Tupperware Brands Corporation today announced first quarter 2018 operating results.
Rick Goings, Chairman and CEO, commented,
“Due to our soft result on the top-line, as well as a higher tax rate, adjusted earnings per share in the first quarter was 10-cents below the low-end of our January guidance range and 16% below the prior year in local currency. The impact to our annual cash flow from lower earnings is expected to be modest and more than offset by the sale of assets under our revitalization program.”
Goings continued,
“We were pleased in the quarter with good performances in China, Mexico, Malaysia/Singapore, South Africa, and the United States and Canada, even though we were disappointed overall. With the disruption from the closure of the supply chain facility in France behind us, we remain confident in our global growth strategy, especially the opportunity in emerging markets.
The Tupperware brand, management team and our 3.1 million sales force are each strong and are our most significant source of competitive advantage. With those assets in our arsenal, we will forge ahead with our strategy to adapt and evolve through our integrated use of digital tools, branded contact points and a relevant earning opportunity that empowers and cultivates confidence in women across the globe.
It is based on the confidence we have
Tag Archive for sales
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USANA Q1 Sales Up 14.4% To $292 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal first quarter ended March 31, 2018.
Financial Performance
For the first quarter of 2018, net sales were $292.0 million compared with $255.3 million in the prior-year period, or a 14.4% increase year-over-year.
Favorable currency exchange rates positively impacted net sales by $16.4 million for the quarter. Targeted product promotions offered by the Company during the quarter contributed approximately $11 million to net sales and the Company’s launch of its new skincare line, Celavive, also contributed approximately $9 million in incremental sales for the quarter.
The Company’s total number of active Customers increased 1.9% year-over-year to 585,000.
The Company reported net earnings for the first quarter of $28.9 million, compared with net earnings of $21.4 million reported in the prior-year period. Earnings per diluted share increased to $1.19 per diluted share, an increase of 38.4% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales, lower relative operating expenses and a lower effective tax rate of 34.2% compared to 36% during the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the first quarter of 2018 as compared to approximately $2.4 million, after tax, during the prior year period.
“We are off to a solid start to the year as
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Kannaway 2017 Sales Up 270% To $15.9 Million
by Ted Nuyten • • 0 Comments
Medical Marijuana, Inc. (OTC PINK: MJNA), the first-ever publicly traded cannabis company in the United States, today announced financial results for the quarter and year ending December 31, 2017 and provided an overview of recent operational highlights.
The Company continued to show strong growth throughout the year, as 2017 revenue increased to over $26.5 million, an increase of more than 230% over 2016. Quarterly revenue for Q4 2017 grew to more than $9.4 million, an increase of more than 250% over Q4 2016 and a sequential increase over Q3 2017 of 17%.
Additionally, Medical Marijuana, Inc. subsidiary Kannaway® experienced significant growth with 2017 revenue of $15.9 million, an increase of nearly 270% over 2016.
“2017 was a historic year for cannabis legalization across the United States and the world and Medical Marijuana Inc. is proud to be on the forefront of groundbreaking industry lines,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus.
“It is clear that the botanical and pharmaceutical side of cannabis is here to stay, which strengthens our belief in our long-term plans to continue to build shareholder value.”
Titus continued, “Medical Marijuana, Inc. and its subsidiaries experienced substantial growth in 2017, breaking record after record in sales achievements. Our leadership teams have expanded greatly including international growth in Europe, Brazil, and Mexico. We feel that we
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Rodan & Fields Reaches $1.5 Billion In Sales
by Ted Nuyten • • 0 Comments
The business is projecting double-digit growth for the next several years, according to CEO Diane Dietz.
The growth spurt of skin-care brand Rodan & Field continues. The company said it reached $1.5 billion in sales in 2017, up from $1.15 billion for 2016.
About Rodan + Fields
Rodan + Fields® Dermatologists is changing skin and changing lives by partnering with 130,000 Consultants across the United States to redefine the future of aging. Founded by world-renowned dermatologists Dr. Katie Rodan and Dr. Kathy Fields, the creators of Proactiv® Solution, Rodan + Fields’ patent-pending MACRO Exfoliator™ and AMP MD™ System make real results possible at home without injections or other invasive procedures.
Named the 2010 Rising Star by the Direct Selling Association (DSA) for its dedication to achieving a high standard of excellence in business operations, and awarded numerous awards for business campaigns and products, Rodan + Fields is the anti-aging company to watch.
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Immunotec Sales Topped $100 Million In 2017
by Ted Nuyten • • 0 Comments
Immunotec’s 21st year of operation was one of unprecedented growth and success which has been recognized by the direct selling industry by an industry magazine.
The company’s dynamic new leadership team, headed by CEO and experienced direct selling executive, Mauricio Domenzain, and network marketing professional, Meredith Berkich, President of Immunotec USA, were both interviewed for the article.
Also featured are Vice-President of Marketing, Mimi Cohen, and Chief Financial Officer, Patrick Montpetit.
Domenzain’s first focus was establishing a new culture centered around the simple idea of happiness.
“I know it can sound a little cheesy, but I truly believe that when people are happy they perform to the best of their ability.
I’m trying to share a culture of happiness and celebration, but with results driven by action.” The change in leadership has been inspirational for Immunotec’s field, many of whom have been working the business for anywhere from 10 to 20 years.
According to Berkich,
“Mauricio’s arrival was a breath of fresh air. All of a sudden it wasn’t just about the science, he brought a profoundly human element to the company that everybody is excited about”.
