Herbalife Ltd. (NYSE: HLF) reports results for the fourth quarter and full year ended December 31, 2017.
Fourth quarter 2017 reported net sales of $1.1 billion increased 5% and 3% on an as reported and constant currency basis, respectively, compared to fourth quarter 2016.
Fourth quarter 2017 reported EPS of ($0.87) per diluted share compared to $1.16 per diluted share for the comparable prior year quarter, which includes a provisional one-time non-cash charge of $153 million, or ($2.01) per adjusted1 diluted share, as a result of the Tax Cuts and Jobs Act (the “Tax Act”) that was signed into law on December 22, 2017.
Adjusted2 earnings per adjusted1 diluted share of $1.29 increased 29% compared to $1.00 per diluted share for the comparable prior year quarter.
Reiterates FY 2018 volume point guidance range of 2% to 6% growth as well as reported and adjusted2 diluted EPS guidance of $3.82 to $4.22 and $4.60 to $5.00.
Announces new executive organization structure.
“After a year of transition, we returned to net sales growth in the fourth quarter as expected, and we anticipate stronger net sales growth for the full year in 2018,”
said Rich Goudis, CEO of Herbalife.
“This growth is due to the determination and hard work of
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4,500 Attendees At LifeVantage Elite Academy
by Ted Nuyten • • 0 Comments
When LifeVantage Corporation (Nasdaq:LFVN) CEO Darren Jensen took the stage to usher in the company’s Elite Academy in Indianapolis – widely considered the racing capital of the world – he appropriately used a speed metaphor to describe the company’s past and present and paint a picture for its future.
LifeVantage is a Triple A classified opportunity by Business For Home.
He described the operation and infrastructure LifeVantage has built over the past few years as a “superhighway.”
“We saw an opportunity to build a superhighway, and we’ve done just that,” Jensen said.
Jensen cited, among other things, a refined brand, an overhauled compensation and incentive plan, a more seamless shopping experience, and the company’s jersey-front partnership with Major League Soccer’s Real Salt Lake. The majority of his focus, however – and the focus of Elite Academy Indianapolis – was on the products, programs, and technology the company will leverage moving forward.
LifeVantage recently launched a portable version of its successful Vitality Stack TM product – Vitality StackTM Packets – and used the Elite Academy platform to formally introduce its distributorships to it and provide training for the first time.
The company’s leadership feels the new product further swings the pendulum toward a family of biohacking products
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Tupperware CEO Rick Goings Steps Down
by Ted Nuyten • • 0 Comments
Tupperware Brands Corporation (NYSE: TUP), executing on its planned succession process, announced today that its Board of Directors elected Patricia (Tricia) A. Stitzel to the position of President & Chief Executive Officer and nominated her for election to the Company’s Board of Directors, effective May 9, 2018. E.V.
(Rick) Goings will serve as Executive Chairman and focus on the successful transition and leadership of the Company’s purpose-centered initiatives.
Stitzel has served as the Company’s President & Chief Operating Officer since October 2016. Prior to this role, she served as Group President, Americas, and in leadership positions of increasing responsibility in Europe and the United Statessince joining the Company in 1997.
Goings has led the Company since 1992 and has served as its Chairman and Chief Executive Officer since 1997.
Commenting on her new role, Stitzel said, “I am grateful to the Board of Directors for its trust and confidence, and I am excited to lead this great Company into the future, supporting our important global purpose and executing on our strategic growth initiatives.
With our high-quality and innovative products, dedicated sales force of over 3 million people and experienced global leadership team, we are poised to build upon our strong foundation in capitalizing on new
Hot Business News Today
LifeVantage Introduces Products, Programs And Technology
by Ted Nuyten • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN) highlighted a host of significant events at its Elite Academy distributor convention in Indianapolis over the weekend.
LifeVantage recently launched Vitality StackTM Packets, a portable version of its successful Vitality StackTM product. The initial cyberlaunch was followed up at Elite Academy with a formal introduction to over 4,500 distributors with training to support the launch.
