Tag Archive for Revenue

Hot Business News Today

LifeVantage Annual Revenue Down 6.2% To $200.2 Million

by  •  • 0 Comments

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 fourth quarter and full fiscal year ended June 30, 2024.
Fourth Quarter Fiscal 2024 Summary*:

Revenue of $48.9 million, a decrease of 9.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 8.0%;
Revenue in the Americas decreased 4.1% and revenue in Asia/Pacific & Europe decreased 25.2%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe decreased 18.6%;
Net income per diluted share was $0.10, versus $0.15 per diluted share a year ago;
Adjusted earnings per diluted share were $0.14, compared to $0.17 a year ago; and
Adjusted EBITDA of $4.8 million was flat compared to a year ago.

*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2024 to the fourth quarter of fiscal 2023, unless otherwise noted.
Fiscal Year 2024 Summary**:

Revenue of $200.2 million, a decrease of 6.2%.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2024 revenue was down approximately 5.2%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 18.6%.
Excluding

Read more...

Hot Business News Today

Sven & Audrey Goebel Celebrate Milestone Of 40,000 Customer Subscriptions

by  •  • 0 Comments

In a remarkable achievement, the Zinzino organization of Sven & Audrey Goebel has reached 40,000 customer subscriptions, marking a significant milestone in their impressive journey. This accomplishment, reached within a mere two-year period, highlights the exponential growth and widespread acceptance of Zinzino’s science-based products.

This translate in about Euro 3+ Million in sales per month / Euro 36+ Million per year and counting.

Starting with:

5,000 subscriptions in July 2022, the team witnessed a rapid surge to
15,000 by July 2023. This momentum has only accelerated, culminating in an impressive,
40,000 subscriptions by July 2024.

This growth not only underscores the effectiveness and affordability of Zinzino’s products but also demonstrates their strong market acceptance.
A substantial 85% of these subscriptions are attributed to real customers outside the Zinzino network, with the remaining 15% subscribed by partners. This distribution underscores the broad appeal and trust Zinzino products have garnered among consumers.
Sven Goebel, Black Ambassador at Zinzino said:

“We are thrilled to have reached this incredible milestone. This achievement is a testament to the efficacy and value of Zinzino’s products, as well as the dedication and hard work of our entire team. We are committed to continuing this growth and reaching new heights.
While our organization is also

Read more...

Hot Business News Today

Bravenly Global Reports $6 million In Monthly Sales

by  •  • 0 Comments

Bravenly Global Achieves Record Sales, Strong Growth in 2024
Bravenly Global, a USA-based healthy lifestyle company, reports exceptional growth for the first half of 2024, with the company setting new sales records each month, including over $6 million in monthly sales for May.

Bravenly Global has reported remarkable growth in monthly sales through 2024: from achieving over $1,000,000 in sales in its first year (2021)
to $9,000,000 in year 2022,
to $19,000,000 in 2023, and Bravenly’s sales in the first half of 2024 have continued to soar.

In March 2024, monthly sales totaled $2,300,000.  In April 2024, sales increased by almost +40% month-over-month to over $3,200,000.  In May 2024, sales grew again by another +87% month-over-month, for a record-breaking $6,000,000 in sales for the month.
Notably, over 84% of new business was from customer purchases, indicating robust customer retention and satisfaction.
Over 3,000 new rank advancements were also achieved over the months of April and May, including the very highest ranks: multiple new Executive Vice Presidents (EVPs), Silver EVPs and Gold EVPs. Bravenly continues to pay out 55% to 59% total true payout each month; a percentage based not on “points” or “volumes” (CV, BV, etc.), but on the dollar.
Bravenly Global Income Disclosure Statement (2023)
The company’s

Read more...

Hot Business News Today

Vorwerk Group Revenue 2024 Up 4.4% To Euro 3.2 Billion ($3.45 Billion)

by  •  • 0 Comments

The Vorwerk Group has successfully concluded a challenging business year 2023. The Group’s total revenue increased to EUR 3.2 billion. The adjusted annual revenue, taking only continuing operations into account, increased by EUR 135 million (+4.4 percent) compared to the previous year.

