Tag Archive for Revenue

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Mannatech Reports Revenue Of $31.7 Million For Q3 – 2024

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Mannatech, Incorporated (NASDAQ: MTEX), (“Mannatech” or “Company”), global health and wellness company committed to transforming lives to make a better world, today announced financial results for its third quarter of 2024.
Landen Fredrick, President and CEO, noted that,

“Although the third quarter of 2024 provided our highest revenue quarter in 2024, we continued to battle demand weakness in the third quarter across our global operations, with the most significant impact in the Asia/Pacific region due to ongoing economic challenges.
Despite anticipating continued economic difficulties for the rest of 2024, we are committed to increasing our revenue by growing our team of sales associates and expanding our base of preferred customers, all while keeping costs under strict cost controls.”

Third Quarter Highlights
Net sales for the quarter ended September 30, 2024 were $31.7 million, as compared to $32.6 million for the same period in 2023, a decrease of $0.9 million, or 2.5%. On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased $0.4 million, or 1.2%, and unfavorable foreign exchange caused a $0.5 million decrease in GAAP net sales as compared to the same period in 2023. The decline in revenues was principally due to slowing demand in Asia due to weakened economic conditions,

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NU Skin Q3 Revenue Down 13.8% To $430 Million

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Nu Skin Enterprises Inc. (NYSE: NUS) announced third quarter results.
Business For Home comment:

Nu Skin lost almost $1 Billion in revenue from 2018 ($2,680 Million) to 2024  ($1,730 Million forecast).
Nu Skin lost 400,000+ customers from 2018 (1,244,000) to 2024 (831,768)
Nu Skin lost almost 50% of it sales leaders from 2018 (73,400) to 2024 (38,284)

Nu Skin press release:
Executive Summary Q3 2024 vs. Prior-year Quarter

Revenue $430.1 million; (13.8)%
Earnings Per Share (EPS) $0.17 compared to $(0.74) or $0.56 excluding an inventory write-off.
Customers 831,768; (15)%
Paid Affiliates; 149,264; (20)% or (11)% excluding an adjustment to eligibility requirements
Sales Leaders; 38,284; (19)%

“During the third quarter, we achieved results within our previous guidance range with challenges in the core business partially offset by continued strong growth in our Rhyz segment,”

said Ryan Napierski, Nu Skin president and CEO.

“While we continue to face macroeconomic pressures and challenges within the direct selling industry, our immediate focus is to strengthen the Nu Skin core with a revised business model intended to improve channel activation and customer growth beginning with North America and South Korea this quarter.
In addition, we are introducing a streamlined operating framework to improve profitability with an adjusted pricing model to improve customer penetration in developing markets starting with

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Herbalife Q3 Sales Down 3.2% To $1.2 Billion

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Herbalife Ltd. (NYSE: HLF) today reported financial results for the third quarter ended September 30, 2024:

“Our financial foundation is strong. Third quarter net sales were in line with our expectations, adjusted EBITDA1 exceeded guidance and distributor recruiting is up worldwide year-over-year. Our new business initiatives are taking root as we continue on our path to sustainable top-line growth.”

– Michael Johnson, Chairman and CEO
Highlights
Third Quarter 2024

Net sales of $1.2 billion, down 3.2% vs. Q3 ’23 including 290 basis points of FX headwinds
Net sales nearly flat year-over-year on constant currency basis2
Net income of $47.4 million; adjusted net income1 of $58.0 million
Adjusted EBITDA1 of $166.5 million exceeds guidance; adjusted EBITDA1 margin up 70 basis points year-over-year
Recognized pre-tax gain on sale of property of approximately $4 million; excluded from adjusted results
Diluted EPS of $0.46; adjusted diluted EPS1 of $0.57
Net cash provided by operating activities of $99.5 million; capital expenditures of approximately $27 million
Credit Agreement EBITDA1 $197.2 million; total leverage ratio reduced to 3.3x at September 30

Management Commentary
In August, the Company launched its all-new Diamond Development Mastermind Program in the U.S., an ongoing training and accountability program led by President Stephan Gratziani and supported by network marketing industry leader and coach, Eric Worre.
Approximately 800

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LifeVantage Q1 Revenue Down 7.7% To $47.2 Million

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LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its first fiscal quarter ended September 30, 2024.
First Quarter Fiscal 2025 Summary*:

Revenue of $47.2 million, a decrease of 8.1% from the prior year period. Excluding the negative impact of foreign currency fluctuations, first quarter revenue was down approximately 7.7%;
Revenue in the Americas decreased 4.2%, and revenue in Asia/Pacific & Europe decreased 19.7%. Excluding the negative impact of foreign currency fluctuations, first quarter revenue in Asia/Pacific & Europe decreased approximately 18.7%;
Net income per diluted share was $0.14, versus $0.05 per diluted share a year ago;
Adjusted earnings per diluted share was $0.15, compared to $0.13 a year ago; and
Adjusted EBITDA was $4.4 million compared to $4.0 million a year ago.

* All comparisons are on a year over year basis and compare the first quarter of fiscal 2025 to the first quarter of fiscal 2024, unless otherwise noted.

