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Financial
Natura &Co announced its financial results for the third quarter of 2023, reporting consolidated net revenue of $1.54 billion, a 0.7% decline from the previous year’s quarter. Natura Latam, which saw a 18.6% improvement in constant currency, as well as a stable trend at Avon International, was offset by a challenging quarter for The Body Shop, which saw a 13.2% decline in constant currency.
LifeVantage Corporation announced its financial results for the fiscal first quarter of 2024, ending September 30, 2023. Included in the report was revenue of $51.4 million, a 0.8% decrease from the same period in the prior year. Total active accounts dipped by 10.5% year-over-year, reflecting a 7.5% decline in the Americas and a 17.0% decline in Asia/Pacific & Europe.
Nature’s Sunshine Products, Inc. reported a 6% increase in Q3 2023 net sales compared to the same period in 2022, reaching $111.2 million. Operating income during the quarter increased to $5.8 million, or 5.2% of net sales, up from $5 million in the same period last year.
Coway Co., Ltd. released its third quarter 2023 financial results, reporting third quarter operating profit of $148.9 million, an 18.3% year-over-year increase, and third quarter revenue of $768 million, a 3.9% increase from the same period last year.
Mannatech, Incorporated announced its third quarter 2023 financial results, reporting net sales of $32.6 million, an 8.3% decrease from $35.5 million in the same quarter last year.
Medifast, the parent company for direct selling organization OPTAVIA, released its financial results for the third quarter of 2023, reporting revenue of $235.9 million, a 39.6% decrease from the third quarter of 2022. Since the third quarter of 2022, the total number of active earning OPTAVIA coaches declined by 28.9% to 47,100, which the company views as the primary catalyst for recent revenue reduction.
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