LifeVantage Chief Marketing Officer Ryan Goodwin commented,
“This new product further swings the pendulum toward a family of biohacking products that build on and complement each other, rather than toward any single product. The strong distributor response gives us confidence that our product strategy is on trend.”
The Company introduced a new customer acquisition program that will provide a better experience for customers and a potential additional source of revenue for distributors. Currently, LifeVantage sells products exclusively through its network of independent distributors.
Beginning in March, new customers in the U.S. will be able to purchase products at LifeVantage’s corporate website and will be auto-assigned to distributors who are new to the company and active in their business following the initial purchase, opening up a new pool of potential customers.
In connection with this new customer program, the Company has created a new mobile app that is scheduled
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Youngevity Completes Acquisition Of Nature Direct
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today announced the acquisition of Nature Direct, a manufacturer and distributor of essential-oil based nontoxic cleaning and care products for personal, home and professional use.
Nature Direct was formed in Australia in 2007 to create eco-friendly, effective and affordable home cleaning products using essential-oils. Since then the company has grown its product lines to include personal care and professional use nontoxic disinfectant products.
Until now, Nature Direct’s sales force has been located in and focused on the Australian market. As part of Youngevity International their products will now be made available throughout Youngevity’s social selling program that operates in seven (7) countries including New Zealand, Mexico, Columbia and the United States.
“Youngevity has been searching for a green alternative line of cleaning products that would be synergistic with our philosophy of offering products that are supportive of a healthy lifestyle for some time.
Nature Direct’s products embody those attributes we were seeking and are a welcome addition to our Youngevity family of products,”
stated Dave Briskie, President and CFO of Youngevity International.
“We are excited to join the Youngevity team and become a part of their innovative omni-direct platform as we bring with our clean
Hot Business News Today
Global Intellect Service Is Growing fast
by Ted Nuyten • • 0 Comments
2017 is the most successful year in the history of Global Intellect Service, as the number of customers around the Globe has been significantly increased.
Just take a look at these numbers: merchants from nearly 50 countries that actively use its software and over 2 Million downloads.
Also a brand new generation of the UDS Game App which is UDS Game 2.0 has been introduced in 2017 and amazing product selection has been presented by NutruStrike branch.
In February 2018, three grand events were held. ‘Grand meeting of the Directors’, ‘Results of the 2017’ and also ‘The Partner of the Year’ ceremony were among them. These events were visited by very special guest who’s name Mir Muhammad Khan from Malaysia. As you guess, this visit meant a lot to GIS company.
1. GRAND MEETING OF THE DIRECTORS was held in the format of Gala dinner night. This event was private, so it was attended only by ‘The Riches’ of the company.
Red brick mansion of the XIX century was chosen as the event place. Undoubtedly, all guests were astonished by its beauty and ancient interiors.
Guests traveled back to the epoch of the Rothschild and Rockefeller dynasties. Evening gowns and modern British suits, mind-blowing show program,
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Avon Closes Down In Australia And New Zealand After 50 years 21,000 Reps In Shock
by Ted Nuyten • • 0 Comments
In a statement, the company confirmed Avon would close its operations in Australia and New Zealand by the end of the year, leaving the company’s 220 staff and more than 21,400 representatives facing an uncertain future.
The statement read:
“As part of the company’s strategy to return Avon to long-term sustainable profitable growth, the focus will be on markets with the greatest potential for future growth to support its vision of becoming the world’s leading social beauty company.
“In line with this, after a thorough deliberation on our performance, the direct selling conditions in the market, and potential for growth, we have considered all options for the business and it is with much sadness that we are announcing our decision to exit the Australia and New Zealand markets.”
Current and former Avon reps have bombarded the Avon Facebook page with messages of disapproval.
Avon ANZ president and managing director Sharon Plant said it was a “sad day” for the company’s employees and representatives.
“As a management team our commitment and focus over the coming days, weeks and months is to support our people and the wider Avon community who are impacted by this decision,” she said.
