Financial News
Direct Sellers Make Utah Business Magazine’s Fast 50
Three direct selling companies—ARIIX, USANA and Xyngular—were recognized Friday during a celebration of Utah Business Magazine’s Fast 50 list, an annual ranking that acknowledges companies for their entrepreneurial spirit, innovative business tactics and skyrocketing revenue growth. ARIIX, the Bountiful, Utah-based international wellness company, came in at No. 11 on the list. The company recently announced it is opening…
Read MoreLifeVantage Reports Q4 Revenue Up 6.7%; Full Year, 1.9%
Sandy, Utah-based LifeVantage Corporation reported financial results for its fourth quarter and full fiscal year ended June 30, 2018. For the fourth fiscal quarter ended June 30, 2018, the company reported revenue of $54.0 million, an increase of 6.7 percent as compared to $50.6 million in the fourth quarter of fiscal 2017. Revenue in the Americas for the fourth quarter increased 4.7…
Read MoreLori Bush Appointed New Avon Chairwoman of the Board of Managers
New York City-based New Avon LLC recently announced that Lori Bush has been appointed chairwoman of the company’s Board of Managers, effective immediately. She succeeds Jack Stahl, who has served as chairman since June 2016. “The Board of Managers and I look forward to working with Lori in this expanded capacity and are confident that…
Read MoreReliv Q2 Net Sales Down 15%
Chesterfield, Mo.-based Reliv International, Inc. recently reported its financial results for the second quarter of 2018. Net sales for the quarter were $8.5 million, compared with net sales of $10.0 million in the second quarter of 2017. Net sales in the United States decreased to $6.3 million in the second quarter of 2018, which represented…
Read MoreYoungevity Reports Q2 Revenue Up 6.6%
Chula Vista, Calif.-based Youngevity International, a leading omni-direct lifestyle company, recently reported financial results for the second quarter ended June 30, 2018. Total revenues increased 6.6 percent to $44.3 million. “We are encouraged to see our revenue and adjusted EBITDA bounce back from the levels achieved last year,” said Steve Wallach, CEO and co-founder of Youngevity. “A 6.6 percent revenue…
Read MoreNatura Reports Strong Q2 Growth in All Brands
Sao Paolo, Brazil-based Natura & Co, the Brazilian beauty and cosmetics giant, recently reported results from the second quarter ended June 30, 2018. Revenue was up 13.6 percent to R$3.1 million from R$2.729 million in 2017. Revenue growth was up in every brand: Natura, up 9.8 percent; The Body Shop, up 14.8 percent; and Aesop…
Read MorePrimerica, Inc. Reports 13% Increase in Q2
Duluth, Ga.-based Primerica, Inc. recently announced financial results for the quarter ended June 30, 2018. Total revenues and adjusted operating revenues each increased 13 percent to $467.8 million and $466.9 million, respectively. “We achieved 43 percent growth in EPS year-over-year and 24.5 percent ROE in the second quarter, reflecting solid performance, ongoing share repurchases and…
Read MoreNature’s Sunshine Reports 12% Increase in Q2 Net Sales
Nature’s Sunshine Products, Inc., the Lehi, Utah-based natural health and wellness company, reported its net sales for the second quarter ended June 30, 2018, increased 12.2 percent year-over-year to $91.3 million compared to $81.3 million in the second quarter of 2017. “We generated strong second quarter sales growth compared to the prior year period, which…
Read MoreOriflame Q2 Local Currency Sales Up 1%; Euro Sales Down 7%
Switzerland-based Oriflame Cosmetics, the direct seller of cosmetics and beauty products, announced financial results for the second quarter of 2018. Local currency sales increased by 1 percent while Euro sales decreased by 7 percent to €321.9 million (€347.6 million). The number of registered actives decreased by 1 percent to 2.8 million. “Despite facing significant currency headwinds, we are pleased to…
Read MoreMannatech Reports Q2 Net Sales Down 5.3%
Flower Mound, Texas-based Mannatech, Incorporated recently announced financial results for its second quarter of 2018. Net sales were $45.1 million, a decrease of $2.6 million, or 5.3 percent, as compared to $47.7 million in the second quarter of 2017. Mannatech’s operations outside of the Americas accounted for approximately 61.6 percent of its consolidated net sales. Regionally, results included: Asia/Pacific: Net sales…
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