Nu Skin Enterprises, Inc. (NYSE: NUS) today announced first-quarter 2017 financial results.
“We are pleased to deliver strong first-quarter results, which demonstrates the progress we made executing on our strategic priorities to increase customer trial and acquisition,” said Ritch Wood, chief executive officer.
“Our quarterly results reflect solid growth in Mainland China, South Asia/Pacific and EMEA.
Our expanding social selling efforts and the continued rollout of ageLOC Me and ageLOC Youth contributed to our strong revenue during the quarter, positioning us to deliver solid performance for 2017.”
“Looking forward, we will continue to focus on accelerating growth, driving innovation throughout our business, and empowering our customers and sales leaders with the products, programs, and platforms they need to succeed in a rapidly-evolving marketplace,” said Wood.
“A key component of our strategy is capitalizing on our early social
Tag Archive for sales
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6 Tips to Make You Love (or at Least Tolerate) Cold Calling
by Gordon Tredgold • • 0 Comments
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USANA Q1 Sales Up 6.2% To $255 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal first quarter ended April 1, 2017.
Financial Performance
For the first quarter of 2017, net sales increased to $255.3 million, up 6.2%, compared with $240.4 million in the prior-year period.
A stronger U.S. dollar negatively affected net sales by $6.2 million for the quarter with $6.1 million of that change attributable to mainland China. On a constant currency basis, net sales increased by 8.8% for the first quarter of 2017. Net sales growth was driven primarily by an 8.1% increase in the number of active Customers.
Net earnings for the first quarter decreased by 4.2% to $21.4 million, compared with $22.3 million during the prior-year period. Higher operating expenses, primarily in SG&A expense, and a higher effective tax rate negatively impacted net earnings
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ForeverGreen – FgXpress Substantial Doubt To Continue As A Company
by Ted Nuyten • • 0 Comments
In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
Duane Bair:
Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history.
With an accumulated deficit of $42.7 million and less than $200,000 of cash on the balance sheet, the company is quickly careening toward complete insolvency.
This year (2017), the company has $1.7 million of debt coming due. Operating cash flow is negative, the balance sheet has $187,000, and the company has been unable to get financing through traditional lenders.
It should not come as a shock that management has finally disclosed that there is substantial doubt regarding their ability to continue as a going concern.
“Through a series of
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3 Traits Every Great Salesperson Needs
by Brian Tracy • • 0 Comments
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TruVision Health Sales Up 130% In Q1
by Ted Nuyten • • 0 Comments
TruVision Health opened its doors with the primary goal of providing affordable yet effective health products.
Since opening in 2014, the company has done just that by being devoted to principles of sampling effective products instead of selling large, expensive product packs.
Although the company expected a slow growth, expectations were surpassed when they quickly started to gain momentum.
Now approaching it’s third year anniversary this May, the company can truly say this philosophy not only created a powerful momentum but has sustained a solid growth.
This philosophy has proved to be much needed in the health and nutrition industry as TruVision Health’s sales reached an all-time high of $5 million last month.
This growth is substantial; the company’s first month sales were $68,000, in an industry that is riddled with stops and starts
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What It Takes to Score a Home Run in Sales
by Elizabeth Flock • • 0 Comments
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Youngevity Moves Up To Nr. 76 In 2016 Global Direct Sales 100
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYI), a leading omni-direct lifestyle company, was named the 76th largest direct selling company in the world for 2016 by top industry trade publication Direct Selling News.
The Direct Selling News Global 100 is an annual ranking that recognizes the most successful direct selling companies. Current estimates put the approximate number of direct selling companies worldwide at 10,000+.
Youngevity’s rank coincides with a record-setting revenue year for the company. The prior year in 2015, Youngevity ranked #78.
Youngevity and other DSN Global 100 companies were announced Wednesday night in Dallas.
“We are honored to be ranked within the Direct Selling News Global 100,” stated Steve Wallach, Co-Founder and CEO of Youngevity.
“2016 was a year that positioned us for scalable growth as we were hard at work establishing infrastructure, investing
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Jeunesse Receives DSN Bravo Growth Award For Two-Year Sales Growth
by Ted Nuyten • • 0 Comments
Global youth enhancement company Jeunesse was honored Wednesday night at the Direct Selling News Global 100 Celebration in Dallas with the Bravo Growth Award, recognizing its increase in annual sales by $1 billion over a two-year period — from approximately $400 million in 2014 to $1.4 billion in 2016.
The event honors the leading companies in the industry through DSN’s annual Global 100 list of the world’s largest direct selling companies.
After breaking into the top 20 in 2016, Jeunesse advanced to the No. 14 spot on the 2017 Direct Selling News Global 100 list.
Jeunesse has enjoyed extraordinary growth since its inception in 2009, with an average annual growth rate of 90%. In 2015, the company became the youngest direct seller to reach billion-dollar annual sales, and ranked No. 481 on the
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XANGO Celebrates Strong Leadership And Growth In South Africa
by Ted Nuyten • • 0 Comments
XANGO is a recognized leader in health and wellness products, and the first company to market the premium, internationally recognized mangosteen beverage, XANGO® Juice.
XANGO opened its doors 15 years ago, and has earned a Triple-A (AAA+) classification from Business for Home based on key figures such as revenue, momentum, poll results, alexa ratings, input from direct selling professionals, top earners and head office visits. XANGO has earned a place among the biggest names in network marketing with a legacy of stability, opportunity and achievement.
XANGO operates in 40 countries, attracting top leaders from various organizations around the world. They’ve introduced a dozen innovative health and wellness product lines to their flagship XANGO Juice and successfully navigated international markets and major industry evolutions.
The rising generation of leaders in XANGO South Africa are making