What inspired Rentuu? I worked in tech for the last five years and I’ve successfully managed and launched operations working under large corporations. The idea of an online rental service was sparked when I was working with booking and events platforms. Particularly when I worked in hospitality, I realised that a lot of places needed
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Tag Archive for Revenue
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LifeVantage Q4 Sales Up 6.7% To $54.0 Million
by Ted Nuyten • • 0 Comments
LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its fourth quarter and full fiscal year ended June 30, 2018.
Fourth Quarter Fiscal 2018 Highlights:
Revenue increased 6.7% to $54.0 million year over year and 6.9% sequentially;
Revenue in the Americas increased 4.7% year over year and 6.6% sequentially. Revenue in Asia/Pacific & Europe increased 13.3% year over year and 7.8% sequentially;
Active independent distributors were consistent with the third quarter of 2018 and active customers increased 5.5% sequentially;
Adjusted EBITDA increased 58.8% year over year to $5.2 million;
Earnings per diluted share were $0.21, up from $0.01 in the prior year period; and
Adjusted earnings per diluted share were $0.20, up from $0.04 in the prior year period.
* All year over year growth rates compare the fourth quarter of fiscal 2018 to the fourth quarter of fiscal 2017. All sequential growth rates compare the fourth quarter of fiscal 2018 to the third quarter of fiscal 2018.
Fiscal Year 2018 Highlights:
Revenue increased 1.9% to $203.2 million;
Revenue in the Americas increased 0.5% and revenue in Asia/Pacific & Europe increased 6.1%;
Active independent distributors decreased 1.6% and active customers increased 3.6%;
Adjusted EBITDA increased 13.9% to $14.9 million;
Earnings per diluted share were $0.41, compared to $0.11 in fiscal 2017; and
Adjusted earnings per diluted share were $0.51, compared to $0.27 in fiscal 2017.
*All growth rates compare fiscal 2018 to fiscal 2017.
”We are very pleased to finish fiscal 2018 on a strong note, exceeding our
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Kannaway Announce July 2018 As The Largest Sales Month
by Ted Nuyten • • 0 Comments
Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that the company and its subsidiaries Kannaway®, HempMeds® Mexico, Phyto Animal Health and Dixie Botanicals® have booked the largest-ever (unaudited) sales month in their history in July of 2018, as well as reached major milestones in business operations.
“We are excited to announce July of 2018 was the largest sales month in the history of our company,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We hope to further expand our operations in August and continue to reach milestones as an industry leader in the cannabis marketplace.”
Medical Marijuana, Inc. and its subsidiaries experienced many accomplishments in July 2018, including the release of a new cannabidiol (CBD) vape cartridge, the first of its kind for the company, to be distributed through subsidiary Dixie Botanicals®.
The company also announced the release of a THC-free CBD hemp oil for pets called Dante’s Pure Hemp Oil through the company’s subsidiary Kannaway®.
“Achieving consecutive record-breaking months for over half the year is an exciting accomplishment for Medical Marijuana, Inc. and its subsidiaries,”
said Medical Marijuana, Inc. COO Blake Schroeder. “This month was a milestone for the company with the release of two new products
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Avon Products Q2 Sales Down 3% To $1.3 Billion
by Ted Nuyten • • 0 Comments
Avon Products, Inc. (NYSE: AVP) today announced its results for the quarter ended June 30, 2018.
Jan Zijderveld, Avon CEO said,
“Entering my seventh month at Avon, I am encouraged by improved revenue growth in 3 of our top 5 markets and the promising trends we are seeing across the majority of the rest of our business.
This is underpinned by our improving service quality and operational efficiencies, and in turn reflected in our higher operating margin.
However, we are not yet satisfied with the overall operating results of the quarter.”
Mr. Zijderveld continued,
“The senior leadership team and I continue to focus on immediate corrective priorities, while also finalizing plans for Avon’s long-term success. We are prioritizing achieving profitable, sustainable topline growth by focusing on our Representative experience and satisfaction through enhanced training for 500,000 Representatives in the second half, as well as new sales incentives programs, better service and improved forecasting.
We are becoming more agile, halving the time to bring on-trend products to market with over 200 expected to launch in the second half. We will support our second half global launches with an additional $30 million of advertising and marketing spend.
And, finally, we are placing digital at the center of all actions
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Nu Skin Q2 Sales Up 28% To $704 Million
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Nu Skin Enterprises, Inc. (NYSE: NUS) today announced strong second-quarter financial results with revenue of $704.2 million, up 28 percent over the prior-year period, and earnings per share of $0.90, a 17 percent increase over the prior-year period.
Quarterly earnings were negatively impacted by a foreign currency translation loss of $0.13 and a $0.05 purchase accounting charge.
“We continue to successfully execute on our customer growth strategy centered on engaging platforms, enabling products and empowering programs, which led to accelerated growth,”
said Ritch Wood, chief executive officer.
“Our customers grew by 8 percent and sales leaders grew by 21 percent, and we saw healthy revenue generation throughout the business, highlighted by double-digit increases in Mainland China, Southeast Asia and the Americas and Pacific.
We are also pleased with the solid performance of our acquired businesses, which we anticipate will show increased benefits in our future results.”
“Based on our strong first-half results, with double-digit growth in both the first and second quarters, we now see revenue growth of approximately 15 to 17 percent for the year,”
said Wood.
“We will continue to invest in social selling capabilities, product innovation and the ongoing rollout of our Velocity sales compensation program. We expect these initiatives, coupled with the
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Herbalife Q2 Sales Up 12 % To $1.3 Billion
by Ted Nuyten • • 0 Comments
Herbalife Nutrition Ltd. (NYSE: HLF) reported financial results for the second quarter ended June 30, 2018:
Reported net sales of $1.3 billion increased 12% compared to second quarter 2017.
