ForeverGreen Forecasts 10% Growth For 2017

by Ted Nuyten • March 3, 2017 • 0 Comments

ForeverGreen Worldwide Corporation (FVRG), a leader in the direct marketing industry and provider of unique health-centered products, announced today that in a series of cost cutting initiatives that began at the end of last year, ForeverGreen has embarked on a restructuring exercise to cut expenses and improve productivity.
The company has lowered its fixed costs by about 30% while revenues remain stable. The company anticipates 10%+ growth during 2017, with improved net margins.
“These were necessary steps as the company focuses on delivering higher levels of earnings growth to investors. To this end we have become much more efficient and believe that we can maintain profitability on a monthly basis moving forward.
We have also moved some key management into positions that better fit their skill sets.
Our growth trends for both revenue and earnings are expected to accelerate. This will be a result of growth

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