“I would like to thank all the employees, representatives and customers
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Young Rising Stars In Network Marketing
by Ted Nuyten • • 0 Comments
The young rising stars of Direct Sales everyone in the industry should get to know or to follow, to learn from 🙂
Young rising stars in Network Marketing are nominated by the Ambassadors of Network marketing, and our community.
This list is by no means comprehensive. To be eligible, apart from sterling endorsements and a strong track record, we asked that nominees be 35 years young or under and should be growing quickly in popularity or importance.
The rising star shares power, puts the needs of others first and helps people develop and perform as highly as possible.
“With gratitude for your leadership, contribution and service
in elevating the network marketing profession”
Albert Gyeke (US)
Amber Marie Springer (US)
Amy Poepping (US)
Ana Ramirez Murchison (US)
Andres Uscategui (CO)
Anthony Napolitano (US)
Casipe Wrapshell Alderson (US)
Chad Thompson (US)
David Durant (CA)
Garrett Roberts (US)
Gary Kurt McSween (TT)
Gary Van Aswegen (ZA)
Hayden Vavra (US)
Hillary Grossmann (US)
Jason Brown (US)
Jeff Simpson Jr (US)
Jessie Lee Ward (US)
JP Koster (ZA)
Julian Kuschner (US)
Martin Laurent (DE)
Matthew Rosa (US)
Michael Rezek (DO)
Nadine Rummeling (PH)
Pieter Louw (ZA)
Rebecca Garrett (US)
Richard Buettner (CY)
Sashin Govender (ZA)
Scott Higginson (US)
Seville Ko (US)
Steph Wise (CA)
Tayler Schweigert (DE)
Tiffany McCormick (US)
Vintzent van der Linde (ZA)
Whitney Taylor Husband (US)
Yolande Van Der Linde (ZA)
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Top Leader Ben Sturtevant Named VP Marketing Of Bliss Business
by Ted Nuyten • • 0 Comments
Ben Sturtevant, Top Leader and Network Marketing Ambassador explains as follows:
“Before I spill the beans, let me provide a little context…
I started my network marketing journey in 1997 at the age of 19. When I began I never expected to have the success I’ve had. It has been an amazing journey.
I built a team of 40,000 distributors over the last 11 years (really from 2006 to 2014) online.
I used technology, not to replace me but to make me more efficient. I didn’t have a big warm market. I wasn’t the life of the party type of personality. But I was an entrepreneur. So by accident, I taught myself how to market online.
Over the last 11 years I’ve been with one company. I’ve been fortunate to have been very successful with them.
Unfortunately, our company was sold in 2014 and our new parent company just didn’t have a passion for MLM.
Changes were made and the short story of it is that my passion for building was lost.
Being the loyal person I am, I stuck it out and tried the make the best of it. But obviously, once your passion is gone it’s very hard to get it back.
After a couple of years
Hot Business News Today
Ryan Higgins – TruVision Health – Achieves $160,000 Per Month In Commission
by Ted Nuyten • • 0 Comments
On the tails of TruVision Health‘s record breaking month, Ryan Higgins (a top-earner for TruVision Health) achieves a new rank of 8 Star Director and collects the largest commission check in TruVision Health’s history.
Ryan Higgins, a father of 4 from Slidell LA, has been an Associate of TruVision Health since July of 2014. In the past 3.5 years, Ryan has exceeded the expectations of TruVision Health and continues to push the limits of the compensation plan.
January, 2018 — Ryan is the first to achieved the rank of 8 STAR Director (the highest rank of TVH) and earned over $160,000 in monthly commissions.
“I am successful but I get more joy out of my team’s success and their phone calls to me, all excited about achieving new ranks, feeling better, or just having more freedom.”
– Ryan Higgins
Coming from a background in screen printing & apparel, Ryan has created a comfortable living in the Network Marketing industry by building a team with a strong foundation and showing exceptional leadership skills. He has an organization of over 10,000 Associates, majority of which know him on a personal level. He is an instant friend to anyone that he meets and a dedicated leader to