Local currency net sales growth in all six regions.
Volume points of 1.5 billion, the highest amount to be recorded in a quarter in Company history,
increased 12% compared to the prior year period, above the guidance range of 4.0%– 8.0%.
Reported diluted EPS of $0.62 and adjusted earnings of $0.80 per adjusted diluted share, compared to $0.81 and $0.76, respectively, for the second quarter last year.
Raising FY 2018 volume point guidance range to 6.0% – 9.0% growth, as well as updating reported and adjusted diluted EPS guidance to $1.95 – $2.15 and $2.60 – $2.80, respectively.
Our top-line growth rate accelerated in the second quarter reflecting the strength of our business model to provide solutions to many of today’s global nutrition and wellness megatrends.
says Rich Goudis, CEO of Herbalife Nutrition.
About Herbalife
Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. The Company has been on a mission for nutrition – changing people’s lives with great nutrition products & programs – since 1980. Together with our Herbalife Nutrition independent distributors,
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PURE Continues To Experience Global Growth And Record-Setting Rank Advancements
by Ted Nuyten • • 0 Comments
PURE: People United Reaching Everyone announced today that the Company continues to experience record-setting rank advancements.
PURE has seen incredible momentum in 2018. The Company has had a record-setting year as evidenced by the ranking of 2 Independent Business Owners (IBOs) to the prestigious level of Black Diamond Ambassador.
Both of the Company’s Ambassadors are new to the industry, thus validating the demand of the Company’s amazing products and compensation plan.
“We believe, and it is being reflected in the rank advancements, that individuals who are willing to put in the effort and work hard in building relationships, have the ability to reach our top ranks in the Company and be rewarded for doing so,”
said PURE CEO, Daren Hogge.
“I’d like to congratulate IBOs Whitney and Jason Johns and Lindsay and Josh Scheel for reaching Black Diamond Ambassador this year,”
said Sam Crossley, Director of Sales.
“Working with such quality leaders makes my job enjoyable and rewarding.”
As PURE prepares to celebrate their 10-year anniversary this August, the Company is ecstatic that 2018 is turning into one of their best years in history. Overall, PURE has seen over 1,600 rank advancements year-to-date.
“Statistics and history show that many companies don’t stay in business 10 years and
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B-Epic Forecast $40 Million In Sales
by Ted Nuyten • • 0 Comments
B-Epic, is a multilevel marketing company offering an one of a kind, first to market dietary supplement formulated to boost the quality of people’s health and well-being through enhanced supplementation.
The products are based on cutting-edge research of the most powerful, proven extracts from around the world. To ensure maximum quality, we source the purest, whole food ingredients and utilize modern extract technologies.
The uniqueness of B-Epic stems from the new technology that allows it to service its Independent Business Owners, worldwide on a cloud based platform.
This allows the company to pay out more commissions and a fantastic car bonus, which is being awarded to over 300 representatives each month already.
And it allows people from any country, and currently B-Epic ships to 190 countries, to join and build a business no matter where they live.
Because of this system, last year, which was the companies first year in business, B-Epic did over 7 million in sales and this year, they are on track to do 40 million in sales.
Because of its simplicity of a two product company, B-Epic , is based around its focus on wellness by introducing supplements for energy, that include powerful mushrooms, minerals and half your daily requirements of fruits
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USANA Q2 Sales Up 17% To $301 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal second quarter ended June 30, 2018.
Record second quarter net sales of $301.5 million, an increase of 17.3% year-over-year
Second quarter diluted earnings per share increased 46.2% year-over-year to $1.36 per share
Financial Performance
For the second quarter of 2018, net sales were $301.5 million, compared with $257.1 million in the prior-year period, a 17.3% increase year-over-year. Favorable currency exchange rates positively impacted net sales by $12.5 million for the quarter as compared to the prior-year.
Celavive, the Company’s new skincare line, contributed approximately $7 million in incremental sales for the quarter. In markets where Celavive has launched, skin and personal care products accounted for 9.5% of overall sales in the second quarter of 2018, versus 5.7% a year ago. The Company’s total number of active Customers increased 5.3% year-over-year to 597,000.
Net earnings for the second quarter increased 45.8% to $33.9 million, compared with net earnings of $23.3 million reported in the prior-year period. Earnings per diluted share increased to $1.36 per diluted share, an increase of 46.2% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales and lower relative operating expenses compared to the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the second
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ARIIX Experiences Record Q1 And Q2 Growth Over Previous Year
by Ted Nuyten • • 0 Comments
ARIIX, an international opportunity company that promotes healthy, toxin-free living announces 41% revenue growth compared to the previous year for the first half of 2018.
Additionally, ARIIX generated more revenue in the first two quarters of 2018 than compared to the annual revenues of its first five years in business.
“What’s exciting is that in just under three years, we have essentially doubled our business,”
says Mark Wilson, ARIIX President and Founder.
“At this rate, in three more years our revenue will double again and then in seven years, or possibly less, we could be five times larger than we are now!
“We will be achieving our goal of becoming a billion-dollar company.”
The company’s revenue is outpacing internal estimates for its year-end goal, with the revenue of several weeks in the first and second quarters exceeding $5 million.
“This is the highest grossing first half of the year we have ever experienced,”
says Scott Schwendiman, ARIIX Vice President of Finance.
“Our growth is trending upwards at a steady and consistent rate, and we’re forecasting to exceed our year-end goal.”
The growth at ARIIX not only exists in a side-by-side analysis, but from quarter to quarter as well. From the last quarter of 2017 to the first quarter