The “Culinary” division (Thermomix®/Bimby® and Cookidoo®) recorded record sales for the fourth time in a row with a volume of EUR 1,7 billion.
At the same time, the “Cleaning” division (Kobold/Folletto) achieved the second-highest revenue in the history of the Vorwerk Group since 2015 with a sales volume of EUR 860 million (+7.1 percent).
With a revenue of EUR 570 million, the akf bank also contributed to Vorwerk’s success and set a new record with an increase of 14.8 percent.

In light of the numerous challenges and difficult economic conditions, a key driver of the positive business development was once again the consistent commitment to direct sales as a business model. In the core business, sales growth was achieved for the fourth year in a row, driven by an increase in the number of advisors to over 100,000. Overall, sales in the “Culinary” and “Cleaning” divisions and including akf group have increased by almost EUR 720 million since 2019.

At the same time,

Read more...

Hot Business News Today

Nature’s Sunshine Products Q1 Revenue 2024 Up 2% To $111 Million

by  •  • 0 Comments

Nature’s Sunshine Products, Inc. (Nasdaq: NATR) (Nature’s Sunshine), a leading natural health and wellness company offering high-quality herbal and nutritional products, reported financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Financial Summary vs. Same Year-Ago Quarter

Net sales were up 2% to $111.0 million compared to $108.6 million (up 4% in constant currency).
Gross margin increased 33 basis points to 71.2% compared to 70.8%.
GAAP net income attributable to common shareholders up significantly to $2.3 million, or $0.12 per diluted common share, compared to $0.9 million, or $0.04 per diluted common share.
Adjusted EBITDA up slightly to $9.2 million compared to $9.1 million.

Management Commentary

“In the first quarter, our omni-channel approach and high-quality products combined to drive momentum in our business. Specifically, we saw digital sales surge 33% with a 34% increase in new customers, helping our North American business unit grow 5% for the quarter. What’s more, the successful launch of our new Power Line products helped drive improved performance in our European business that further reinforced our positive momentum.

said Nature’s Sunshine CEO Terrence Moorehead,

“These results were somewhat offset by slower sales in Asia/Pacific, which were up 5% in local currency, as the weak economic environment in China finally caught

Read more...

Hot Business News Today

Beachbody Q1 Revenue 2024 Down 17% To $120 Milion

by  •  • 0 Comments

The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading subscription health and fitness company, today announced financial results for its first quarter ended March 31, 2024.

“We are pleased with our performance in the first quarter, beating the midpoint of our revenue and adjusted EBITDA guidance, all while delivering against our strategic initiatives. Most notably, we are excited to announce that we have achieved our first positive free cash flow quarter since 2020,”

said Carl Daikeler, BODi’s Co-Founder and Chief Executive Officer. “

We have had an excellent start to 2024 and for the remainder of the year, we will continue to deliver against the objectives in our turnaround plan.”

First Quarter 2024 Results

Total revenue was $120.0 million compared to $144.9 million in the prior year period.
Digital revenue was $61.5 million compared to $64.8 million in the prior year period and digital subscriptions totaled 1.22 million in the first quarter.
Nutrition and Other revenue was $55.5 million compared to $74.1 million in the prior year period and nutritional subscriptions totaled 0.15 million in the first quarter.
Connected Fitness revenue was $3.0 million compared to $6.0 million in the prior year period and approximately 3,500 bikes were delivered in the first quarter.
Total operating

Read more...

Hot Business News Today

Primerica Q1 Revenue 2024 Up 8% To $742.8 Million

by  •  • 0 Comments

Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended March 31, 2024. Total revenues of $742.8 million increased 8% compared to the first quarter of 2023. Net income of $137.9 million increased 8%, while earnings per diluted share of $3.93 increased 14% compared to the prior year period.
Adjusted operating revenues of $741.7 million increased 7% compared to the first quarter of 2023. Adjusted net operating income of $137.0 million increased 4%, while adjusted operating earnings per diluted share of $3.91 increased 10% compared to the prior year period.
Financial results during the first quarter of 2024 reflected the stability of the Company’s large in-force block of term life insurance, higher investment products sales, appreciation of client asset values, and the impact of higher interest rates on net investment income. Results were partly offset by weakness in the Senior Health business, which reported a loss of $14 million. Distribution results demonstrated sustained momentum in recruiting and the Company’s continued success in licensing new representatives.

