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Herbalife Ltd. Chairman and Chief Executive Officer Michael Johnson recently purchased 61,725 shares, acquired at an average price of $8.07 per share. The resulting purchase of almost $500,000 is viewed by the company as a vote of confidence in the company’s trajectory by its most senior leaders.
As part of its ongoing Turnaround Plan, Tupperware Brands has entered into a forbearance agreement with its lenders, a move that is expected to help the company secure more financial flexibility.
Nu Skin Enterprises Inc. announced its fourth quarter and full year 2023 financial results. Fourth quarter revenue for the company fell by 6% from the previous year’s quarter to $488.6 million.
Herbalife Ltd. released its financial report for the fourth quarter and full year 2023. Net sales during the fourth quarter reached $1.2 billion, a 2.9% increase from the previous year’s quarter, and net income of $10.2 million with an adjusted EBITDA of $108.8 million. Fourth quarter gross profit margin was 76.3%.
At a landmark celebration in Germany attended by more than 15,000 people and viewed online by more than 250,000, PM-International Chief Executive Officer Rolf Sorg announced that PM-International has reached the revenue milestone of $3 billion. With this new revenue benchmark, the company now has three decades of consecutive growth.
Coway Co., Ltd. announced its financial results for the fourth quarter and fiscal year 2023. Revenue during the fourth quarter of 2023 reached $754 million, down from $768 million in the previous quarter, but up 2.5% year over year. Operating profit during the quarter reached $124 million, up 1.5% year over year, but down from $148.9 million in the third quarter of 2023.
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