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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LifeVantage Q2 Year 2018 Revenue Up 1.1% To $49.5 Million
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LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its second quarter ended December 31, 2017.
Second Quarter Fiscal 2018 Summary:
Revenue increased 1.1% to $49.5 million year over year and 0.7% sequentially;
Revenue in the Americas decreased 1.9% while revenue in Asia/Pacific & Europe increased 11.0% including a 9.3% increase in Japan, both on a year over year basis. On a sequential basis, revenue in the Americas increased 2.0% while revenue in Asia/Pacific & Europe decreased 3.0%, including a 4.4% decrease in Japan;
Active independent distributors and active preferred customers decreased 1.6% and 2.7%, respectively, year over year and decreased on a sequential basis 1.6% and 0.9%, respectively;
Adjusted EBITDA decreased 5.0% year over year to $3.7 million while increasing 37.6% sequentially;
Earnings per diluted share were $0.02 and adjusted earnings per diluted share were $0.11; and
Completed first share repurchases under the Company’s $5.0 million shares repurchase program.
“We continue to execute on our key initiatives for fiscal 2018 and generated both year over year and sequential revenue growth during the second quarter,”
stated LifeVantage President and Chief Executive Officer Darren Jensen.
“The recent launch of our highly anticipated Vitality Stack Packets is a key aspect of our product strategy initiatives.
We are also pleased to have successfully completed
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USANA Year 2017 Sales Up 4% To $1.047 Billion
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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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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.
The 45-year-old company
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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.
China’s significant growth trajectory continued, while Brazil and Tupperware Mexico grew nicely, demonstrating resilience in the face of tough externals coming out of the third quarter of 2017. Adjusted earnings per share was 6-cents above the high-end of our range in local currency after a 1-cent drag from foreign exchange rates versus October guidance.”
Goings continued, “Our re-engineering program to revitalize operations and improve the cost structure, primarily in Europe, continues to progress. Globally, we continue efforts to evolve our relationship-selling business model to include greater access to our powerful brands and innovative products through the use of digital tools, branded contact points and a relevant earning opportunity for our growing sales force of 3.2 million.”
Fourth Quarter Executive Summary – (Comparisons with Fourth Quarter 2016)
Net sales were $588.6 million, down 2% (4% local currency). On a Comparable Basis, adjusting for the impacts of the 53rd week in 2016 and the closure of Beauticontrol, local currency sales were estimated to be up
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PM International 2017 Sales Up 37% To $632 Million Total Sales $2,735 Billion
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“Incredible what you are doing!”, CEO and founder Rolf Sorg called the more than 3,300 sales partners present at this year’s German kick-off event from the stage.
“And in the year in which we celebrate our 25th anniversary!”
The 54-year-old founder and CEO of PM-International AG currently has every reason to be proud:
The PM Group report $632 million in annual sales in 2017 – an increase of 37.2 percent over the previous year.
In recent years, PM International has developed into a true global player, which not only achieved cumulative sales of $2,735 billion from 2010 to 2017, but also from Germany throughout the European market the USA market and Asia.
PM International is a Triple A classified opportunity by Business For Home, the Top Rank.
About PM-International AG
PM-International AG develops and distributes high-quality, self-developed and largely patented food supplements and cosmetics of the own brands FitLine © and BeautyLine © in the premium segment. The core competency of the company is the nutrient transport concept: the exclusive nutrient transport concept (NTC) always brings the nutrients exactly where they are needed, exactly where they are needed – to the cell level! From inside and outside.
In order to ensure a consistently high product quality, PM-International
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VABO-N Reports 80% Revenue Increase To $3 Million For 2017
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On 13th of January 2018 the VABO-N KICK OFF 2018 took place above the roofs of Vienna. VABO-N is an Austrian network marketing company, which was founded in 2015.
The founders and CEO’s Martin and Nina Dvoracek and the CSO Tomasz Stanislawski hosted an unforgettable and unique event for about 200 sales partners also called VABO-N brand ambassadors.
