Tag Archive for Revenue

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USANA Q3 Revenue Down 15 % To $233 Million

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USANA Health Sciences, Inc. announced financial results for its fiscal third quarter ended October 1, 2022. Key Financial & Operating Results:
Third quarter net sales were $233 million as compared with $274 million during the third quarter of the prior year. Third quarter diluted EPS totaled $0.78 versus $1.36 during the third quarter of 2021. Company revises fiscal 2022 net sales and diluted EPS outlook to $955 million to $975 million and $3.15 to $3.40, respectively.
Q3 2022 Financial Performance – Consolidated Results
Net Sales $233 million

-15% vs. prior-year quarter
-9% constant currency vs. prior-year quarter
-$15 million YOY FX impact, or -6%
-9% sequentially in constant currency
Diluted EPS $0.78 -43% vs. prior-year quarter -22% sequentially
Diluted shares of 19.3 million, -4% year-over-year
Active Customers 474,000 -18% vs. prior-year quarter -15% sequentially

“The challenging operating environment in Asia Pacific and the strengthening U.S. dollar negatively affected our operating results in the third quarter,”
said Kevin Guest, Chief Executive Officer and Chairman of the Board.
“COVID-related disruptions and challenging economic conditions resulting from those disruptions negatively impacted our results in several key Asia Pacific markets where city-wide lockdowns and other COVID restrictions persisted. This difficult operating environment has impacted our entire industry.”
Guest continued,
“While we remain committed to our long-term business strategy,

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ibüümerang Records Its Biggest Month Ever With 27 New Diamond Ranks

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In August 2022, ibüümerang saw its biggest month ever in its brief 3-year history, with hundreds of rank advancements and thousands of new enrollments.
27 new Diamond ranks were created in this month of momentum, including the first two Presidential Diamonds in ibüümerang’s history.
This explosive growth came immediately after ibüümerang’s Go Diamond Limitless event at the end of July 2022, where ibüümerang CEO, Holton Buggs inspired countless Ambassadors from all over the world.
Watch the video below for a glimpse into ibüümerang’s incredible momentum and how Ambassadors are preparing for an even bigger year ahead:

About ibüümerang: 
Officially launched on September 1, 2019, ibüümerang was founded on the vision and mission of giving back to others without expecting anything in return.
ibüümerang pioneered the concept of “you only earn when your customers save,” and supports the BüüM Foundation in providing an abundant life for every child on the planet.
For more information on ibüümerang and its top-tier leadership team, visit the company website at www.ibuumerang.com.

The post ibüümerang Records Its Biggest Month Ever With 27 New Diamond Ranks appeared first on Direct Selling Facts, Figures and News.

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Juice Plus+ Moody’s Downgrades Rating, Outlook Is Negative

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Juice Plus has experienced double digit sales declines in its fiscal year ending April 2022, reflecting declines in sales force and volumes.
Juice Plus continues to invest in IT systems, tools, training, and incentives to drive enrollment, but these investments have not halted the erosion of sales and earnings.
Moody’s is concerned that the company will face difficulty mitigating distributor, revenue and earnings declines because increased hybrid work arrangements create competition for sales consultants that desire work flexibility.
Moody’s projects negative $11 million of free cash flow in the fiscal year ended April 2023. Moody’s believes the cash balance may not be sufficient to fund the free cash flow burn, the $22.5 million of required annual term loan amortization, and repayment of the $7.5 million revolver if the facility is not extended. 

