Herbalife today announced that due to the dedication and diligence of its distributors, in May, 90 percent of United States sales were documented purchases by consumers, comprised of more than three million receipted retail transactions.
These results far exceed the 80 percent threshold called for in the Company’s agreement with the U.S. Federal Trade Commission.
The Company also announced that approximately 400,000 customers have converted or signed up as preferred members in the U.S. since the program began in October 2016.
“These figures should put an end to any questions regarding demand for our nutrition products and the strength of our go-to-market business model,”
said Richard P. Goudis, CEO, Herbalife Nutrition.
In the past ten months, Herbalife Nutrition created industry-leading technology and tools in partnership with its distributors to help them efficiently document retail sales.
The flexibility of the tools, built on a robust scalable infrastructure, has allowed the Company to track retail sales of products to end-users thereby allowing the Company to collect new marketing data, such as pricing, buying preferences and consumer purchase trends.
This critical information, most of which is new to the Company, will help create significant competitive advantages as Herbalife Nutrition leverages data analytics to provide enhanced, industry-leading personalized support to its
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Vorwerk 2016 Sales Up 4.1% To Euro 3.1 Billion
by Ted Nuyten • • 0 Comments
Continued growth, significant investments in the expansion of production facilities, and further development of digital offerings: At today’s press conference in Düsseldorf, the Vorwerk Group Managing Partners, Reiner Strecker, Rainer Genes and Frank van Oers, announced the figures for the past fiscal year, 2016, and the Group’s plans for the coming years.
In the 133rd fiscal year in the history of the company, the Vorwerk Group’s total revenues were up 4.1 percent to 3.1 billion euros (not including VAT). Moreover, the Group generated an increase in business volume, which also includes the new business of the akf group, which totaled 1.2 billion euros. With a volume of 3.8 billion, Vorwerk achieved a year-on-year increase of 4.7 percent.
A look at the German market reveals that the Vorwerk Group is also up on last year. Taken together, all of its German activities generated 7.1 growth in sales to 1.1 billion euros.
At the financial press conference in Düsseldorf, the spotlight was very much on the subject of digitization, which Vorwerk is approaching at many different levels.
“Some of our present products already feature a digital interface, and in the future, all of our products will,” the Managing Partners stated. It is not a question of
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LifeVantage Q3 Sales Of Fiscal 2017 $45 Million
by Ted Nuyten • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its third quarter ended March 31, 2017.
“We began to see the turn in sequential sales momentum as the third quarter progressed,” stated LifeVantage President and Chief Executive Officer Darren Jensen
“While sales were negatively impacted early in the quarter, we finished the third quarter with reaccelerating sales growth as we were finalizing the implementation of remedies relating to a recent review of international policies and procedures.
We enter the fourth quarter with renewed business momentum and completed a successful global convention in April that included our rebranding of several key product lines, the introduction of product bundles that deliver greater value for customers and distributors, and integrated applications and technology solutions that were well received by distributors.
Finally, we are progressing with plans to broaden our geographical footprint, and look forward to discussing specific activities to support this growth as the plan progresses.”
Third Quarter Fiscal 2017 Summary:
Revenue decreased 19.9% to $45.0 million, compared to $56.2 million in the third quarter of fiscal 2016;
Revenue in the Americas decreased 21.9% and revenue in Asia/Pacific & Europe decreased 12.5%, both when compared to the comparable period of fiscal 2016;
Adjusted EBITDA decreased 68.3% to $1.6 million, compared to $5.1
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Herbalife Q1 Sales Up 1% To $1.1 Billion
by Ted Nuyten • • 0 Comments
“We’ve made a solid start to 2017 exceeding our EPS guidance,” said Michael O. Johnson, Chairman and CEO, Herbalife.
“As we transition this June to our new CEO Rich Goudis and my role as Executive Chairman, we are more resolute than ever in making a profound and lasting effect on the nutritional habits of the world and offering people an opportunity to earn in the process.”
“Healthy living is a growing aspiration for more and more consumers worldwide and we are well positioned to capitalize on this trend. We offer a powerful person-to-person alternative to traditional retail, where consumers give our distributors permission to help them with our extensive range of nutrition products.”
