Tag Archive for Revenue

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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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Zinzino Revenue Up 24% in Q3 To $37 Million

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The revenue in September for Zinzino’s sales markets increased by 19 % and amounted to SEK 145.6 (122.4) million. Faun Pharma’s external sales increased by 56 % and amounted to SEK 9.5 (6.1) million. Overall, the Group increased revenues by 21% to SEK 155.1 (128.5) million compared with the previous year.
Sales in Zinzino’s sales markets increased by 24% in the third quarter of 2023 compared with the same period last year and amounted to SEK 411.3 (332.9) million.

SEK 411.30 equals to USD$37 Million.

Total revenues in the Group increased by 24 % in the third quarter and amounted to SEK 434.0 (349.9) million.
Accumulated revenue for January – September 2023 increased by 22% to SEK 1235.6 (1013.8) million.

SEK 1235.6 equals to USD$106 Million.

About Zinzino
Zinzino AB (publ.) is a global Direct Sales company that markets and sells test-based nutrition, skincare and life-style products. Zinzino owns the research unit BioActive Foods AS and production unit Faun Pharma AS.
Zinzino is based in Gothenburg, with additional offices in Finland, Latvia, Norway, USA, Australia, Hong Kong and Malaysia. Zinzino is a public company and its shares are listed on Nasdaq First North Premier Growth Market. For more informaton please visit www.zinzino.com
The post Zinzino Revenue Up 24% in Q3

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Beyond Slim Celebrates 12 Straight Months Of Double-Digit Growth

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One bright spot in the Direct Selling Industry has been the sky-rocketing growth of Beyond Slim. At a recent leadership retreat held in Park City, Utah, CEO & Founder Ray Faltinsky announced that Beyond Slim just celebrated its 12th consecutive month of double- digit, month-over-month growth.
“From August 2022 through August 2023, we’ve grown by 35X!” Faltinsky told his top 30 leaders, “I’ve never seen or heard of a 12-month growth spurt like ours. We are changing so many lives for the better!”
Beyond Slim’s record growth, at a time when the direct selling channel is struggling, is no accident.
“When we launched Beyond Slim, we knew that times were changing.”  Faltinsky states, “Gone are the old “MLM” ways of doing business, like expensive packs to get started, forcing distributors to purchase for qualifications and not offering a lucrative opportunity for the part-time person to earn.
We’ve turned all that on its head and we’re doing things that no other company has ever done, like no big packs, no personal volume required to earn a check, free product with just 2 customers, 3-day pay and finally a compensation plan where the part time person can be successful.
We’ve made things so simple and lucrative, that

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