The Moody’s press release:
Moody’s Investors Service (“Moody’s”) downgraded JP Intermediate B, LLC’s (dba as The Juice Plus Company, “Juice Plus”) Corporate Family Rating (“CFR”) to Caa1 from B3 and its Probability of Default Rating to Caa1-PD from B3-PD.
Moody’s also downgraded Juice Plus’ first lien senior secured revolving credit facility and term loan ratings to B3 from B2. The rating outlook is negative.
The rating downgrades reflect Moody’s expectation for debt-to-EBITDA (Moody’s adjusted) to

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Validus Welcomes BFH’s Triple-A Rating In Their First Year of Operation

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According to a Validus press release:
Due to the highly effective growth of the company and the rapid results achievable by all members, Validus has been recognised as the only MLM company in the last five years to reach a $100 million turnover within its first year of operation.
In less than a year, Validus has introduced the world to new and vital ways of forming a worldwide community and sharing financial benefits.
The Validus leadership team have dedicated themselves to the expansion of ethically led training leading to personal economic growth and forex trading excellence. In addition, it has opened its door to new members from around the globe, adding value to their lives and helping them work towards financial independence.
Validus’ primary function is to educate people who are underserved by financial institutions globally. Financial literacy provides a strong foundation for individuals to take control of their personal economy and work towards a better future.
Validus specialises in providing online educational content, specifically in foreign exchange, and has plans to expand into other subject areas.
Following a momentous early development period, Validus is already being recognised for some highly noteworthy achievements.
Validus Founders
Turnover isn’t the only thing turning heads. Validus has also demonstrated how to

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DuoLife 2021 Revenue Up 40% To $37 Million

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As part of its growth plan for 2020-2025, DuoLife has decided to issue shares, which are steadily increasing in value year on year. The company also expects to open new markets and increase its turnover in Europe, Asia and North America.

Between 2020 and 2021, the company’s revenue increased by 40.4%.
Since 1 August 2022, 78,060 new members have joined the DuoLife Club.
Since the beginning of 2020. 260 DuoLife Club members received luxury cars.
Since the beginning of 2020, 36 new products have been launched.

DuoLife dietary supplements are top-quality preparations composed from natural ingredients with extraordinary attention to detail.
They meet even the most stringent standards and requirements, as confirmed by numerous certificates. Every day, thousands of people around the world change their lives for the better thanks to our unique products.
DuoLife’s product portfolio includes more than 70 products. The company plans to introduce a further four products by the end of 2022.
DuoLife creates products that reach thousands of people around the world and is aware of the responsibility that comes with this, the Company makes every effort to ensure that they meet even the strictest standards and EU requirements.

About DuoLifeDuoLife is a joint-stock company founded in Poland in 2013, operating globally on 52

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LifeVantage Revenue Fiscal Year 2022 Down 6% To $206.4 Million

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LifeVantage Corporation today reported financial results for its fourth quarter and full fiscal year ended June 30, 2022.
Fourth Quarter Fiscal 2022 Summary*:
Revenue of $50.9 million, a decrease of 7.0% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 3%;

Revenue in Asia/Pacific & Europe increased 0.7%
Revenue in the Americas decreased 10.5%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe increased approximately 12.8%;
Total active accounts declined 8.2% from the prior period to 156,000, reflecting a 10.9% decline in the Americas and a 2.0% decline in Asia/Pacific & Europe;
Loss per diluted share were $0.11, versus earnings per diluted share of $0.35 a year ago;
Adjusted earnings per diluted share were $0.01, compared to $0.31 a year ago;
Adjusted EBITDA of $1.7 million, compared to $6.6 million a year ago; and
Repurchased 103,391 shares.

*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2022 to the fourth quarter of fiscal 2021, unless otherwise noted.
Fiscal Year 2022 Summary**:

Revenue decreased 6.3% to $206.4 million.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2022 revenue was down approximately 4.2%;
Revenue in Asia/Pacific & Europe increased 3.8% and revenue

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Nature’s Sunshine Products Q2 Revenue Down 4.4% To $104.2 Million

