Herbalife Ltd. (NYSE: HLF) reported second quarter net sales of $1.2 billion. Local currency net sales grew by 1%, while reported net sales declined 11% primarily due to the continuing unfavorable impact of currency exchange rates.
Adjusted1 earnings for the quarter were $1.24 per diluted share compared to $1.55 per diluted share for the same period in 2014.
On a reported basis, second quarter net income was $82.8 million, or $0.97 per diluted share, compared to $119.5 million, or $1.31 per diluted share for the same period in 2014. Second quarter 2015 diluted EPS was negatively impacted by a $0.412 currency fluctuation.
For the quarter ended June 30, 2015, the company generated $197.6 million in net operating cash flow, and invested $16.2 million in capital expenditures.
The company is raising its adjusted diluted EPS
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Beautycounter Reaches 9500 Distributors In US
by Ramya Chandrasekaran • • 0 Comments
Serial entrepreneur and founder of cosmetics direct selling company Beautycounter, Gregg Renfrew speaks about being a serial entrepreneur and her passion for developing safe and natural beauty products for women and families.
At 19, Renfrew went out to Nantucket and set up a cleaning service to make money, and left the island with thousands. She developed another company and ended up selling it to Martha Stewart. Her current company Beautycounter recently surpassed 1 million units in sales.
Renfrew, is a kind of guru for women. They are listening to what she has to say and are following her in her latest venture centered around cosmetics.
After graduating from college, she went to work for Xerox Corporation.
“I knew they had the best sales training program and I really wanted to learn how to sell. That was the
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Medifast Q2 Revenues Down 3% to 72.2 Million
by Ramya Chandrasekaran • • 0 Comments
Medifast, Inc. a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today reported financial results for the second quarter ended June 30, 2015.
“We are pleased with our solid results in the second quarter which were in-line with our revenue and earnings expectations,” said Michael C. MacDonald, Medifast Chairman and Chief Executive Officer. “We continued to make progress on our strategic initiatives within each of our key areas of focus, while also maintaining a strong financial discipline across our business. We believe that these efforts will help grow and improve Take Shape for Life, optimize Medifast Direct, and further our product and program innovation to position Medifast for success in 2015 and beyond.”
For the second quarter, Medifast net revenue from continuing operations decreased 3% to
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Women Form 58.3% Of Indian Direct Selling Industry
by Ramya Chandrasekaran • • 0 Comments
While door-to-door selling is a common phenomenon is many localities, the numbers have increased indicating a rise in its potential, especially for women in India. Direct Selling provides accessible business opportunities to people looking for alternative sources of income, and whose entry is generally not restricted by gender, age, education, or previous experience.
According to the Annual Survey Report of the Indian Direct Selling industry, women contribute almost 58.3 per cent in 2013-14.
“Women form a significant chunk of direct sellers, and from a current 2,551,189 women, their numbers is expected to grow at eight per cent making a whopping 55,07,820 self-employed women by 2025,” informs Chavi Hemanth, secretary general, Indian Direct Selling Association (IDSA).
The IDSA which is an autonomous, self-regulatory body recognises the marketing approach as micro-entrepreneurship that can inspire many small
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USANA Reports Record Revenue Of $233.2 Million + 23.9%
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced record financial results for its fiscal second quarter ended July 4, 2015. The Company also increased its financial outlook for 2015.
Financial Performance
Second quarter net sales increased 23.9% to $233.2 million
Second quarter EPS increased 41.2% to $1.92
Number of active Associates increased 40.3% to 397,000
For the second quarter of 2015, net sales increased to $233.2 million, up 23.9% compared with $188.3 million in the prior-year period. The increase in net sales was driven by 40.3% growth in the number of active Associates and 15.2% growth in the number of Preferred Customers. Also included in net sales for the quarter is $5 million in revenue that was deferred during the previous quarter in connection with price increases in China. Fluctuations in currency exchange rates negatively impacted net
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WOR(l)D GN Introduces New Technology
by Tina Williams • • 0 Comments
WOR(l)D GN, announced new innovations to its Istanbul members.
