Tag Archive for Revenue

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LifeVantage Quarter Revenue Down 10.2% To $48.2 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 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

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USANA Q1 Revenue 2024 Down 8% To $228 Million

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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

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Herbalife Q1 Revenue 2024 Up 1% To $1.3 Billion

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“We achieved our second consecutive quarter of year-over-year net sales growth. We are laser focused on cost reductions, which drove outperformance of our Adjusted EBITDA guidance,”

said Michael Johnson, Chairman and CEO.
First Quarter 2024 Highlights

Achieved year-over-year net sales growth on both reported and constant currency basis.
Net sales of $1.3 billion, up 1.0% vs. 1Q ’23,
Net income of $24.3 million.
Adjusted EBITDA1 of $138.3 million exceeds guidance.
Diluted EPS of $0.24 and adjusted diluted EPS1 of $0.49.
Announced new restructuring plan to streamline organizational structure.
Annual cost savings of at least $80 million expected beginning in 2025, with approximately $40 million expected in 2024.
Recognized pre-tax expenses of approximately $17 million in SG&A.
Rolled out all-new distributor e-commerce platform, built on Herbalife One, to distributors in UK and Spain.

“Economic opportunities built around selling diversified nutrition and wellness offerings, including through approximately 67,000 fixed location nutrition clubs worldwide, differentiates us from others in our industry,”

said Michael Johnson.
About Herbalife Ltd.
Herbalife (NYSE: HLF) is a premier health and wellness company and community that has been changing people’s lives with great nutrition products and a business opportunity for its independent distributors since 1980.
The Company offers science-backed products to consumers in more than ninety markets through entrepreneurial Distributors who provide one-on-one coaching

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Medifast Q1 2024 Revenue Down 49.9% To $175 Million

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First quarter 2024 revenue decreased 49.9% to $174.7 million from $349.0 million for the first quarter of 2023, primarily driven by a decrease in the number of active earning OPTAVIA Coaches, lower Coach productivity, and a $9.1 million impact from a timing difference related to changes in the company’s sales order terms and conditions with its customers realized in the first quarter of 2023.
The total number of active earning OPTAVIA Coaches decreased 35.6% to 37,800 compared to 58,700 for the first quarter of 2023.
The average revenue per active earning OPTAVIA Coach was $4,623, compared to $5,945 for the first quarter last year, primarily driven by continued pressure on customer acquisition.
Dan Chard, Chairman & Chief Executive Officer said:

“Fast paced medical innovation is providing greater access to medical weight loss solutions than ever before. We are transforming our OPTAVIA offer to include comprehensive support for consumers who wish to use GLP-1 medical weight loss solutions on their individual journeys to sustainable healthy lifestyles.
It’s a market that is estimated by a recent BCG market study to have the potential to grow to $50B or more by 2030, and it’s one that we are uniquely positioned to capitalize on.”

About Medifast®:
Medifast (NYSE: MED) is

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Bravenly Global Continues Record Of Strong Growth In 2024

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160% Month-Over-Month Growth January-March 2024, Added to Stellar Annual Growth of 230% in 2023, and 700% in 2022.
Bravenly Global has grown exponentially over the past 24 months, with a 700% increase to $8 Million in sales in 2022, topped by another 230% growth to $19 Million in sales in 2023. Additionally, in the first quarter of 2024, Bravenly has been growing month-over-month; in just 60 days, Bravenly grew another +160% to over $2.3 Million in monthly sales in March 2024.
The company continues a healthy 80% Customer-to-Distributor ratio, with strong customer re-order rates of its results-driven, “crave-able” products.
New Products, Onboarding Tools Launched
At the Bravenly National Conference in Orlando, FL in February, the company launched Bravenly Fit Fuel™ (“Meet Your New B.F.F.”), a multi-beneficial, all-in-one protein, collagen, colostrum shake with 50+ fermented fruits/vegetables, weight-loss botanicals, gut-health nutrients, 100% RDA of 12 vitamins and minerals and just 100 calories — adding to its impressive showcase of “crave-able” healthy lifestyle products.

