Tag Archive for sales

Hot Business News Today

LR Health & Beauty Q2 Sales Up 2.6% To EUR 70.7 million

by  •  • 0 Comments

LR Health & Beauty SE, Europe’s leading digital social commerce company in the area of high-quality health and beauty products, today published its figures for the second quarter of 2024 and the first half of 2024.
In the second quarter of financial year 2024,

LR Health & Beauty SE managed to increase sales (revenue from goods sold) by 2.6% to EUR 70.7 million (Q2 2023*: EUR 68.9 million).
In the first half of the year, LR Health & Beauty SE thus generated sales of EUR 143.3 million (H1 2023*: EUR 140.9 million).
New product launches, such as the LR Health Mission and the LR Body Mission, contributed significantly to the positive sales performance during the period.
LR Health & Beauty SE generated a normalized EBITDA of EUR 14.4 million in the first six months of financial year 2024, compared to EUR 17.5 million in the same period of the previous year*.

The earnings performance was impacted by factors such as refinancing costs related to the early redemption of the old bond of LR Global Holding GmbH and the issuance of a New Bond by LR Health & Beauty SE, as well as negative currency effects. EBITDA reported amounted to EUR 11.7 million in the first half

Read more...

Hot Business News Today

Zinzino First Half Year Sales Up 20% To Euro 801,6 Million

by  •  • 0 Comments

Revenues in the second quarter of 2024 amounted to SEK 507.0 (407.9) million, corresponding to 24% (24%) growth compared to the corresponding period last year. EBITDA increased to SEK 63.0 (53.7) million, and the EBITDA margin amounted to 12.4% (13.2%).
During the quarter, Zinzino acquired the rights to Luxembourg-based Xelliss SA distributor database, inventory and IP assets, acquired 49% of the shares in the Cypriot olive oil producer Cleanthi Alpha-Olenic LTD and signed a letter of intent to acquire the US direct sales company Zurvita INC. In addition, the launch of Serbia was announced as the next step in the global expansion.
APRIL-JUNE
• Total revenue amounted to SEK 507.0 (407.9) million, corresponding to a growth of 24% (24%)
• Gross profit amounted to SEK 174.5 (148.5) million and the gross profit margin amounted to 34.4% (36.4%)
• EBITDA profit amounted to SEK 63.0 (53.7) million and the EBITDA margin amounted to 12.4% (13.2%)
• Cash flow from operating activities amounted to SEK 91.1 (46.3) million
JANUARY-JUNE
• Total revenue amounted to SEK 961.6 (801.6) million, corresponding to a growth of 20% (21%)
• Gross profit amounted to SEK 335.4 (279.2) million, and the gross profit margin amounted to 34.9% (34.8%)
• EBITDA profit amounted to SEK 114.7 (98.1) million,

Read more...

Hot Business News Today

LifeVantage Annual Revenue Down 6.2% To $200.2 Million

by  •  • 0 Comments

LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its fourth quarter and full fiscal year ended June 30, 2024.
Fourth Quarter Fiscal 2024 Summary*:

Revenue of $48.9 million, a decrease of 9.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 8.0%;
Revenue in the Americas decreased 4.1% and revenue in Asia/Pacific & Europe decreased 25.2%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe decreased 18.6%;
Net income per diluted share was $0.10, versus $0.15 per diluted share a year ago;
Adjusted earnings per diluted share were $0.14, compared to $0.17 a year ago; and
Adjusted EBITDA of $4.8 million was flat compared to a year ago.

*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2024 to the fourth quarter of fiscal 2023, unless otherwise noted.
Fiscal Year 2024 Summary**:

Revenue of $200.2 million, a decrease of 6.2%.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2024 revenue was down approximately 5.2%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 18.6%.
Excluding

Read more...

