-Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its first quarter of 2023.
First Quarter End Results
First quarter net sales for 2023 were $34.1 million, an increase of $1.7 million, or 5.3%, as compared to $32.4 million in the first quarter of 2022.
First quarter net sales for 2023 include the results of an annual promotion in March 2023 that occurred in April 2022. Our net sales increased 10.2% on a constant dollar basis (see Non-GAAP Measures, below) as foreign exchange decreased GAAP net sales by $1.6 million, mostly due to the decline of the Korean Won and Japanese Yen.
First quarter operating income for 2023 was $0.7 million as compared to less than $0.1 million for the first quarter of 2022.
Net income was $0.6 million, or $0.32 per diluted share, for the first quarter of 2023, as compared to net income of $0.1 million, or $0.06 per diluted share, for the first quarter of 2022.
For the three months ended March 31, 2023, overall selling and administrative expenses decreased by $0.5 million to $6.4 million, as compared to $6.9 million for the same period in 2022.
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Bravenly Global Achieving Strong Month-Over-Month Growth In 2023
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Bravenly Global has grown exponentially over the past 12 months (700% increase to $8 million in sales) and continues to grow each month in 2023.
The two-year-old USA-based healthy lifestyle company achieved strong month-over-month sales growth in January, in February, and in March 2023; over the last two months, Bravenly experienced over +60% growth.
The company reported 80% Customer-to-Distributor ratio, with over 70% of their monthly revenues coming from Customers’ orders and re-orders.
CEO Aspen Emry shared:
“When my husband Brent (COO) and I started Bravenly a little over two years ago, we wanted to change lives and bring value-packed, craveable products that really work, coupled with an opportunity that has a positive, empowering impact on families’ lives.
It’s so rewarding to see tens of thousands of people enjoying these results-driven products, and hear the wonderful, heartfelt stories of people that love how they’re feeling better and restoring their optimal health.”
Bravenly recently launched their new Pina Colada Rush Extreme, an all-natural beverage designed to deliver healthy essential energy, vitamins, laser-focus, boost mood, and on-point appetite control, and tastes like a delicious pina colada; this new nootropic drink quickly became one of the top-selling most popular products ever launched.
The company’s product line now totals 16
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Startup Go Global Achieves 50,000 Paid Customers And Distributors In 2 Months
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GO Global: Second Month Surpasses Expectations with March Achievements.
The recently launched GO platform had a remarkable month in March after a historical and record breaking first month. GO Global was able to achieve outstanding results that exceeded even its own expectations. In just 2 short months, GO Global is on pace to have the single best year in terms of total revenue and new customer acquisition compared to any company that has come before it.
The company credits its initial success to its outstanding field leadership team that have shown they are committed to the company mission as well as vision of the corporate leadership team. With this type of commitment from its leaders that span over 50 countries, GO Global is definitely on track to continue its success.
“We are thrilled with the outstanding results we achieved in March, and we are deeply grateful to our members for their unwavering support. Our commitment to transparency, accountability, and accessibility is at the core of everything we do.”
said CEO Nader Poordeljoo.
Despite being a relatively new player in the industry, GO Global has already set new benchmarks for the sector, and the number of sign-ups in March was evidence of the
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Streakk Is Growing At The Speed Of Light
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According to a Streakk Technologies press release:
Streakk is currently one of the fastest-growing companies in the direct selling industry in terms of revenue and community growth.
Streakk recorded a truly remarkable achievement as it crossed $100 million in revenue within 6 months of entering the market. This is most likely the only company in the industry that has been able to reach this benchmark in such a short period of time.
With the company’s leadership and innovative approach, Streakk has been able to achieve unprecedented growth and attract a diverse group of people from around the world.
From securing several partnerships with leading companies like Minebase, MarketPeak, Go Unique, and Lan Network, which also helped in acquiring a new user base and achieving $100 million in revenue in such a short period, to paying out over $70 million in commissions to its promoters, Streakk has been on an incredible trajectory since its emergence.