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Nature’s Sunshine Products, Inc. (Nasdaq: NATR) (Nature’s Sunshine), a leading natural health and wellness company of high-quality herbal and nutritional products, reported financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Financial Summary vs. Same Year-Ago Quarter
Net sales were $104.2 million compared to $109.0 million.
GAAP net income was $1.0 million, or $0.03 per diluted share, compared to $6.8 million, or $0.32 per diluted share.
Adjusted EBITDA was $9.0 million compared to $13.4 million.
Management Commentary
“The challenges facing our world certainly remained in the second quarter,”
said Terrence Moorehead, CEO of Nature’s Sunshine.
“The devastating war in Ukraine, rampant inflation, supply chain pressures, and the lingering impact of COVID-19 hampered our vision to share the healing power of nature with everyone.
Despite the headwinds, our revenue was flat on a constant currency basis, driven by continued rapid growth in Asia and mitigated losses in Europe. We believe these outcomes illuminate the resilience of our brand, the power of our vision, and the advantages of our global presence.
“As we look to the remainder of the year, we recognize the volatility and uncertainty of the operating environment.
However, we will continue to invest in our five global growth strategies and support our partners

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Mannatech Q2 Revenue Down 17,7% To $35 Million

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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 second quarter of 2022.
Second Quarter End Results
Second quarter net sales for 2022 were $35.0 million, a decrease of $7.5 million, or 17.7%, as compared to $42.5 million in the second quarter of 2021.
Our net sales declined 11.3% on a constant dollar basis (see Non-GAAP Measures, below) as foreign exchange decreased GAAP net sales by $2.7 million, mostly due to the decline of the Korean Won and Japanese Yen.
During the second quarter, logistics in Hong Kong improved, and we were better able to deliver products to our customers. However, during the quarter, supply chain constraints worldwide continued to impact our sales. We have experienced a shortage of an ingredient used in some core products, and we have begun to move forward with our manufacturing partners with an alternative.
Second quarter operating income for 2022 was $0.9 million as compared to $2.0 million for the second quarter of 2021.
Net income was $0.7 million, or $0.34 per diluted share, for the second quarter of 2022, as compared to net income of $2.1 million, or $0.99 per diluted share,

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USANA Q2 Revenue Down 21% To $264 Million

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USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal second quarter ended July 2, 2022.

Second quarter net sales were $264 million as compared with $337 million during the second quarter of the prior year.
Second quarter diluted EPS totaled $1.00 versus $1.87 during the second quarter of 2021.
Company reiterates fiscal 2022 net sales and diluted EPS outlook of $1.015 billion to $1.065 billion and $3.85 to $4.45, respectively.

“As indicated in our preliminary results release on July 6th, we continue to experience COVID-related disruptions in several key markets, including mainland China. This caused participation in sales programs, Active Customer counts, and financial performance to come in lower than anticipated,”
said Kevin Guest, Chief Executive Officer and Chairman of the Board.
“Although many of these disruptions were outside of our control, and while we faced a tough year-over year comparable due to the timing of a successful sales program in 2021, our second quarter results were not up to our standards.
Nevertheless, we remain committed to our business strategy which we believe will deliver sustained, long-term growth in customer counts, net sales, and EPS.
Important elements of this strategy include

enhancing digital experience for our customers to improve the overall online shopping experience;
improving

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Zeta Pays $1,4 Million In Commission In The First Month

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According to a Zeta press release:
As Allan Badilla stated,
“The 4.0 revolution will make history”, Zeta Group, in its first month has achieved great results and in just 30 days has set multiple records in the industry.
This revolution came to be a benchmark for leadership and economic growth in Latin America and the world, through the leadership of Allan Badilla, Zeta has achieved that its most recognized leaders reach ranks that seemed impossible in such a short time.
The first of these achievements was achieved in just 7 days by Allan Badilla, who reached the double diamond rank, earning a commission of $70,000, demonstrating, once again, that, thanks to his leadership and constant work, it is possible to achieve high-level results in record time.
By reaching this rank, Allan made way for one of its strongest leaders to achieve in just two weeks, being the first Diamond Z, the entrepreneur Miguel Posada, reached this rank in record time.
Following the example of the double diamond, Miguel continues stating that his purpose is to positively impact people and show them that results like this are a reflection of the effort and dedication of a leading organization in a million-dollar industry.
June continued to be a

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