Financial News
EDC Q3 2018 Revenue Up 4%; Usborne Books Up 2.3%
Educational Development Corporation (NASDAQ: EDUC) recently announced record net sales of $40.4 million for the third quarter ended November 30, 2018. CEO Randall White announced that for the fiscal third quarter ended November 30, 2018, the company had net revenues of $40,482,600, an increase of $1,572,700, or 4.0 percent, when compared to $38,909,900 for the…
Read MoreKannaway’s Parent Company Reports Largest Revenue Month in Company History
Medical Marijuana, Inc. (OTC: MJNA), the first publicly traded cannabis company in the U.S., announced November as the largest-ever (unaudited) sales month in its history. Subsidiaries Kannaway® and Phyto Animal Health have also booked their largest-ever (unaudited) sales month in their history in November of 2018. The company has also reached major milestones in its business operations. “We are proud to announce…
Read MoreGrowth of Digital Payment Market Being Driven by Millennials
Millennials, who currently account for approximately 27 percent of the global population, are driving the growth of the digital payment market. According to FinancialBuzz.com, a financial news portal, payments by cash are slowly fading as the emergence of digital, or cashless payment options, are quickly being adopted by consumers. Technology is heavily integrated into the…
Read MoreNew Age Beverages Merges with Morinda
Colorado-based New Age Beverages Corporation (NASDAQ: NBEV) announced the signing of a definitive agreement to acquire lifestyles and beverage company Morinda Holdings, Inc based in Utah. Consideration for the transaction will be $85 million, comprised of $75 million in cash and $10 million in New Age restricted stock based on the 40-day volume-weighted average price from closing. The cash consideration for the…
Read MoreTelecom Plus Half-Year Revenue Up 4%
Telecom Plus PLC (trading as the Utility Warehouse) announced its half-year results for the six months ended 30 September 2018. Revenue was £311 million, up 4 percent from £299 million in 2017. The number of Members and services for the period increased by 10,479 and 86,372, compared to 5,265 and 36,348 in 2017 respectively. According…
Read MoreYoungevity Q3 2018 Revenue Down 12%
Youngevity International, Inc. (NASDAQ: YGYI) reported financial results for the third quarter and nine months ended September 30, 2018. Revenues decreased 12.0 percent to $39,082,000 as compared to $44,395,000 for the three months ended September 30, 2017. The company derived approximately 88 percent of its revenue from direct selling sales and approximately 12 percent from commercial coffee…
Read MoreYoung Living Products Now Available in China
Young Living Essential Oils recently celebrated its official expansion into China. To celebrate the availability of its products there, the company held a ribbon-cutting ceremony at the new Young Living Guangzhou Experience Centre in Guangzhou, China, on October 19. “Making our products available in China is a major step toward fulfilling Gary Young’s mission to…
Read MoreReliv Sales Down 8.25% for Q3 2018
Reliv International, Inc. (NASDAQ:RELV) recently reported its financial results for the third quarter of 2018. The company reported net sales of $8.3 million for the quarter compared with $9.1 million in the third quarter of 2017. Net sales in the United States decreased by $583,000, which represented an 8.2 percent decline in net sales when…
Read MoreNatura Q3 2018 Sales Up 37.1%
Natura & Co. recently reported another strong quarter of growth in 2018, with consolidated sales rising by 37.1 percent in Q3, reaching R$3.24 billion. On an adjusted basis, consolidated net revenue grew 16.6 percent in the third quarter of 2018, compared to the same period last year, with strong performance across all three businesses. In…
Read MoreNu Skin Revenue Up 20% in Q3 2018
Nu Skin Enterprises, Inc. (NYSE: NUS) announced third-quarter 2018 revenue of $675.3 million, an increase of 20 percent over the prior-year period. “We delivered strong year-over-year financial results with reported revenue growth in every region, highlighted by double-digit increases in Mainland China and Southeast Asia,” said Ritch Wood, chief executive officer. “This is our fourth consecutive quarter of revenue…
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