Blyth, Inc. (NYSE: BTH), a direct to consumer company and leading designer and marketer of candles and accessories for the home and health, wellness and beauty products, household convenience items and personalized gifts sold through the direct selling and direct marketing channels, today reported sales and earnings for the third quarter of 2014.
Net sales for the three months ended September 30, 2014 decreased approximately 6% to $90.8 million from $97.0 million for the comparable prior year period.
Blyth’s operating loss for the third quarter was $11.4 million this year versus a loss of $11.5 million last year. Net Earnings Attributable to Blyth, Inc. were $106.2 million for the three months ended September 30, 2014 compared to a loss of $8.5 million in the prior year period. Diluted Net Earnings per Share Attributable to Blyth, Inc. were $6.57 per share for the three months ended September 30, 2014 compared to a loss of $0.53 per share in the prior year period.
During the third quarter, the Company recorded after-tax expenses of $0.04 per share related to the refinancing of its 6% Senior Notes and an after-tax profit from discontinued operations for ViSalus of $7.16 per share this year and $0.04 last year. Normalized earnings from continuing operations were a loss of $9.0 million, or $0.55 per share, in this year’s third quarter versus a loss of $9.1 million, or $0.57 per share, in
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Avon Beats Q3 Expectations, Still Shows Signs of Struggle
by mallen@directsellingnews.com • • 0 Comments
The release of Avon Products Inc. third quarter results Thursday before markets opened surpassed earnings expectations while missing revenue forecasts.
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Politics, Like Direct Selling, Is All about Relationships
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“Just because you do not take an interest in politics does not mean politics won’t take an interest in you.” Pericles made that statement in 430 B.C., but the Direct Selling Association is sending the same message today.
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Herbalife To Settle Class Action Lawsuit, Denies Any Liability
by Ted Nuyten • • 0 Comments
On October 31, 2014, global nutrition company, Herbalife Ltd. (NYSE:HLF) entered into a settlement agreement that, if approved by the court, will resolve a class action lawsuit against the company.
The company has been aggressively defending itself against the plaintiffs’ allegations set forth in Bostick v. Herbalife ever since the lawsuit was filed in 2013. Yet, the potential cost, as well as the distraction, disruption and burden of prolonged litigation on the company and its management team, led the company to decide that the terms set forth in the settlement agreement provided the best path for moving forward.
The company notes that the settlement does not contain an admission of liability or wrongdoing and still asserts that the suit has no merit. Additionally, the company notes that the plaintiffs’ counsel acknowledge that a finder of fact could reasonably conclude there is substantial demand for Herbalife product and Herbalife is not in violation of the law.
Mark Friedman, general counsel of Herbalife, stated:
“We are fully confident that we would have prevailed. Settling this matter, however, is in the company’s best interest as it allows us to put it behind us and focus on the future growth of the company.”
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Herbalife Ltd. (NYSE:HLF)
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Groundbreaking Study Reveals the Real Direct Selling
by mallen@directsellingnews.com • • 0 Comments
In the age of 24-hour news cycles and quasi-news blogs, the direct selling industry experiences more than its share of fallout from the recirculation of misleading statements and misnomers.
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Avon Reports 3rd Quarter Financial Results, Profit Of $91.4 Million
by Tina Williams • • 0 Comments
Avon Products Inc. (AVP) on Thursday reported third-quarter profit of $91.4 million.
On a per-share basis, the New York, New York-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 23 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The direct seller of cosmetics posted revenue of $2.14 billion in the period, falling short of Street forecasts. Analysts expected $2.15 billion, according to Zacks.
Avon shares have declined 36 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 7 percent. The stock has declined 51 percent in the last 12 months.
Everyday, Avon brings beauty to the lives of women all over the world. At Avon, beauty means finding the right lipstick shade for a customer; providing an earnings opportunity so a woman can support her family; and enabling a woman to get her first mammogram. Beauty is about women looking and feeling their best. It’s about championing economic empowerment and improving the lives of women around the world.
Avon is a company steeped in tradition, grounded by its core values and principles as
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Ariix Introduces Patent Pending Industry Changing Compensation Plan
by Tina Williams • • 0 Comments
ARIIX announces an unheard-of enhancement to the revolutionary ACTIV8 compensation plan: they are offsetting the rising costs of inflation by giving their Representatives a cost of living increase, that went into effect October 22nd.
They know that inflation affects everyone, and like to look at both sides of the issue: not only the higher prices paid for the ingredients used, but how this inflation affects our Representatives.
“As prices rise, you can rest asssured that we have your back, and will make it up to you every way we can.”
Realizing the hard work and dedication it requires to build a business that provides long-term and healthy residual profits, they also know how rising costs eat away at buying power. They are determined to do something about it. Not only is their cost of living increase designed to give an immediate raise but they are also raising the Team Lead Bonus to $36.50, an 8% increase!
“ARIIX is continually looking for ways to provide the best compensation in the industry. Together with the ACTIV8 Compensation Plan, cost of living increases are another strong step in that direction. We realize you work hard for your money, and want to make sure as much as possible stays in your pocket,” says Dr.
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USANA Posts Record Q3 Profit
by mallen@directsellingnews.com • • 0 Comments
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The Pampered Chef Names Buffett Protégé New CEO
by mallen@directsellingnews.com • • 0 Comments
The Pampered Chef announced this week that interim CEO Doris Christopher is passing on management of the Berkshire Hathaway unit to Tracy Britt Cool, a top adviser to Berkshire Chairman Warren Buffett.
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Reliv International Q3 Results – Down 13.5% To $10.9 Million
by Nicole Dunkley • • 0 Comments
Reliv International, Inc., a maker of nutritional supplements that promote optimal health, reported its financial results for the third quarter of 2014.
Net sales for the quarter were $14.3 million, a 13.5 percent decrease from the third quarter last year. U.S. net sales totaled $10.9 million, a decrease of $2.2 million, or 16.8 percent, compared to third-quarter 2013 net sales.
Net sales outside of the United States declined slightly at 0.2 percent in the third quarter of 2014 compared to the prior-year quarter, offset by the European market where net sales increased by 16.1 percent.
Net income for the third quarter of 2014 was $166,000 or $0.01 per diluted share, compared to $293,000 or $0.02 per diluted share in the 2013 third quarter. In the second quarter of 2014, Reliv reported a net loss of $289,000 or $0.02 per diluted share.
Reliv’s sequential profitability improvement is attributable to effective cost reduction measures enacted in the third quarter and the tax benefit related to the liquidation of Reliv’s former entity in Germany. Income from operations for the third quarter of 2014 was $228,000 compared to $402,000 in the same quarter of 2013.
“Reliv has recently completed a series of critical transitions — in our distributor field,