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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Avon Products Appoints Jan Zijderveld As CEO
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Avon Products, Inc. (NYSE: AVP), today announced that Jan Zijderveld has been appointed Chief Executive Officer, effective immediately.
He succeeds Sheri McCoy, who previously announced her intention to retire from the Company and Board. Jan will also serve as a member of the Board of Directors.
Jan joins Avon from Unilever N.V./PLC (“Unilever”), a global leader in personal care, home and food products, where he has had a 30-year career, living and working in seven countries across three continents. He most recently served as a member of Unilever’s Executive Committee, and as President of Unilever’s $14 billion European business.
As President of Europe, Jan was responsible for Unilever’s largest operating business, encompassing 34 countries and 25,000 employees. Under Jan’s leadership, the European business stabilized and returned to growth and improved profitability following several years of decline and during significantly challenging market conditions.
He previously served as Executive Vice President in South East Asia and Australasia, where he drove substantial organic growth through a significant step-up in innovation, market development and in-store execution. During this time Jan was also Non-Executive Chairman of Unilever’s listed Indonesian business, with a market capitalisation in excess of $20 billion.
Prior to that, as CEO of Unilever, Middle East and North Africa, Jan successfully led a complex business, in a volatile region, which included many joint
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LegalShield Membership Reaches A New Record High
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LegalShield, one of North America’s leading providers of affordable legal plans and the IDShield identity theft solution for individuals, families and small businesses, announced today that it has grown its membership base to exceed 1,751,000 members, adding over 52,000 new memberships in January 2018.
In January, LegalShield continued its pace of adding new memberships to the base and achieved a 14th straight month of record high active members.
In addition to the record high in memberships, the company’s Business Solutions division continued its record setting December into January. It surpassed its projected monthly budget by more than 8,800 units with outstanding execution of annual enrollments for LegalShield and IDShield.
“While 2017 results broke many records and the company reached historical highs, our dedication to excellence keeps us looking forward,”
said CEO Jeff Bell.
“Our January results are proof positive that we must continue with more determination than ever to provide equal access to the liberty, opportunity, equality and justice that every human deserves. We are truly just getting started.”
About LegalShield
A pioneer in the democratization of affordable access to legal protection, LegalShield is one of North America’s leading providers of legal safeguards and protection against identity theft solutions for individuals, families and small businesses.
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4Life Named Ivan Huang As General Manager Of Taiwan
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International Manager Christine Hartman: “Ivan will be an amazing additional force to support our leaders and distributors in Taiwan. We are very excited to have him onboard.”
4Life is a Triple A classified opportunity by Business For Home, the top rank.
Huang, who has an educational background in international trade, started in network marketing as a distributor. Since 2004, he’s held a variety of industry corporate titles in sales, training, marketing, and operations. This is his first position with 4Life.
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About 4Life
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For more information please visit www.4life.com
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Top Networker Amber Voight Speaker At The European Direct Selling Congress 2018
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Tickets can be booked here:
European Direct Selling Congress – Reservations
Amber Voight is a mother of three young boys and million-dollar earner in network marketing. From her home in Minnesota, she leads a growing international team of close to 100,000 members spread out over North America, Australia, UK and the Netherlands.
Amber reached the highest rank in her company in just three months using her business savvy, social media networking skills, and passion for helping others. She has over 115,000 followers on Facebook.
Amber wrote The 7-Cent Decision so anyone can learn from her mistakes and build on what brought her success. Amber always keeps it real and tells you exactly how she did it.
Now that she has reached some major milestones in her career and built a dream life for her family, she loves to give others the tools, belief, and support they need to achieve their goals and dreams.
Have you ever wondered how some women seem to do it all—raising young children, homeschooling, building friendships around the world, and creating a hugely successful network marketing business?
Get it all at the European Direct Selling Congress 2018!
Tickets can be booked here:
European Direct Selling Congress – Reservations
Meet Amber Voight live at the European
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The deal expands the Paris-based buyer’s direct-selling—doubling its direct-selling consultants to about 475,000, news reports said—and its reach in English-speaking markets.
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We also have a heritage of providing employment opportunities —dating back to my grandfather, our founder, Yves Rocher, who cared deeply about providing employment since he started his business.
This, combined with our direct selling know-how, should foster company growth and longevity,”
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Tupperware Q4 Sales Down 2% To $588 Million
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Rick Goings, Chairman and CEO, commented, “Our local currency sales came in 1-point under our October guidance range. Overall, our top-line did accelerate on a sequential basis after adjusting for calendar shifts, in connection with having an additional week in the fourth quarter of 2016, and the closure of Beauticontrol.
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Nikken is a worldwide company offering revolutionary products that support a healthy home and lifestyle, through a combination of groundbreaking science and natural solutions. Nikken was founded in Japan in 1975 by Isamu Masuda.
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Luis, what can you tell us about Nikken?
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Jeff Olson is the Founder and CEO of Nerium International, author of the bestselling book, The Slight Edge, and owner of Live Happy magazine.
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Write It Down:
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Isagenix International, a global health and wellness company providing nutrition and lifestyle solutions, has named Jonas Hedberg General Manager, Europe.
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