Hot Business News Today

Sven & Audrey Goebel Celebrate Milestone Of 40,000 Customer Subscriptions

by  •  • 0 Comments

In a remarkable achievement, the Zinzino organization of Sven & Audrey Goebel has reached 40,000 customer subscriptions, marking a significant milestone in their impressive journey. This accomplishment, reached within a mere two-year period, highlights the exponential growth and widespread acceptance of Zinzino’s science-based products.

This translate in about Euro 3+ Million in sales per month / Euro 36+ Million per year and counting.

Starting with:

5,000 subscriptions in July 2022, the team witnessed a rapid surge to
15,000 by July 2023. This momentum has only accelerated, culminating in an impressive,
40,000 subscriptions by July 2024.

This growth not only underscores the effectiveness and affordability of Zinzino’s products but also demonstrates their strong market acceptance.
A substantial 85% of these subscriptions are attributed to real customers outside the Zinzino network, with the remaining 15% subscribed by partners. This distribution underscores the broad appeal and trust Zinzino products have garnered among consumers.
Sven Goebel, Black Ambassador at Zinzino said:

“We are thrilled to have reached this incredible milestone. This achievement is a testament to the efficacy and value of Zinzino’s products, as well as the dedication and hard work of our entire team. We are committed to continuing this growth and reaching new heights.
While our organization is also

Read more...

Hot Business News Today

USA Q2 Revenue 2024 Down 11% To $ 213 Million

by  •  • 0 Comments

USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal second quarter ended June 29, 2024.
Key Financial & Operating Results

Second quarter net sales were $213 million versus $238 million during Q2 2023.
Second quarter diluted EPS was $0.54 as compared with $0.89 during Q2 2023.
Company updates fiscal year 2024 net sales and diluted EPS outlook to $850 million to $880 million and $2.40 to $2.55 (previously $850 million to $920 million and $2.40 to $3.00).

“Second quarter operating results were below our expectations,”

said Jim Brown, President and Chief Executive Officer.

“Ongoing macroeconomic pressures in several of our key markets continue to impact consumer spending. This in turn creates challenges in our ability to attract and engage new customers and generate sales momentum.
To counter these challenges, we have made several strategic changes in our business over the past few quarters, including (i) restructuring our commercial team, (ii) heightening our focus on product innovation, (iii) increasing our efforts to engage our sales leaders with an Associate-first approach, (iv) expanding into India, and (v) evaluating more business development activities.
“Next month, we will be hosting our Americas & Europe Convention in Las Vegas, Nevada along with other Associate engagement-focused events in the back half of the year. We are also planning to offer a more robust promotional calendar throughout the remainder of the year.”

Balance Sheet and Share Repurchase Activity
The Company generated $8 million in operating

Read more...

Hot Business News Today

RIMAN Ranked As Triple AAA+ Opportunity For 2024

by  •  • 0 Comments

RIMAN, a network marketing company founded in South Korea in 2018, is turning heads within the industry and opened the USA market in 2023.
RIMAN is committed to self-care products based on eastern practices of holistic well-being, emphasizing the importance of slowing down and honoring oneself. Their patented technology has innovatively combined this ancient Korean skincare tradition with rare, sustainably sourced ingredients from Jeju Island to create “a difference you’ll love.” Their best-selling K-Beauty skincare line is scientifically-backed and designed to cleanse, hydrate, and protect the skin for a natural, radiant glow.
Their 2023 financial year showed a modest yet promising revenue of $545 Million, a portion of which, a lucrative 35%, could have been paid out as commission. Interestingly, this matches the broader industry average – a promising sign for those entering network marketing. Yet, it’s important to approach this opportunity with a balanced perspective.
According to RIMAN:
Riman’s product lines Botalab and Lifening offer unprecedented results in personal care and nutrition with gut health and collagen products.

Since its establishment in 2018, RIMAN has generated over $2 billion in revenue through more than 400,000 Beauty Planners, sold over 30,000,000 units under 13 patents, and won over 28 awards.

Their products are a beautiful

Read more...

