USANA Health Sciences, Inc. (NYSE: USNA) today announced preliminary results for the second quarter ended July 2, 2022, and provided an updated outlook for fiscal year 2022.
The Company anticipates that second quarter 2022 net sales will be approximately $265 million, which compares with $337 million in the prior-year period. Earnings per share for the quarter are expected to be approximately $1.05, which compares with $1.87 during the second quarter of 2021.
“Our sales performance during the second quarter was below expectations, as COVID-related lockdowns, restrictions, and other disruptions continued in mainland China and other markets,”
said Kevin Guest, Chief Executive Officer and Chairman of the Board.
“These challenges were particularly disruptive to the regional sales program we offered in several key markets during the quarter, and ultimately caused participation in the program, sales results and active customer counts to come in lower than anticipated.
Importantly, this program was designed to be a catalyst for sales and customer growth not only during the quarter, but also in the second half of the year. As a result of this and the continued uncertainty surrounding the operating environment going forward, we anticipate softer sales and customer counts in the second half of the year.”
“We continue to
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Herbalife Q1 Revenue Down 11% To $1.33 Billion Due To Pandamic
by Team Business For Home • • 0 Comments
Is downtown-based Herbalife Nutrition Ltd. losing some of its mojo?
Maybe. Herbalife stock started sliding in February after its year-end earnings report and has lost nearly half of its value since then, substantially outpacing the overall drop in the markets.
Not helping was a first-quarter earnings report that was weak compared to 2021, with revenue down 11% to $1.33 billion and net income down about 33% to $98 million.
Herbalife sells a range of nutrition products using a network of more than 6 million distributors – which it calls members – in 95 countries. The products are for a variety of uses, including weight management, fitness, nutritional supplements and skin/body care.
In its earnings report issued on May 3, Herbalife attributed some of the sales slowdown to its newest group of distributors.
Herbalife Chief Executive John Agwunobi provided some additional insight in the teleconference call following the earnings release.
“Most of the distributors that joined Herbalife during the pandemic have never been to an in-person event, and there is no substitute for gathering in person for learning, collaborating and motivating,” he said.
Toward the end of the first quarter, Herbalife began reinstituting in-person distributor events.
“The interactive discussions, the face-to-face team building and the social elements that are
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Medifast – Optavia First Quarter Sales Up 22.6% To $417 Million
by Team Business For Home • • 0 Comments
Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, today reported results for the first quarter ended March 31, 2022.
First Quarter 2022 Highlights Compared to the Prior-Year Period
Revenue increased 22.6% to $417.6 million
21.7% growth in the number of active earning OPTAVIA Coaches to 63,900
Revenue per active earning OPTAVIA Coach increased 1.3% to $6,536
Net income increased 1.7% to $41.8 million
Earnings per diluted share (“EPS”) of $3.59, an increase of 3.8%
Annual revenue guidance raised to $1.78 billion to $1.84 billion and full-year EPS to $14.60 to $16.05
“Record quarterly revenues, sharp acceleration in coach metrics and an increase in our annual financial guidance are powerful indications of the underlying strength of our business.
We have record numbers of independent active earning OPTAVIA Coaches, helping us drive robust product demand and rapidly increasing digital engagement, and bolstering OPTAVIA to the #1 revenue share position among publicly traded companies in the weight management industry in the United States,”
said Dan Chard, Chairman and Chief Executive Officer of Medifast.
“We continue to take advantage of significant opportunities to further leverage our technological innovation and infrastructure. Through deeper integration of key technologies and data analytics, we are enhancing the OPTAVIA customer experience and enabling significant productivity gains for OPTAVIA Coaches.
All of this creates strong potential for further expansion into the broader
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LR Group 2021 Sales Up 4% To $310 Million
by Team Business For Home • • 0 Comments
Group sales in 2021 increased by 4.0% to EUR 296.2 million (USA $ 310 Million)
EBITDA reported at the upper end of the earnings forecast at EUR 36.8 million
LR Global Holding GmbH, Europe’s leading digital social selling company in the area of high-quality health and care products, published its final, audited figures for financial year 2021 today, confirming the positive, preliminary figures for the past reporting year.
According to these figures, the LR Group was able to increase its sales (merchandise revenues) by 4.0% to EUR 296.2 million in financial year 2021 (previous year: EUR 284.9 million) and continue its growth course after an extraordinarily strong previous year. All regions contributed positively to the development of sales in 2021.
Furthermore, based on final figures, the LR Group achieved normalised EBITDA of EUR 41.6 million in financial year 2021, compared to EUR 42.5 million in the same period of the previous year.