This year, Streakk began with great news and impressive growth, and to continue that, they are holding the Streakk Fest.
Streakk Fest is a roadshow that Suki Chen, CEO of Streakk, has undertaken in order to bring the business to an increasing number of people and grow their already 1.2 million streakk
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Plexus Worldwide Sales Down 9% To $454 Million In 2022
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Plexus Worldwide, a leading health and wellness company based in Scottsdale, released impressive numbers and milestones following a successful year for the company, its Brand Ambassadors, and nonprofit partners.
In 2022, the company shipped more than 3.2 million orders to customers worldwide and generated more than $454 million in total gross sales.
This success was fueled in part by the launch of 12 new products, including Plexus Reset™, a 3-day nutritionally supported fast that is designed to help revitalize, restore, and reset the body’s metabolism and provide optimal nutrition.
More than 7,500 Brand Ambassadors attended the company’s signature event in Columbus, Ohio this past June at the 2022 Ignite convention. The 3-day celebration was centered around recognizing top sellers, learning best business practices from industry experts, and discovering new products in gut health, weight management, skincare, and nutrition.
Plexus also hosted the 2022 Evolución Convention in Mexico City with more than 460 Plexus Brand Ambassadors. Leaders from Plexus Mexico gave inspiring presentations and unveiled a brand refresh that embraces Mexican culture and highlights vibrant concept art created by artist Asero Rodríguez.
The wellness company also celebrated 45 long-standing team members who reached their five-year anniversaries by awarding them free vacations to Orlando, Florida. Plexus
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Amway 2022 Revenue Down $800 Million Or 9% To $8.1 Billion
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Amway, an entrepreneur-led health and wellness company, today reported sales of $8.1 billion USD for the year ending December 31, 2022. This represents an overall decline from 2021 sales of $8.9 billion due to the strength of the US dollar, the sale of Metagenics, Inc. (a non-direct selling entity), and the ceasing of operations in Russia.
On a constant currency basis, sales for Amway’s direct selling business were up 1.0% representing a third consecutive year of growth. This growth was driven by entrepreneurs all over the world who are dedicated to providing health and wellness solutions to their customers. Several of Amway’s top markets experienced growth in 2022 including Mainland China, South Korea, Hong Kong, Malaysia, Taiwan and Vietnam.
“For more than 60 years, Amway has focused on helping entrepreneurs build rewarding businesses by providing customers with health and wellness solutions that help them live better, healthier lives,”
said Amway Chief Executive Officer Milind Pant.
“Health and wellness is infused in everything we do, which shows in our category sales.
In 2022, our Nutrilite™ brand accounted for more than 50 percent of global sales, representing growth of eight percent for the Nutrition category. In addition, our healthy beauty category, featuring Artistry™ skincare and
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Bravenly Global 700% Growth Year-Over-Year In 2022
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Founded at the height of a global pandemic, Bravenly Global has grown exponentially over the past year. In its first full year (2021), sales reached $1 million; by the end of year two (2022), the company had grown 7-fold, to $8 million.
This new company was also voted #14 in the most recent Business For Home Top Direct Selling Companies 2023 poll, which included over 220 companies in the running, and was voted on by over 47,400 people globally.
CEO Aspen Emry shared:
“Bravenly comes from the guiding principle that, when we bravely step out in faith – when we ‘feel the fear and do it anyways’ – there is the promise that you’ll be strengthened and rewarded through this.
When each of us makes our own conscious decision to create the life that we deserve and are worthy of, at times we need to stare fear in the face and make a move towards it, because that’s when we can experience the most growth, which is key to joy.”
Over the last two decades, Aspen has risen from building a business in the field, to becoming a top producer, to being recruited as a key leader of the Field Development team of a
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Nu Skin Revenue 2022 Down 17% To $2,230 Million
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Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth quarter and full year 2022 results.