Hot Business News Today

Bravenly Global Reports $6 million In Monthly Sales

by  •  • 0 Comments

Bravenly Global Achieves Record Sales, Strong Growth in 2024
Bravenly Global, a USA-based healthy lifestyle company, reports exceptional growth for the first half of 2024, with the company setting new sales records each month, including over $6 million in monthly sales for May.

Bravenly Global has reported remarkable growth in monthly sales through 2024: from achieving over $1,000,000 in sales in its first year (2021)
to $9,000,000 in year 2022,
to $19,000,000 in 2023, and Bravenly’s sales in the first half of 2024 have continued to soar.

In March 2024, monthly sales totaled $2,300,000.  In April 2024, sales increased by almost +40% month-over-month to over $3,200,000.  In May 2024, sales grew again by another +87% month-over-month, for a record-breaking $6,000,000 in sales for the month.
Notably, over 84% of new business was from customer purchases, indicating robust customer retention and satisfaction.
Over 3,000 new rank advancements were also achieved over the months of April and May, including the very highest ranks: multiple new Executive Vice Presidents (EVPs), Silver EVPs and Gold EVPs. Bravenly continues to pay out 55% to 59% total true payout each month; a percentage based not on “points” or “volumes” (CV, BV, etc.), but on the dollar.
Bravenly Global Income Disclosure Statement (2023)
The company’s

Read more...

Hot Business News Today

Beachbody Q1 Revenue 2024 Down 17% To $120 Milion

by  •  • 0 Comments

The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading subscription health and fitness company, today announced financial results for its first quarter ended March 31, 2024.

“We are pleased with our performance in the first quarter, beating the midpoint of our revenue and adjusted EBITDA guidance, all while delivering against our strategic initiatives. Most notably, we are excited to announce that we have achieved our first positive free cash flow quarter since 2020,”

said Carl Daikeler, BODi’s Co-Founder and Chief Executive Officer. “

We have had an excellent start to 2024 and for the remainder of the year, we will continue to deliver against the objectives in our turnaround plan.”

First Quarter 2024 Results

Total revenue was $120.0 million compared to $144.9 million in the prior year period.
Digital revenue was $61.5 million compared to $64.8 million in the prior year period and digital subscriptions totaled 1.22 million in the first quarter.
Nutrition and Other revenue was $55.5 million compared to $74.1 million in the prior year period and nutritional subscriptions totaled 0.15 million in the first quarter.
Connected Fitness revenue was $3.0 million compared to $6.0 million in the prior year period and approximately 3,500 bikes were delivered in the first quarter.
Total operating

Read more...

Hot Business News Today

Bravenly Global Continues Record Of Strong Growth In 2024

by  •  • 0 Comments

160% Month-Over-Month Growth January-March 2024, Added to Stellar Annual Growth of 230% in 2023, and 700% in 2022.
Bravenly Global has grown exponentially over the past 24 months, with a 700% increase to $8 Million in sales in 2022, topped by another 230% growth to $19 Million in sales in 2023. Additionally, in the first quarter of 2024, Bravenly has been growing month-over-month; in just 60 days, Bravenly grew another +160% to over $2.3 Million in monthly sales in March 2024.
The company continues a healthy 80% Customer-to-Distributor ratio, with strong customer re-order rates of its results-driven, “crave-able” products.
New Products, Onboarding Tools Launched
At the Bravenly National Conference in Orlando, FL in February, the company launched Bravenly Fit Fuel™ (“Meet Your New B.F.F.”), a multi-beneficial, all-in-one protein, collagen, colostrum shake with 50+ fermented fruits/vegetables, weight-loss botanicals, gut-health nutrients, 100% RDA of 12 vitamins and minerals and just 100 calories — adding to its impressive showcase of “crave-able” healthy lifestyle products.

The company’s product line is now a total of 32 products and bundles, plus 4 additional seasonal favorites.
In March, Bravenly also launched Bravenly H.O.M.E. (Help, Onboarding, Momentum, Education), the online portal with all the training and social marketing tools to help Brand Partners launch and grow their businesses, step-by-step, simply

Read more...