In addition, the company improved its EBITDA reported slightly to EUR 36.8 million (previous year: EUR 36.7 million). This was at the upper end of the forecast for EBITDA reported of EUR 33 million to EUR 37 million for 2021.
“The LR Group developed successfully and further strengthened its market position in 2021.
This
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Prüvit Sales Topped $598 Million In 2021
by Team Business For Home • • 0 Comments
Prüvit, one of the fastest growing health technology brands, was honored at the DSN 2022 Global 100 ceremony in Frisco, Texas for reaching $598 million in yearly revenue.
In addition to the Global 100 list, awards are given out in a variety of categories including leadership, lifetime achievement, meaningful global responsibility, customer centricity, and 2022 best places to work in direct selling, among others. The festivities are complimented by a special-edition print issue, and a networking dinner.
With a top-tier guest list made up of leading executives, the 2022 event was a tremendous success with a virtual broadcast making it possible for people all around the world to join in the experience.
The event is DSN’s celebration of the outstanding achievements of organizations and the executive leaders within the industry who have made big moves and experienced major growth over the past year. They are essentially the Oscars of direct selling with over 1,300 attendees, and more than 35 presenters with a total value of participating companies topping $20 billion.
It was a shining tribute to the unlimited potential of the whole community to grow and evolve into an even brighter future. With the wealth of knowledge of the thought leaders and executive innovators on the
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How Businesses Are Generating Recurring Revenue Streams
by The Epoch Times • • 0 Comments
While in its simplest form, the concept of manufacturing may convey the thought of creating and selling a product, today’s connectivity has led to further opportunities. For manufacturers, that includes windows opening to new revenue streams.
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Reliv Int. Q3 Revenue down 8.2% To $8.3 Million
by Ted Nuyten • • 0 Comments
Reliv International, Inc. (NASDAQ:RELV), a maker of nutritional supplements that promote optimal health, today reported its financial results for the third quarter of 2018.
Reliv reported net sales of $8.3 million for the third quarter of 2018 compared with net sales of $9.1 million in the third quarter of 2017. Net sales in the United States decreased by $583,000 in the third quarter of 2018, which represented an 8.2 percent decline in net sales when compared to the prior-year quarter.
Net sales in Reliv’s foreign markets decreased by $149,000, or 7.5 percent, in the third quarter of 2018 compared with the prior-year quarter. Net sales in Asia and Mexico increased by 4.8 percent and 21.9 percent, respectively, in the third quarter of 2018, offset by decreases in all other regions. Net sales in Reliv’s foreign markets decreased by 3.3 percent during the third quarter of 2018 when the impact of foreign currency fluctuation is removed.
Reliv reported a net loss for the third quarter of 2018 of $542,000 (loss per diluted share of $0.29) compared to a net loss of $319,000 (loss per diluted share of $0.17) in the third quarter of 2017. The loss from operations for the third quarter of 2018
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Nu Skin Q3 Sales Up 20% To $675 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced strong third-quarter financial results with revenue of $675.3 million, an increase of 20 percent over the prior-year period. Earnings per share were $0.94, an increase of 24 percent over the prior-year period, or $1.01, an increase of 33 percent, when excluding a foreign currency translation loss of $0.07.
“We delivered strong year-over-year financial results with reported revenue growth in every region, highlighted by double-digit increases in Mainland China and Southeast Asia,”
said Ritch Wood, chief executive officer.
“This is our fourth consecutive quarter of revenue growth of 20 percent or more, driven by the continued execution of our growth strategy focused on engaging platforms, enabling products and empowering programs which led to solid customer growth of 9 percent and sales leader growth of 14 percent.”
“We continue to empower our sales leaders to effectively acquire customers through enabling social sharing, providing innovative products like ageLOC LumiSpa, and implementing our enhanced sales compensation program, Velocity. We are on pace to generate a very strong finish to this year which we believe sets us up well for 2019,” Wood concluded.
“We generated 20 percent year-over-year revenue growth and 24 percent improvement in earnings in the quarter,”
said Mark Lawrence,
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The 250 Largest Direct Sales Companies In The World
by Ted Nuyten • • 0 Comments
Below list is in real time, in $USA and “work in progress”, meaning if we validate/ add the 2017 sales for a company this list will be updated instantly.
We work with a real time database.
For a number of private companies we have estimated the revenue based on the number of employees (1 employee = $1 million in sales) facebook talking about, public information, and we estimate low.
If you want to share information or adjust below revenue, please log a support ticket.