The last stage of the Diamond Life Tour, the event organized by WOR(l)D Global Network in Istanbul, Turkey ended with great success.
Several news announcements were presented to hundreds of networkers in Turkey:
The manager of the company presented two revolutionary products, the result of months of work in the R&D department: Space Station and Space Phone.
The Space Station is the first station in the world able to radiate a powerful signal mcell 5G, a revolutionary technology by which individual users can call, browse or send messages. The Space Station is expected to have unlimited communication abilities with other devices made in WOR(l)D: the Lumina Glasses and the SpacePhone.
By using the new smartphone members will be able to use the network mcell 5G and significantly reduce the costs from telephone companies.
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Tiens Founder To Set Up University In China
by Ramya Chandrasekaran • • 0 Comments
Li Jinyuan, President of the Tiens Group in China, which was recently in the news for taking 6400 distributors on an all expenses paid vacation to France, is planning to establish a University in China.
The future university, located in Tianjin, the largest port in northern China, about 150 kilometers from Beijing, will start operating in 2018. The university is reportedly funded by an investment of approximately $1530 million by Li Jinyuan.
The projected Tiens University will be spread over 3.2 square kilometers, with 210 hectares construction area and is designed to accommodate 30,000 students.
The Malo Clinic group from Portugal has been invited to help set up the Faculty of Dentistry at the Tiens University, according to the Paulo Malo, the Group President.
In addition to dentistry, the university will have courses in Traditional Chinese
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ASEA To Open Mexico Office
by Ramya Chandrasekaran • • 0 Comments
ASEA, an emerging global leader in cellular health, will be opening an office in Guadalajara, Mexico.
Since ASEA’s launch in Mexico a year ago, it has become its fastest-growing international market and its second-largest market, second only to the U.S. It currently boasts approximately 13,000 associates who are generating nearly $1 million in monthly sales.
“We are very excited about our expansion in this growing, dynamic market,” said Charles F. Funke, ASEA Chief Executive Officer. “The opening of this Mexico office is another indication of ASEA’s growing success and our strategic commitment to expanding our global presence.”
Along with this new office opening, ASEA has appointed Duvan Botero as the general manager of Mexico. Previously, Botero served as the regional sales director of Mexico and U.S. Hispanic markets, where he has been a key factor in the
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Tyra Beauty Launches New Product
by Ramya Chandrasekaran • • 0 Comments
TYRA Beauty, the cosmetics direct selling company run by supermodel Tyra Banks, has introduced its newest product, Ménage À Brow.
Ménage À Brow is the first-ever brow pen that is both dual-sided and has a three pronged applicator, designed to help the user achieve shaped, natural looking arches or bold, fierce brows. It’s dual-sided features capture the true aesthetic of perfect brows; one end is “triple tipped” and fully equipped to fill in hair-like strokes, and on the other end is a “chisel tipped” pen, angled for prime brow chiseling, defining and shaping.
“TYRA Beauty is an entire fierce cosmetics experience — after you contour and highlight your cheek bones and pink-up that pout, you gotta frame the masterpiece with clean, full and shaped brows,” said Tyra Banks, CEO of TYRA Beauty. “With Ménage À Brow we are using
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Solavei Completes ASPIDER Deal
by Ted Nuyten • • 0 Comments
Solavei, the industry-leading social commerce network that provides mobile service to its members, announced today that it has completed its merger with ASPIDER, a Netherlands-based company that provides core mobile infrastructure and services to more than 70 mobile service providers and over 100 million subscribers across the globe.
Solavei will remain a stand-alone entity based in Seattle. Solavei founder Ryan Wuerch will remain CEO of the company and Patrick Meijer of ASPIDER will become President.
“This is a great day for Solavei,” Wuerch said. “The partnership with ASPIDER gives us the opportunity to further enhance our services and add new products to the social commerce network, broadening our ability to rapidly expand the Solavei brand globally. We now can leverage ASPIDER resources to better align our cost structure with our revenue expectations, positioning us