Tag Archive for 2024

Hot Business News Today

Oriflame Q3 Sales Down 19% To €130 Million

by Team Business For Home • October 28, 2024 • 0 Comments

“The Board of directors of Oriflame Holding Limited, the Company and its advisers are proactively exploring options to address its capital structure and are evaluating potential recapitalisation opportunities.
In connection with such efforts, the Company is in constructive and active discussions with a group of investors who are majority holders of the Company’s Euro and USD senior secured notes.
No assurance can be given with respect to the outcome of any such negotiations.”

Three months ended 30 September 2024

Euro sales decreased by 19% to €130.8m (€161.7m) and local currency sales decreased by 16%.
The adjusted EBITDA amounted to €5.4m (€4.1m) and the adjusted EBITDA margin was 4.2% (2.5%). The currency impact on the adjusted EBITDA was 170 bps negative.
The adjusted operating profit was €0.2m (€-1.7m) and the adjusted operating margin was 0.2% (-1.1%).
The adjusted net profit was €6.9m (€-54.2m).
The adjusted cash flow from operating activities was €-10.9m (€-6.9m) and adjusted cash flow before financing activities was €-13.0m (€-13.9m).
Additional non-recurring costs amounting to €1.5m (€20.3m) were recorded during the quarter and excluded from the operating profit (adjusted operating profit).

Oriflame Sales 2018 – 2023
Nine months ended 30 September 2024

Euro sales decreased by 21% to €435.5m (€551.9m) and local currency sales decreased by 17%.
The adjusted

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GOVVI Named As One of Utah’s Fastest Growing Companies in 2024

by Team Business For Home International • August 24, 2024 • 0 Comments

In an exciting milestone, GOVVI, a rapidly growing global e-commerce company, has been recognized as one of Utah’s fastest growing companies in 2024 by Utah Business magazine. This prestigious accolade highlights GOVVI’s impressive trajectory in the competitive e-commerce landscape and underscores the company’s commitment to innovation, growth, and excellence.
Recognizing Excellence in Growth
The Fast 50 award program, hosted annually by Utah Business, celebrates companies that have demonstrated outstanding revenue growth and significant total revenue. While the Fast 50 primarily honors established companies, the program also shines a spotlight on emerging companies—those with less than five years in business but showing exceptional potential and growth. These emerging companies are meticulously vetted by Squire and Co. to ensure financial accuracy and credibility.
GOVVI’s inclusion in this exclusive list is a testament to its rapid expansion and the impact it has made within a relatively short period. Despite being a younger company, GOVVI has made significant strides, leveraging cutting-edge technology, a robust business model, and a keen understanding of market dynamics to drive its growth.

A Journey of Innovation and Impact
Since its inception, GOVVI has been on a mission to revolutionize the e-commerce space. The company’s innovative approach to wellness products and commitment to customer satisfaction

Hot Business News Today

Beachbody Q1 Revenue 2024 Down 17% To $120 Milion

by Team Business For Home • May 13, 2024 • 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

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NU Skin Q1 Revenue 2024 Down 13.3% To $417.3 Million

by Team Business For Home • May 11, 2024 • 0 Comments

Revenue $417.3 million;– 13.3%
-3.8% FX impact or $-18.2 million, Rhyz revenue $62.5 million; 57.5%
Earnings Per Share (EPS) $-0.01 or $0.09 excluding restructuring charges compared to $0.23 or $0.37 excluding restructuring charges
Customers, 875,261; -19%
Paid Affiliates, 154,171; -30 % or -14% excluding an adjustment to eligibility requirements
Sales Leaders, 38,609; -12%

“Our first quarter revenue came in at the mid-point of our guidance, negatively impacted more than anticipated by foreign currency headwinds, while our cost management efforts helped us post earnings per share in the upper half of our guide,”

Ryan Napierski, Nu Skin president and CEO, said:

“We are continuing our business transformation efforts and making progress in developing our integrated beauty, wellness and lifestyle ecosystem. During the quarter, we again drove strong gains in our Rhyz business, growing nearly 60% year-over-year.
In our Nu Skin core business, the macro-economic environment impacted affiliate and customer growth around the globe, but we are encouraged by the performance of our ageLOC WellSpa iO, RenuSpa iO and TRMe launches.
“At our annual top sales leader event, we aligned around the upcoming preview of our new MYND360 cognitive health line and saw healthy energy for the opening of India next year. We also introduced some new early affiliate rewards

Hot Business News Today

USANA Q1 Revenue 2024 Down 8% To $228 Million

by Team Business For Home • May 2, 2024 • 0 Comments

Key Financial & Operating Results

First quarter net sales were $228 million versus $248 million during Q1 2023, and increased 2% sequentially in constant currency.
First quarter diluted EPS was $0.86 as compared with $0.95 during Q1 2023.
Company reiterates fiscal year 2024 net sales and diluted EPS outlook of $850 million to $920 million and $2.40 to $3.00.

“Our top line results during the first quarter were driven by a successful sales incentive in mainland China, which helped counter the seasonal slowdown that we experience during the Lunar New Year holiday,”

said Jim Brown, President and Chief Executive Officer.

“This sales incentive helped us generate 15% year-over-year active customer growth in our largest market, as well as year-over-year and sequential quarter sales growth. Notwithstanding our solid performance in China, our first quarter results in other key markets did not meet internal expectations and we are actively working to accelerate our business in these markets during 2024.

Doug Hekking, Chief Financial Officer said:

“Strength in our mainland China operations carried our first quarter results. This performance helped offset softness in many other markets where we continue to face a challenging operating environment highlighted by ongoing inflationary pressures. We remain committed to engaging with Associate leaders throughout each

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QNET and Bernhard H. Mayer’s Insignia Collection Sets the Trend for 2024

by Team Business For Home International • February 19, 2024 • 0 Comments

Fashion in 2024 is not just about style; it’s a movement towards sustainability, and leading the charge are global direct selling powerhouse QNET, alongside luxury Swiss watch and jewelry brand, Bernhard H. Mayer. Their latest masterpiece, the Insignia Collection, is not just fashion; it’s a statement!
The global fashion arena is buzzing with excitement as sustainability takes center stage. In a world where environmental consciousness is paramount, QNET and Bernhard H. Mayer are at the forefront of change. The Insignia Collection epitomizes luxury with a conscience, blending exquisite craftsmanship with eco-friendly materials.
Drawing inspiration from the iconic Bernhard H. Mayer crest, the Insignia Collection is a celebration of self-expression. Each piece is meticulously crafted to not only adorn but to empower. With a mix-and-match versatility that knows no bounds, wearers can showcase their individuality while championing sustainable fashion.
Trevor Kuna, Chief Transformation & Reputation Officer of QNET, affirms,
“For 26 years, QNET has championed sustainability. Our partnership with Bernhard H. Mayer is a testament to our commitment.
The Insignia Collection not only meets consumer demands but exceeds them, offering unparalleled quality and design.
The majority of our fine jewellery products primarily use recycled gold, sourced responsibly from members of the Responsible Jewellery Council