The company’s product line is now a total of 32 products and bundles, plus 4 additional seasonal favorites.
In March, Bravenly also launched Bravenly H.O.M.E. (Help, Onboarding, Momentum, Education), the online portal with all the training and social marketing tools to help Brand Partners launch and grow their businesses, step-by-step, simply

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LifeVantage Q2 Revenue 2023 Down 3.8% To $51.6 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 second fiscal quarter ended December 31, 2023.
Second Quarter Fiscal 2024 Summary*:

Revenue of $51.6 million, a decrease of 3.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, second quarter revenue was down approximately 3.4%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 10.0%. Excluding the negative impact of foreign currency fluctuations, second quarter revenue in Asia/Pacific & Europe decreased approximately 8.0%;
Net loss per diluted share was $0.05, versus net loss of $0.08 per diluted share a year ago;
Adjusted earnings per diluted share was $0.10, compared to adjusted loss per share of $0.07 a year ago; and
Adjusted EBITDA increased 289.0% to $3.1 million.
* All comparisons are on a year over year basis and compare the second quarter of fiscal 2024 to the second quarter of fiscal 2023, unless otherwise noted.

“We delivered significant year-over-year improvement in profitability during the second quarter as our LV360 initiatives continued to gain traction,”

said Steve Fife, President and Chief Executive Officer of Life Vantage.
“Adjusted EBITDA increased 289% to $3.1 million

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LiveGood Paid Out $50 Million In Commissions In 2023

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LiveGood paid out $50 million in commissions for the first year of its operation. The performance of LiveGood, a company based in the US, has been quite impressive. In 2023, the company generated a revenue of est. $125 Million marking a significant increase of compared to the previous year.
According to LiveGood:

“With a commitment to staying on the cutting edge of science and nutrition technology, we pride ourselves on creating only the highest quality products of their kind available anywhere in the world.
From the purest natural ingredients harvested from some of the most pristine locations on the planet, to our world-class manufacturing facilities to ensure top-notch consistent quality, to unique and powerful formulations that are unmatched anywhere, we pride ourselves not only on creating products that are good for your body, but on creating products that get results.”

With over $50 million in commisions for a $9.95 monthly membership, it is rather new concept of affiliate and network marketing. With 2% of all profits (from membership sales and all products) being distributed among Diamond distributors, more than 80 diamonds grow in less than a year.
LiveGood in Facts and Figures
In recent news related to LiveGood, Network Marketing Professional Kelly Tolar has risen to

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Arieyl Celebrates Their 3rd Year Anniversary

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Happy Anniversary Arieyl.

“It’s hard to put into words what this anniversary means to us here at Arieyl. We had so many hurdles and road blocks to manoeuvre and overcome for this to be possible.“

Travis Butler
Since its opening, Arieyl has evolved and grown as an organization and community. Strategically we’ve been able to hit multiple fields of interest, including weight loss and fitness, beauty, and skincare, as well as their holistic wellness approach to everyday living.
Despite approximately 95% of MLMs going out of business within their first three years and annually thousands of network marketing companies closing their doors; Arieyl has been able to weather lockdowns and market uncertainty, thanks to their collaborative culture and “people before profits” attitude resonating with their rockstars.
Despite the company still being in the early phases, Arieyl is leaving its mark on each of the massive industries they look to revolutionize.
This is all thanks to its unique blend of engaging marketing and first-to-market products destined to help each of its Rockstars and VIP customers achieve their own Highest Self. The core of what Arieyl stands for is providing its customer base with the ability to be the best version of themselves.

“We’ve had some huge wins

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LifeVantage Q3 Revenue $51.4 Million

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LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes, today reported financial results for its first fiscal quarter ended September 30, 2023.

First Quarter Fiscal 2024 Summary*:

Revenue of $51.4 million, a decrease of 0.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, first quarter revenue was down approximately 0.2%;
Revenue in the Americas increased 5.9%, including a 6.5% increase in the United States. Revenue in Asia/Pacific & Europe decreased 16.6% and was down approximately 14.6% excluding the negative impact of foreign currency fluctuations;
Total active accounts declined 10.5% from the prior year period to 137,000, reflecting a 7.5% decline in the Americas and a 17.0% decline in Asia/Pacific & Europe;
Net income per diluted share were $0.05, versus $0.05 per diluted share a year ago;
Adjusted earnings per diluted share was $0.13, compared to $0.06 a year ago; and
Adjusted EBITDA increased 41.4% to $4.0 million.

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

“We are very pleased with our first quarter results, which further demonstrate the effectiveness of LV360 in driving growth and profitability,”

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

“Revenue in the U.S. was up 6.5%, reflecting continued strength in key products, including a

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