“Our financial results reflect the fundamental strength in our core Term Life and ISP segments and the predictability of our model, particularly during uncertain times,”

said Glenn Williams, Chief Executive Officer of Primerica, inc.

“We started 2024

Read more...

Hot Business News Today

NU Skin Q1 Revenue 2024 Down 13.3% To $417.3 Million

by  •  • 0 Comments

Revenue $417.3 million;– 13.3%
-3.8% FX impact or $-18.2 million, Rhyz revenue $62.5 million; 57.5%
Earnings Per Share (EPS) $-0.01 or $0.09 excluding restructuring charges compared to $0.23 or $0.37 excluding restructuring charges
Customers, 875,261; -19%
Paid Affiliates, 154,171; -30 % or -14% excluding an adjustment to eligibility requirements
Sales Leaders, 38,609; -12%

“Our first quarter revenue came in at the mid-point of our guidance, negatively impacted more than anticipated by foreign currency headwinds, while our cost management efforts helped us post earnings per share in the upper half of our guide,”

Ryan Napierski, Nu Skin president and CEO, said:

“We are continuing our business transformation efforts and making progress in developing our integrated beauty, wellness and lifestyle ecosystem. During the quarter, we again drove strong gains in our Rhyz business, growing nearly 60% year-over-year.
In our Nu Skin core business, the macro-economic environment impacted affiliate and customer growth around the globe, but we are encouraged by the performance of our ageLOC WellSpa iO, RenuSpa iO and TRMe launches.
“At our annual top sales leader event, we aligned around the upcoming preview of our new MYND360 cognitive health line and saw healthy energy for the opening of India next year. We also introduced some new early affiliate rewards

Read more...

Hot Business News Today

LifeVantage Quarter Revenue Down 10.2% To $48.2 Million

by  •  • 0 Comments

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 third fiscal quarter ended March 31, 2024.
Third Quarter Fiscal 2024 Summary*:

Revenue of $48.2 million, a decrease of 10.2% from the prior year period. Excluding the negative impact of foreign currency fluctuations, third quarter revenue was down approximately 8.7%;
Revenue in the Americas decreased 5.9%, and revenue in Asia/Pacific & Europe decreased 22.4%. Excluding the negative impact of foreign currency fluctuations, third quarter revenue in Asia/Pacific Europe decreased approximately 16.1%;
Net income per diluted share was $0.13, versus $0.08 per diluted share a year ago;
Adjusted earnings per diluted share was $0.21, compared to $0.08 a year ago; and
Adjusted EBITDA increased 54.7% to $5.1 million.

* All comparisons are on a year over year basis and compare the third quarter of fiscal 2024 to the third quarter of fiscal 2023, unless otherwise noted.

“We were very pleased with our improved profitability in the third quarter reflecting continued progress with our LV360 strategic transformation,”

said Steve Fife, President and Chief Executive Officer of Life Vantage.

“Adjusted EBITDA was up 55% to $5.1 million for the quarter and our Adjusted EBITDA

Read more...

Hot Business News Today

USANA Q1 Revenue 2024 Down 8% To $228 Million

by  •  • 0 Comments

Key Financial & Operating Results

First quarter net sales were $228 million versus $248 million during Q1 2023, and increased 2% sequentially in constant currency.
First quarter diluted EPS was $0.86 as compared with $0.95 during Q1 2023.
Company reiterates fiscal year 2024 net sales and diluted EPS outlook of $850 million to $920 million and $2.40 to $3.00.

“Our top line results during the first quarter were driven by a successful sales incentive in mainland China, which helped counter the seasonal slowdown that we experience during the Lunar New Year holiday,”

said Jim Brown, President and Chief Executive Officer.

“This sales incentive helped us generate 15% year-over-year active customer growth in our largest market, as well as year-over-year and sequential quarter sales growth. Notwithstanding our solid performance in China, our first quarter results in other key markets did not meet internal expectations and we are actively working to accelerate our business in these markets during 2024.

Doug Hekking, Chief Financial Officer said:

“Strength in our mainland China operations carried our first quarter results. This performance helped offset softness in many other markets where we continue to face a challenging operating environment highlighted by ongoing inflationary pressures. We remain committed to engaging with Associate leaders throughout each

Read more...