Photo above: LifeVantage is hosting its young entrepreneurs at The Flamingo Hotel and Casino in Las Vegas.
LifeVantage is strategically targeting the next generation of entrepreneurs with a new event underway at The Flamingo Hotel and Casino in Las Vegas. The three-day Rules of Engagement seminar is all about training and developing young millennials, a steadily growing segment of the company’s salesforce.
“Millennials represent a massive opportunity for immediate and long-term growth for our distributor family and LifeVantage as a company,” said President and CEO Douglas C. Robinson. “We want to provide these young entrepreneurs with authentic and time-tested strategies to encourage success in their business lives for years to come.”
The three-day event includes mentoring sessions by some of LifeVantage’s top young entrepreneurs, but the agenda is not all business. Attendees can also experience a pool party and a dance party hosted at some of the city’s hot spots.
LifeVantage released Q4 and full fiscal year results on Wednesday, and the healthy living company experienced a record fourth quarter. Revenue increased 8.8 percent to $56.0 million, with 12.3 growth in the Americas. For the full year, LifeVantage increased revenue 2.8 percent over the prior year to $214.0 million. Annual revenue was negatively impacted 5 percent by foreign currency fluctuations.
“As we expect revenue to grow in fiscal 2015, we also expect to improve margins and grow the bottom line. In fact, we project our earnings per share to increase by approximately 40 percent to 60 percent in fiscal 2015,” Robinson told investors during the company’s earnings call. “The transformation of this company over the past 12 months has been extremely exciting.”