For the first quarter 2017, the company reported net sales of $1.1 billion and volume point growth of 1% compared to the prior year period. China sales and
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Plexus Worldwide Named #39 On DSN Global 100 List
by Ted Nuyten • • 0 Comments
Plexus Worldwide, a leading direct-selling health, wellness and weight management company, was just recognized by Direct Selling News (DSN) as the #39 globally on its List of Top Revenue Generating Direct Selling Companies. Last year, the company ranked as #44.
Plexus was also recognized as one of only seven direct selling companies globally in the past year to increase sales over the past year by more than $100 Million.
The DSN Global 100 is a collective effort to show the impact and potential of the $182.8 billion direct selling channel. The 2017 ranking, unveiled online at DirectSellingNews.com and featured in the June issue of Direct Selling News (DSN) magazine, represents aggregate revenue of more than $80 billion from companies based in 17 countries. The new rankings mark growth for the company which last year came in
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Nu Skin Q1 Sales Up 6% To $499 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced first-quarter 2017 financial results.
“We are pleased to deliver strong first-quarter results, which demonstrates the progress we made executing on our strategic priorities to increase customer trial and acquisition,” said Ritch Wood, chief executive officer.
“Our quarterly results reflect solid growth in Mainland China, South Asia/Pacific and EMEA.
Our expanding social selling efforts and the continued rollout of ageLOC Me and ageLOC Youth contributed to our strong revenue during the quarter, positioning us to deliver solid performance for 2017.”
“Looking forward, we will continue to focus on accelerating growth, driving innovation throughout our business, and empowering our customers and sales leaders with the products, programs, and platforms they need to succeed in a rapidly-evolving marketplace,” said Wood.
“A key component of our strategy is capitalizing on our early social
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USANA Q1 Sales Up 6.2% To $255 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal first quarter ended April 1, 2017.
Financial Performance
For the first quarter of 2017, net sales increased to $255.3 million, up 6.2%, compared with $240.4 million in the prior-year period.
A stronger U.S. dollar negatively affected net sales by $6.2 million for the quarter with $6.1 million of that change attributable to mainland China. On a constant currency basis, net sales increased by 8.8% for the first quarter of 2017. Net sales growth was driven primarily by an 8.1% increase in the number of active Customers.
Net earnings for the first quarter decreased by 4.2% to $21.4 million, compared with $22.3 million during the prior-year period. Higher operating expenses, primarily in SG&A expense, and a higher effective tax rate negatively impacted net earnings
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ForeverGreen – FgXpress Substantial Doubt To Continue As A Company
by Ted Nuyten • • 0 Comments
In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
Duane Bair:
Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history.
With an accumulated deficit of $42.7 million and less than $200,000 of cash on the balance sheet, the company is quickly careening toward complete insolvency.
This year (2017), the company has $1.7 million of debt coming due. Operating cash flow is negative, the balance sheet has $187,000, and the company has been unable to get financing through traditional lenders.
It should not come as a shock that management has finally disclosed that there is substantial doubt regarding their ability to continue as a going concern.
“Through a series of
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TruVision Health Sales Up 130% In Q1
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TruVision Health opened its doors with the primary goal of providing affordable yet effective health products.
Since opening in 2014, the company has done just that by being devoted to principles of sampling effective products instead of selling large, expensive product packs.
Although the company expected a slow growth, expectations were surpassed when they quickly started to gain momentum.
Now approaching it’s third year anniversary this May, the company can truly say this philosophy not only created a powerful momentum but has sustained a solid growth.
This philosophy has proved to be much needed in the health and nutrition industry as TruVision Health’s sales reached an all-time high of $5 million last month.
This growth is substantial; the company’s first month sales were $68,000, in an industry that is riddled with stops and starts
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Youngevity Moves Up To Nr. 76 In 2016 Global Direct Sales 100
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Youngevity International, Inc. (OTCQX: YGYI), a leading omni-direct lifestyle company, was named the 76th largest direct selling company in the world for 2016 by top industry trade publication Direct Selling News.
The Direct Selling News Global 100 is an annual ranking that recognizes the most successful direct selling companies. Current estimates put the approximate number of direct selling companies worldwide at 10,000+.
Youngevity’s rank coincides with a record-setting revenue year for the company. The prior year in 2015, Youngevity ranked #78.
Youngevity and other DSN Global 100 companies were announced Wednesday night in Dallas.
“We are honored to be ranked within the Direct Selling News Global 100,” stated Steve Wallach, Co-Founder and CEO of Youngevity.
“2016 was a year that positioned us for scalable growth as we were hard at work establishing infrastructure, investing