Recently Germany based top leader Alexander Herr joined the company
With lots of inspiration, motivation and power they started into 2018 and celebrated the record sales of the last trading year, in which the Austrian network marketing company reached a net sale of 2,65 Million Euro ($3 million). This means an increase of 80% in the second trading year of VABO-N.
The participants benefited from fascinating lectures, coaching, news and surprises. The motto of the VABO-N KICK OFF 2018 was „Fly with us!“. Next stop: VABO-N GO FOR DIAMOND DAYS in Barcelona, for which the VABO-N brand ambassadors can qualify.
For VABO-N it’s important to provide their brand ambassadors helpful training tools and frequent coaching, which was perfectly realised at the VABO-N KICK OFF.
As well the development of the VABO-N Academy Website and the preview on a useful work book triggered enthusiasm by the brand ambassadors.
ABOUT VABO-N
VABO-N
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Amway Made China A Billion-Dollar Market Now It Faces A Crackdown
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As first published in the New York Times:
Feng Gang stood in front of 150 people in a conference hall in Beijing that Amway, the American marketing giant, calls its flagship “experience center.”
Introduced endearingly as Big Brother, he pitched the company’s newest product to an audience of recruits — men and women, young and old, one a street sweeper still in his orange municipal jumpsuit.
Mr. Feng said Amway’s energy drink, XS, could reduce blood-alcohol levels by as much as 70 percent. It could cure depression, he went on, or help someone who is drunk drive home. His aim: to get the crowd to go out and sell the products.
For more than a decade, scenes like this represented a financial salvation for Amway and other companies that use sales representatives to recruit others below them in what’s called multilevel marketing.
Facing declining fortunes in the United States and elsewhere, they turned to a ballooning consumer class in China hungry for new products — and susceptible to promises of the riches to be had by selling them.
Now, the future seems less promising. The giants of multilevel marketing have come under a dual assault, from regulators here and in the United States.
Two companies, Herbalife and
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45,000 New Associates Join LegalShield In 2017
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LegalShield membership reaches a new record high for thirteenth consecutive month.
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 1,743,000 members, making December 2017 the best member production month in the company’s 45-year history.
In December, LegalShield continued its pace of adding new memberships to the base and achieved a 13th straight month of record high active members.
In addition to the record high in memberships, the company recruited nearly 45,000 new associates in 2017 – a 23 percent increase from 2016.
With the continued increases in production, this is also LegalShield’s ninth consecutive month of membership churn at two percent or below. Additionally, the company’s Business Solutions division surpassed its projected 2017 budget by more than 10,000 units with outstanding execution of annual enrollments for LegalShield and IDShield voluntary benefits.
“While we are certainly proud of these achievements, our December and 2017 results were no surprise. We planned and prepared to expect the best,”
said CEO Jeff Bell. “Our dedication to continuous improvement and excellence in execution paid dividends as we exceeded expectations. We are fulfilling our
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Starbit Surpasses 668% Growth In The First Year
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Starbit International is a technology company selecting everything needed for a person to be informed about block chain technologies and various applications.
In December 2017, Starbit International surpassed 668% growth in its first year, better to say, in just 7 months since its launch back in May 2017.
Thousands of new distributors and about 55,000 new customers all over 47 countries of the world.
“A great result for a great year, but the goal for 2018 is much higher and we know we have to work really hard to achieve it!”
Says Giovanni Lionetti, Finance & Administration Officer at Starbit
“We’ve started in the right moment with the right services and great people. Now the challenge is huge: bringing this company to the next level in great anticipation and with huge excitement.”
Lionetti said during the interview. “This year is just a milestone – it’s not a destination.”
Starbit has been growing really fast over the past 7 months.
3,000 distributors and 9,000 customers from May to September and today the numbers report a different situation: 18,000 distributors and 55,000 customers in just 3 months. This means the way is the right way, and the timing is perfect.
A new customer service in Miami ready to serve and assist thousands of new customers