Immunotec, which came off a record-breaking year in 2016, rose to even greater heights in 2017 with double-digit growth that
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Nspire Projects $50 Million In Sales For 2018
by Ted Nuyten • • 0 Comments
Nspire has successfully overcome many of the typical challenges faced by new companies – back orders, system failures, leaders leaving, etc.
However, in their first 10 months, Nspire has generated more than $5.1 million in sales. In 2018 Nspire has an aggressive goal of $50 million.
Nspire CEO Spencer Iverson stated:
“It is an uncommon occurrence for direct sales company’s products to get recognised by today’s “traditional” media, so when it does happen, it’s a victory for the entire direct sales community – not just the company being highlighted.”
Such has become the case with Nspire Network and it’s Cherish Premium Sanitary Napkins.
Nspire’s breakthrough awareness campaign, Now We No , 5K run/walk events, and “customer first” approach captured the attention of a Senior Editor with Essence magazine and the producers from the acclaimed television series Modern Living with Kathy Ireland who contacted the founders in November of 2017.
The show is distributed worldwide and is an informative, magazine-style program that features the hottest stories, trends and breakthroughs that will educate and motivate viewers. The show was genuinely impressed with Nspire’s line of health supplements and the Cherish line of products.
Cherish employs a multi-layer system of protection highlighted by the introduction of a negative ion strip that
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Arbonne Close To $600 Million In Sales For 2017
by Ted Nuyten • • 0 Comments
In a recent interview in Haute Living, CEO Kay Zanotti disclosed an annual revenue of close to $600 million. Recently Arbonne International was acquired by Groupe Rocher.
In 2010, you turned around the fortune of Arbonne International. What was your strategy?
“While we were preparing to go through the financial restructuring, I had the challenging task of building trust with our Arbonne independent sales force, who were acutely aware of the need for the bankruptcy.
We were able to get through the bankruptcy in 37 days, which helped build their belief back, as well as that of our 800 plus employees.
We then set about building our five-year strategy, which gave us the glide path to our sustainable business growth, which is now approximately a nearly $600 million-dollar business in seven countries.
Today, Arbonne has a sales force that is almost 100 percent female and management that is half female. How much time did it take you to build such a team and what does it mean for the business?
“Our sales force is primarily female, and we welcome the increasing number of men who are joining based on our more holistic wellness positioning. For both women and men, the Arbonne community represents freedom from the 8
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Reliv International Q4 Sales Down 8.5% To $9.9 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 fourth quarter and full year of 2017.
“While our results from operations improved in 2017 when compared to 2016, we remain focused on growing sales through new product and business development by providing additional tools and support with programs to attract new distributors and customers,” said Ryan A. Montgomery, President.
Fourth-Quarter Results
Reliv reported net sales of $9.9 million for the fourth quarter of 2017, compared with net sales of $10.6 million for the fourth quarter of 2016. U.S. net sales decreased by 8.5 percent for the quarter compared with the same quarter in 2016.
Net sales outside of the United States increased by 0.6 percent in the fourth quarter of 2017 compared to the prior-year quarter.
Full-Year Results
Reliv reported net sales of $41.8 million for 2017 compared with net sales of $45.5 million in 2016. U.S. net sales decreased to $32.5 million from $35.6 million, a decline of 8.8 percent.
Net sales in Reliv’s foreign markets for 2017 decreased 6.1 percent compared with net sales for 2016, with 3.4 percent of the decline due to the impact of foreign currency fluctuation as the result
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OneCoin $8 Billion In Combined Sales And Still In Business
by Ted Nuyten • • 0 Comments
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any opportunity.
In January 2018 the Bulgaria’s Special Prosecutor’s Office raided the head office of OneCoin and OneLife in Bulgaria and seized several computers. The company has done an estimated $8 Billion in revenue since the start.
According to the brother of Ruja Ignatova founder and CEO, Konstantin Ignatov who is now in charge of the daily operations, all equipment seized is giving back and no arrests were made. Both websites www.onecoin.eu and www.onelife.eu are operational.
Ruja Ignatova is well, however got death threats and therefore will not be seen in public.
The next communication OneCoin send to their members, most likely with the involvement of consultant Frank Ricketts:
“OneLife Office Raided and Computers Seized”
Those two words, “raided” and “seized,” they sure cause some goose bumps to occur and make you wonder what is going on and it is not on the positive side of life. Of course these words were used by websites like CoinDesk and CoinTelegraph, which are both biased websites and cannot be trusted as truthful since people pay them to post articles on their websites.
The haters continue to
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Amway 2017 Sales Up 3% to $8.6 Billion
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Amway has announced sales of $8.6 billion USD for the year ending Dec. 31, 2017.
The company achieved sales gain in several key markets, including South Korea, Thailand and India. Total sales in the second half of 2017 grew by 3 percent, compared to same period of the previous year, led by China and the United States. The company forecasts year-over-year sales growth in 2018.
“We have weathered a challenging period for our business in China that, combined with less than favorable exchange rates, have impacted our sales for a few years,”
Amway President Doug DeVos said.
“That downward trajectory has leveled off and now, with our China business rebounding faster than expected, we are forecasting sales growth in 2018.
Several factors further support the company’s 2018 forecast, including steady growth in bellwether markets like South Korea and Thailand, expanding investments in digital platforms and distributor tools, and new product launches that are exceeding expectations.”
The company’s significant investment in digital platforms is considered a key sales driver in 2018 and beyond.
“Technology is evolving at a rapid pace and we are evolving and investing right along with it,”
said Steve Van Andel, Amway’s Chairman of the Board.
“The next-generation entrepreneur wants to run his or her