If you want to add a company please check this page.
We compare the 2015 sales with 2017 sales.
If you want the 2016 versus 2017 revenue that list is here (coming soon)
Total revenue of this list is approx. $94 Billion
#CompanyRevenue 2015Revenue 2017ChangeRemarkCountry1AmwayRevenue 20159,500Revenue 20178,600Change-9%RemarkConfirmedCountryUS2Avon ProductsRevenue 20156,160Revenue 20175,700Change-7%RemarkConfirmedCountryUS3VorwerkRevenue 20154,190Revenue 20174,190Change0%RemarkSee divisionsCountryDE4InfinitusRevenue 20153,888Revenue 20173,920Change1%RemarkConfirmedCountryCN5Mary KayRevenue 20153,700Revenue 20173,250Change-12%RemarkConfirmedCountryUS6Natura CosmeticosRevenue 20152,410Revenue 20173,090Change28%RemarkConfirmedCountryBR7Perfect ChinaRevenue 20153,580Revenue 20172,960Change-17%RemarkConfirmedCountryCN8Nu SkinRevenue 20152,250Revenue 20172,280Change1%RemarkConfirmedCountryUS9TupperwareRevenue 20152,280Revenue 20172,260Change-1%RemarkConfirmedCountryUS10MelaleucaRevenue 20151,330Revenue 20171,750Change32%RemarkConfirmedCountryUS11JoyMain Int.Revenue 20151,400Revenue 20171,580Change13%RemarkConfirmedCountryCN12OriflameRevenue 20151,350Revenue 20171,537Change14%RemarkConfirmedCountrySE13SunhopeRevenue 2015940Revenue 20171,536Change63%RemarkConfirmedCountryCN14Young LivingRevenue 20151,000Revenue 20171,500Change50%RemarkConfirmedCountryUS15Rodan and FieldsRevenue 2015624Revenue 20171,500Change140%RemarkConfirmedCountryUS16New Era HealthRevenue 20151,160Revenue 20171,333Change15%RemarkConfirmedCountryCN17JeunesseRevenue 2015419Revenue 20171,300Change210%RemarkConfirmedCountryUS18PolaRevenue 2015823Revenue 20171,220Change48%RemarkConfirmedCountryJP19Ambit EnergyRevenue 20151,400Revenue 20171,150Change-18%RemarkConfirmedCountryUS20BelcorpRevenue 20151,200Revenue 20171,140Change-5%RemarkConfirmedCountryPE21DXN GlobalRevenue 2015862Revenue 20171,100Change28%RemarkConfirmedCountryUS22USANARevenue 2015918Revenue 20171,050Change14%RemarkConfirmedCountryUS23Longrich – Jiangsu LongligiRevenue 20151,000Revenue 20171,000Change0%RemarkConfirmedCountryCN24Telecom Plus (Utility Warehouse)Revenue 20151,170Revenue 2017979Change-16%RemarkConfirmedCountryGB25Yanbal InternationalRevenue 2015747Revenue 2017971Change30%RemarkConfirmedCountryPE26IsagenixRevenue 2015890Revenue 2017958Change8%RemarkConfirmedCountryUS27WorldVenturesRevenue 2015693Revenue 2017850Change23%RemarkConfirmedCountryUS28Market AmericaRevenue 2015791Revenue 2017820Change4%RemarkConfirmedCountryUS29QuanjianRevenue 20152,800Revenue 2017786Change-72%RemarkConfirmedCountryCN30ACNRevenue
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Mannatech Q3 Sales Up 2% To $43 Million
by Ted Nuyten • • 0 Comments
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 third quarter of 2018.
Third quarter net sales for 2018 were $43.0 million, an increase of $1.0 million, or 2.4%, as compared to $42.0 million in the third quarter of 2017. For the three-month period ended September 30, 2018, our net sales increased 2.9% on a constant dollar basis (see Non-GAAP Financial Measures, below) as compared to the same period in 2017, while unfavorable foreign exchange caused a $0.2 million decrease in GAAP net sales as compared to the same period in 2017.
Income from operations was $1.7 million for the third quarter 2018, as compared to income of $0.7 million in the same period in 2017. Due to taxes, our net loss was $1.7 million, or $0.69 per diluted share, for the third quarter 2018, as compared to net income of $1.4 million, or $0.50 per diluted share, for the third quarter 2017.
For the three months ended September 30, 2018, the Company’s effective tax rate was 167.8% as compared to (58.5)% for the same period in 2017. The effective tax rate for the three months ended September 30,