Anup Debnath, a 51-year-old QNET customer, set a Guinness World Record as the oldest person to perform continuous back handsprings, completing 20 continuous back handsprings. Debnath credits his commitment to fitness and strength supported by QNET’s wellness products as the driver behind his extraordinary physical goals and performance.
USANA Health Sciences, Inc. received the award for the Manufacturer of the Year by the Utah Manufacturers Association in the “mega-sized (500+ employees) companies” category. This is the third consecutive year that USANA has been recognized with this honor.
Investview, parent company of network marketing organization iGenius, announced the acquisition of Renu Laboratories, Inc. (Renu Labs), a developer focusing on skin, body, hair, nutritional supplement and personal care products. Investview will integrate Renu Labs into its direct-to-consumer delivery model under a newly formed myLife Wellness business.
As Cutco celebrates its 75th birthday, its “Forever Guarantee” seems to speak as much to the company’s products as it does to Cutco’s place in the industry and its hometown.
Direct selling University’s Fall Event (DSU) was a landmark gathering for the direct selling industry. Hundreds of executives from over 120 different direct selling companies attended, and the event was a remarkable showcase of cutting-edge insights, invaluable networking opportunities and actionable strategies.
Natura &Co announced its third quarter financial results for 2024. Consolidated net revenue reached $1.04 billion during the quarter, fueled by strong performances by both Natura and Avon in Brazil. Recurring EBITDA was $150 million, up 52% year-over-year with a 14.6% margin, which the company described as “another quarter of solid profitability expansion.”
Nature’s Sunshine announced its third quarter financial results for 2024. Net sales for the quarter were up 3% to $114.6 million, and adjusted EBITDA was $10.7 million, a 5% increase from $10.3 million in the same period last year.
Nu Skin announced its third quarter financial results for 2024. Revenue during the quarter was $430.1 million, down from $498.8 million in the same period of 2023. Gross margin was 76.5%, compared to 76.8% in Q3 2023.
eXp Realty announced its third quarter financial results for 2024. Third quarter revenue grew by 2% to $1.2 billion, driven by increased home sales prices and agent productivity. Third quarter adjusted EBITDA was $23.9 million, a 15% increase from the same period of 2023, which the company attributes to improved business efficiencies, reduced costs and higher revenues and gross profit.
Coway announced its third quarter financial results for 2024. Third quarter revenue reached $788 million with an operating profit of $148 million. Year-to-date revenue for 2024 now totals $2.28 billion, a 7.5% year-over-year gain, with an operating profit of $438 million.
The Vorwerk Group announced its acquisition of The Mix. Previously not part of the Vorwerk Group, The Mix has served as the largest independent Thermomix distributor in Australia and New Zealand and is the largest direct sales company in Australia by revenue.
In honor of its late founder Bianca Lisonbee, the Foundation 4Life hosted its second annual Be Like Bianca Day of Service. 4Life employees assembled 4,000 literacy and math kits for first graders in the Granite School District that will provide an at-home tool for parents and students to engage their education in a fun way.
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