Revenue: $522.3 million; (22)% (7)% FX impact or $(51) million. Earnings Per Share (EPS):
$1.15 or $0.89 excluding restructuring and impairment chargesassociated with the company’s strategic resource reallocation and arecent IRS-approved favorable tax method change, compared to $(0.18) or $1.11 excluding restructuring and impairment charges in Q4 2021.
Customers: 1,147,124; (16)%
Paid Affiliates: 236,956; (13)%
Sales Leaders: 48,737; (21)%
Executive Summary 2022 vs. 2021
Revenue: $2.23 billion; (17)%
(5)% FX impact or $(150) million
Earnings Per Share (EPS):
$2.07 or $2.90 excluding restructuring and impairment charges and a tax method change, compared to $2.86 or $4.14 excluding
restructuring and impairment charges.
“We made steady progress toward our Nu Vision 2025 strategy, despite persistent macro-economic challenges, which primarily included COVID-related disruptions in Mainland China, global inflation and foreign currency headwinds,”
said Ryan Napierski, Nu Skin president and CEO.
“We achieved several key milestones during 2022 including the introduction of our first connected device, ageLOC® LumiSpa® iO, further strengthening our position as the world’s leading beauty device system brand; the rollout of our Vera and Stela apps in all markets, which provide increased consumer and affiliate engagement; and steady advancements with our social commerce model.
While we saw our sales
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Herbalife Revenue 2022 Down 10.3% To $5.2. Billion
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Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the full year and fourth quarter ended December 31, 2022:
Highlights
Full year 2022 net sales of $5.2 billion, a 10.3% decrease compared to the full year 2021. On a constant currency basis1, net sales declined 5.4% compared to the prior year.
Full year 2022 reported diluted EPS of $3.23 and adjusted2 diluted EPS of $3.40, compared to full year 2021 reported and adjusted2 diluted EPS of $4.13 and $4.79, respectively.
Full year 2022 reported net income of $321.3 million and adjusted2 EBITDA of $694.5 million.
Fourth quarter 2022 net sales of $1.2 billion, a 10.4% decrease compared to the fourth quarter 2021. On a constant currency basis1, net sales declined 4.2% compared to the prior year period.
Fourth quarter 2022 reported diluted EPS of $0.55 and adjusted2 diluted EPS of $0.53, compared to fourth quarter 2021 reported and adjusted2 diluted EPS of $0.37 and $0.57, respectively.
Fourth quarter 2022 reported net income of $54.4 million and adjusted2 EBITDA of $130.7 million.
During the fourth quarter, the Company reduced its nominal debt level by approximately $60 million.
Given the rapidly shifting macroeconomic sentiment and backdrop, as well as increased volatility in the market, the Company is not providing FY 2023 guidance.
The Company’s previously announced Transformation
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Stemtech Anticipates Growth Rate In 2023 Will Exceed 2022
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Stemtech today announced VISION 2023 concerning the exciting developments planned for the new year.
President and Chief Operating Officer, John W. Meyer says that “VISION 2023 for Stemtech was built on the foundations we enacted over the course of 2022.
“Our efforts were rewarded with a 20% growth of new Independent Business Partners (IBPs) and customers over FY 2021. We anticipate that this growth rate will actually be exceeded this year.
We introduced the powerful AdvanceOffice Mobile app for all of our distributors which enables them to operate their entire business via the app.
We launched a new proprietary blend named “CellectOne™”, a Rapid Renew Stem Cell Peptide Night Cream; we held our international conference in Cancun, Mexico this past December. Each one of these investments have generated exciting growth far beyond our expectations”
“For the upcoming fiscal year, we expect to increase our customer base as well as revenue. Much of this stems not only from our new product lines or increasing sales, but as much our human factor.
Our Field attendees came away from our Cancun event filled with excitement and new strategies to take to their customers, sharing the many opportunities of Stemtech.
We believe that sales will increase considerably in 2023