Financial News

Oriflame Euro Sales Down 1%, Local Currency Sales Up 4%

Oriflame

Oriflame (ORI-SS—Stockholm) announced financial results for the third quarter ending September 30, 2018. Euro sales decreased by 1 percent to €292.5 million. Euro sales amounted to €279.4 million in accordance with IFRS. Local currency sales increased by 4 percent. The number of registered actives was stable and amounted to 2.7 million. For the nine months…

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Medifast Q3 Revenue Up 80%; Primerica Up 13%

Medifast, Inc. (NYSE: MED) and Primerica, Inc. (NYSE: PRI) recently reported financial results for the third quarter ended September 30, 2018. Medifast For the third quarter of 2018, revenue increased 80.3 percent to $139.2 million from revenue of $77.2 million for the third quarter last year. OPTAVIA-branded products represented 70 percent of consumable units sold for the third quarter of 2018 compared to…

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Mannatech Q3 2018 Sales Up 2.4%

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Mannatech, Incorporated (NASDAQ: MTEX) announced financial results for its third quarter of 2018. Net sales were $43.0 million, an increase of $1.0 million, or 2.4 percent, as compared to $42.0 million in the third quarter of 2017. For the three-month period ended September 30, 2018, net sales increased 2.9 percent on a constant dollar basis as compared to the same period in…

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Avon Reports 1% Increase for Q3 2018 Revenue

Avon Products UK HQ

Avon Products, Inc. (NYSE: AVP) announced its results for the quarter ended September 30, 2018. Total reportable segment revenue in reported currency increased 1 percent to $1.4 billion. Adjusted total reportable segment revenue in constant dollars decreased 4 percent on a like-for-like basis. Active representatives and ending representatives, both from reportable segments, declined 5 percent and 6 percent, respectively. “As we said at the…

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Herbalife Q3 Net Sales Up 15%

Herbalife Building

Herbalife Nutrition Ltd. (NYSE: HLF) recently reported Q3 2018 net sales of $1.2 billion, an increase of 15 percent compared to Q3 2017. All regional net sales increased during the quarter, with the exception of South and Central America, Regionally, net sales were: Asia Pacific net sales were $274.3 million, an increase of 18.8 percent North…

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Natural Health Trends Q3 Revenue Up 17%

Natural Health Trends Corp. (NASDAQ: NHTC) today announced its financial results for the third quarter ended September 30, 2018. Total revenue of $47.0 million increased 17 percent compared to $40.1 million in the third quarter of 2017, and decreased 8 percent compared to $50.9 million in the second quarter of 2018. Revenue from the company’s Hong…

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Avon Announces Long-Term Growth Strategy

Avon Products, Inc. (AVP) shares rose 1.7% after the company recently announced its new growth strategy and long-term financial targets for 2021. The updated “Open Up Avon” strategy is geared at bringing Avon back on its growth trajectory by focusing on revamping the direct selling business, renovating the brand and boosting e-commerce. The Avon Products,…

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Direct Sellers Make Utah Business Magazine’s Fast 50

Welcome to Utah Sign

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…

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LifeVantage 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…

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Lori 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…

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