Herbalife, a global multi-level marketing corporation selling dietary supplements, recorded $283.7 million in net sales in Vietnam in 2024, a 1.7% uptick year-on-year, according to the firm’s report.
The fluctuations of the foreign exchange rate in Vietnam led to an unfavorable impact of $14.4 million on net sales last year. In local currency, the increase in net sales was 6.8% year-on-year, Herbalife added.
The higher net sales were recorded despite a 3.5% price increase starting March 2024, following a 3% rise in March 2023, Herbalife said. With the performance, Vietnam was among the biggest Asia-Pacific markets for Herbalife. India was the largest with $844.8 million, followed by China with $297.6 million.
Globally, in 2024, Herbalife recorded net sales of $5.06 billion.
Herbalife products distributed in Vietnam are produced by Herbalife Innovation & Manufacturing (HIM) Lake Forest and Winston-Salem, both based in the U.S. In Vietnam. Herbalife Vietnam SMLLC was established in 2009 and operates as a multi-level marketing business, with its headquarters in Ho Chi Minh City.
Vietnam is the 71st market where Herbalife has launched operations globally. By earnings, Herbalife is the largest multi-level marketing company in Vietnam.
According to the Ministry of Industry and Trade, Vietnam now has 19 licensed multi-level marketing businesses with
Tag Archive for sales 2024
Hot Business News Today
doTERRA 2024 Revenue Surpassed $2 Billion
by Team Business For Home • • 0 Comments
doTERRA’s CEO says the global essential oils giant is net debt-free and expanding into new markets.
doTERRA surpassed $2 billion in annual sales while serving more than 10 million customers worldwide, CEO Kirk Jowers announced during the company’s Jumpstart 2025 event. The virtual event, which took place on Jan. 8, unites thousands of entrepreneurs to gain the latest information on doTERRA and everything the brand has to offer this year.
doTERRA’s Global Reach
The company, founded in 2008 and headquartered in Pleasant Grove, Utah, USA says its success stems from its sourcing model. doTERRA partners with local growers across 45 countries through its Co-Impact Sourcing program, which launched in 2016. The initiative created 122,095 jobs by 2018.
And then there is doTERRA’s direct selling approach, which connects over 3 million distributors, called Wellness Advocates, with customers worldwide. Wellness Advocates provide personalized education about essential oils while building their own businesses.
“This isn’t just a business; it’s a movement. One built on a foundation of wellness, service, and genuine care for others,”
Jowers emphasized during his Jumpstart 2025 address.
Financial Strength and Market Position
The company maintains strong financial health, operating net debt-free while expanding steadily across global markets. doTERRA has distributed essential oils to customers in over
Hot Business News Today
Amway Revenue Down 3% To $7.4 Billion
by Team Business For Home • • 0 Comments
Strength in nutrition, innovation, and strategic investments position global leader for a bright future
Amway, the world’s largest direct selling company, today reported sales of $7.4 billion USD for the year ending December 31, 2024. While this reflects a 3% decline from the previous year due to the strength of the US dollar, the company saw positive momentum in key areas that affirmed its focus on health and wellbeing. It also made significant operational advancements and leadership transitions to fuel long-term growth.
Michael Nelson, who assumed responsibility as CEO in September 2024 said:
“Our dedication to the success of Amway Business Owners (ABOs) and their customers around the world drives everything we do. This past year was one of strategic investments, emphasis on timely innovations, and an unwavering commitment to our timeless values – all aimed at helping ABOs grow their businesses.”
Nelson brings more than 30 years of experience with Amway to the CEO role, along with deep industry knowledge and a clear vision for the company’s next era of growth. His leadership transition marked a new chapter focused on building from Amway’s legacy and longstanding strengths while evolving to meet the needs of business owners and customers today.
Health and wellbeing gains momentum
Among
Hot Business News Today
Greenway Global Revenue 2024 Up +30% To $400 Million
by Team Business For Home • • 0 Comments
Greenway Global is pursuing a strategy of international development and growth.
Greenway started business almost 8 years ago and through all these years, the company has been actively developing, showing impressive, often record-breaking, results in the MLM industry. The company openly talks about its successes, thus in less than 8 years Greenway Global has had extraordinary massive growth.
Today the company is represented in 63 countries, and throughout the time of its existence, more than 4 million partners have been registered. The range counts more than 1,000 green products. The company’s retail outlets include almost 350 stores and delivery points open to Greenway’s partners and clients.
The success and sustainability of Greenway Global are rooted in the original mission of the company, which sounds as “Ecology cubed” which means honest principles of work with the product, business and relationships with partners and clients.
Greenway Global does not participate in dubious financial schemes, does not promise partners unreasonable benefits. Greenway Global always fulfills its obligations towards both partners and counterparties.
Today the company is focusing on global expansion and has already grown internationally by more than 50%. The company now has a stable position in Europe, continuing to show growth: just to mention a few:
24% growth
Hot Business News Today
Mannatech Reports Revenue Of $31.7 Million For Q3 – 2024
by Team Business For Home • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), (“Mannatech” or “Company”), global health and wellness company committed to transforming lives to make a better world, today announced financial results for its third quarter of 2024.
Landen Fredrick, President and CEO, noted that,
“Although the third quarter of 2024 provided our highest revenue quarter in 2024, we continued to battle demand weakness in the third quarter across our global operations, with the most significant impact in the Asia/Pacific region due to ongoing economic challenges.
Despite anticipating continued economic difficulties for the rest of 2024, we are committed to increasing our revenue by growing our team of sales associates and expanding our base of preferred customers, all while keeping costs under strict cost controls.”
Third Quarter Highlights
Net sales for the quarter ended September 30, 2024 were $31.7 million, as compared to $32.6 million for the same period in 2023, a decrease of $0.9 million, or 2.5%. On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased $0.4 million, or 1.2%, and unfavorable foreign exchange caused a $0.5 million decrease in GAAP net sales as compared to the same period in 2023. The decline in revenues was principally due to slowing demand in Asia due to weakened economic conditions,
Hot Business News Today
Primerica Q1 Revenue 2024 Up 8% To $742.8 Million
by Team Business For Home • • 0 Comments
Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended March 31, 2024. Total revenues of $742.8 million increased 8% compared to the first quarter of 2023. Net income of $137.9 million increased 8%, while earnings per diluted share of $3.93 increased 14% compared to the prior year period.
Adjusted operating revenues of $741.7 million increased 7% compared to the first quarter of 2023. Adjusted net operating income of $137.0 million increased 4%, while adjusted operating earnings per diluted share of $3.91 increased 10% compared to the prior year period.
Financial results during the first quarter of 2024 reflected the stability of the Company’s large in-force block of term life insurance, higher investment products sales, appreciation of client asset values, and the impact of higher interest rates on net investment income. Results were partly offset by weakness in the Senior Health business, which reported a loss of $14 million. Distribution results demonstrated sustained momentum in recruiting and the Company’s continued success in licensing new representatives.
“Our financial results reflect the fundamental strength in our core Term Life and ISP segments and the predictability of our model, particularly during uncertain times,”
said Glenn Williams, Chief Executive Officer of Primerica, inc.
“We started 2024