“It’s an incredible time to be at LifeVantage as we just launched the MindBody GLP-1 System™, an amazing innovation targeting consumers searching for an effective, sustainable weight management solution. This product, launched on October 11th, significantly expands our total addressable market and the

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Oriflame Q3 Sales Down 19% To €130 Million

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“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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PM International Ranked As Triple AAA+ Opportunity For 2024 And 2025

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PM International, a renowned network marketing company, has showcased extraordinary business potential in 2023, raking in a commendable revenue of $3,030 Million. For 2024 we estimated sales at $3,300 – 3,600+ Million.
Exhibiting remarkable generosity, the company could have disbursed an impressive 35% of this as commission, aligning itself with the industry’s standard. This certainly paints an inspiring yet realistic picture of the prospect, free from promises or commercial flair.
This article is written by Team Business For Home and is fact checked by Ted Nuyten – CEO of Business For Home.
Network marketing company PM International has recently seen a significant rise in prominence. Their FitLine product secured a partnership with the ATP Tour, marking a noteworthy advancement in their market presence. Coupled with that, PM International has surged up to the 6th place in the “DSN Global 100” ranking, showcasing their growth amongst the world’s largest industry players.
The success doesn’t stop there, PM International has also reported an impressive revenue increase, reaching up to $3 billion in 2024. On top of that, the firm has been ranked as a triple AAA+ opportunity for 2024, suggesting promise for Business Partners partners.

PM International in Facts and Figures
PM International, a Luxembourg-based company led by

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Bravenly Global Ranked As Triple AAA+ Opportunity For 2024 And 2025

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Bravenly Global, a renowned network marketing company, intriguingly surpassed expectations in 2023 with its revenue hitting $19 million. For 2024 the estimated revenue will be $50+ Million.

Bravenly Global received for the second consecutive year the Top AAA+ rating from Business for Home, placing it at a high position of nr. 8 in terms of momentum among more than 700 global network marketing companies.

Astonishingly, it managed to pay out 55% of its earnings as commission to marketers, significantly exceeding the 35% industry standard. This behooves a closer look at the promising, yet pragmatic opportunities presented by Bravenly Global in the network marketing industry.
This article is written by Team Business For Home and is fact checked by Ted Nuyten – CEO of Business For Home.
Within recent developments at Bravenly Global, several associates have reached notable ranks within the company. Most notably, Ricky & Jessika Durant and Brittany Beck hit top rank while Julie Glass achieved the rank of Silver EVP.
Riding off these high-profile achievements, the company has been 100% committed to network marketing. As a testament to their growth, they have just reported a significant $6 million in monthly sales. Industry legends such as Garrett and Sylvia McGrath as Keith and Heather

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Oliveda International, Inc. Announces 2,500% Growth Of Olive Tree People

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Oliveda International, Inc. (OTC Pink: OLVI) today announced that the strong growth of its Olive Tree People Inc. subsidiary in the United States continues unabated with 3rd quarter 2024 growth of more than 2,500% as compared to the same period in 2023.
The growth of Olive Tree People has also increased by over 47% compared to the 2nd quarter of 2024 and by over 580% compared to the 1st quarter of 2024.

More than 240,000 orders were shipped from the new U.S. shipping center that Olive Tree People opened in August 2024. The company expects a further significant increase in the 4th quarter, particularly with the launch of the new Olive Tree People brand Olive Rose (based on hydroxytyrosol). The company projects total orders to exceed 400,000 in the 4th quarter of 2024.

Olive Tree People also anticipates surpassing 50,000 Waterless Beauty consultants by the end of 2024 with additional expansion planned for new countries and large-scale waterless beauty campaigns beginning in 2025.
On October 1, 2024, Oliveda International, Inc. announced that due to the rapid growth of Olive Tree People Inc. and increasing interest in additional global markets, the company and its waterless movement will go global with planned expansion to Canada, the United

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Frequense Triple-Digit Sales Growth And 43% Customer Increase

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Frequense Breaks Records with a Stellar August: Triple-Digit Sales Growth and 43% Customer Increase
Frequense, the trailblazer in frequency-charged nutrition, is celebrating a record-breaking August, experiencing an impressive 43% increase in customers and a remarkable triple-digit growth in sales. While many companies typically face a summer slowdown, Frequense defied industry trends and turned the season into a period of significant growth, setting the stage for continued success through the rest of the year.
Frequense is ranked by Business For Home as a Triple AAA+ opportunity, the top grade.
Traditionally, the summer months are a challenging time for most businesses, with customers slowing down their spending and engagement. But Frequense had no plans to follow the usual seasonal trends. Through a combination of strategic expansion, innovative marketing, and a continued focus on delivering quality products, Frequense managed to not only avoid the summer slump but achieve exponential growth.
Barb Pitcock, CEO of Frequense said:

“We’re beyond excited about what we’ve accomplished this summer. While a lot of companies were taking it easy, we went all in. We kept showing up for our customers and affiliates, delivering value at every step. To see the community grow like this—it’s honestly so heartwarming. It shows that when you focus

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LR Health & Beauty Q2 Sales Up 2.6% To EUR 70.7 million

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LR Health & Beauty SE, Europe’s leading digital social commerce company in the area of high-quality health and beauty products, today published its figures for the second quarter of 2024 and the first half of 2024.
In the second quarter of financial year 2024,

LR Health & Beauty SE managed to increase sales (revenue from goods sold) by 2.6% to EUR 70.7 million (Q2 2023*: EUR 68.9 million).
In the first half of the year, LR Health & Beauty SE thus generated sales of EUR 143.3 million (H1 2023*: EUR 140.9 million).
New product launches, such as the LR Health Mission and the LR Body Mission, contributed significantly to the positive sales performance during the period.
LR Health & Beauty SE generated a normalized EBITDA of EUR 14.4 million in the first six months of financial year 2024, compared to EUR 17.5 million in the same period of the previous year*.

The earnings performance was impacted by factors such as refinancing costs related to the early redemption of the old bond of LR Global Holding GmbH and the issuance of a New Bond by LR Health & Beauty SE, as well as negative currency effects. EBITDA reported amounted to EUR 11.7 million in the first half

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