brand-logo
Subscribe

NHT Down 57% for Q4; 60% for Full Year

by Leave a Comment

Natural Health Trends Corp. (NASDAQ: NHTC) announced its financial results for the fourth quarter and full year ended December 31, 2019.

The company, a direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, reported revenue of $17.8 million decreased 57 percent compared to $41.6 million in the fourth quarter of 2018. Revenue increased 5 percent compared to $17.0 million in the third quarter of 2019.

For the full-year 2019, revenue of $77.6 million decreased 60 percent compared to $191.9 million in 2018.

“2019 was a challenging year for our business amid a host of macroeconomic and industry-specific factors that created a highly difficult operating environment,” commented Chris Sharng, president of Natural Health Trends Corp. “In addition to China’s 100-day campaign announced last January and negative sentiment stemming from social media as it relates to health products companies in China, additional developments such as ongoing global trade tensions, China’s slowing economy and civil unrest in Hong Kong further contributed to the decline in revenue for 2019.”

Sharng further commented, “While our first quarter results are typically affected by the Chinese New Year, the coronavirus outbreak and the unprecedented measures to control it are posing further challenges to the market. Following the extended Chinese New Year holidays, we plan to rely on product promotions and webcast training to overcome physical restrictions. We are continuing to monitor the evolving situation closely and will adapt our marketing programs accordingly. Looking ahead, we have implemented a strategy to more effectively manage elements within our control including ensuring our incentives remain attractive to our leaders and member base; continuing to expand our operations into new geographies; and reducing our cost structure. To that end, we expect to achieve annualized cost savings of approximately $6.5 million in 2020.”

To read the complete Natural Health Trends Corp. financial report, click here.

 

NHT Down 57% for Q4; 60% for Full Year

by Leave a Comment

Natural Health Trends Corp. (NASDAQ: NHTC) announced its financial results for the fourth quarter and full year ended December 31, 2019.

The company, a direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, reported revenue of $17.8 million decreased 57 percent compared to $41.6 million in the fourth quarter of 2018. Revenue increased 5 percent compared to $17.0 million in the third quarter of 2019.

For the full-year 2019, revenue of $77.6 million decreased 60 percent compared to $191.9 million in 2018.

“2019 was a challenging year for our business amid a host of macroeconomic and industry-specific factors that created a highly difficult operating environment,” commented Chris Sharng, president of Natural Health Trends Corp. “In addition to China’s 100-day campaign announced last January and negative sentiment stemming from social media as it relates to health products companies in China, additional developments such as ongoing global trade tensions, China’s slowing economy and civil unrest in Hong Kong further contributed to the decline in revenue for 2019.”

Sharng further commented, “While our first quarter results are typically affected by the Chinese New Year, the coronavirus outbreak and the unprecedented measures to control it are posing further challenges to the market. Following the extended Chinese New Year holidays, we plan to rely on product promotions and webcast training to overcome physical restrictions. We are continuing to monitor the evolving situation closely and will adapt our marketing programs accordingly. Looking ahead, we have implemented a strategy to more effectively manage elements within our control including ensuring our incentives remain attractive to our leaders and member base; continuing to expand our operations into new geographies; and reducing our cost structure. To that end, we expect to achieve annualized cost savings of approximately $6.5 million in 2020.”

To read the complete Natural Health Trends Corp. financial report, click here.

 

Medifast to Ring NYSE Opening Bell

by Leave a Comment

Medifast announced it will ring The Opening Bell® at the New York Stock Exchange (NYSE) on March 2, 2020, in celebration of its strong 2019.

To honor the occasion, Medifast Chief Executive Officer Dan Chard will be joined by Mike MacDonald, chairman of the Board, Dr. Wayne Scott Andersen, co-founder of OPTAVIA and Independent OPTAVIA Coach, members of the executive team and other independent OPTAVIA Coaches.

“This past year marked a transformative year for Medifast,” said Chard. “We are pleased with our strong growth in revenue and active earning Coaches, which has enabled us to impact more lives than ever before. This success was powered by our OPTAVIA Coach Community, whose passion and dedication fuels client’s success. We have more than 31,000 Coaches and are thrilled several members from that community will join us in this celebratory moment at the New York Stock Exchange.”

The Opening Bell will ring at 9:30 a.m. ET and can be viewed live on the NYSE’s website at www.nyse.com/bell.

Medifast to Ring NYSE Opening Bell

by Leave a Comment

Medifast announced it will ring The Opening Bell® at the New York Stock Exchange (NYSE) on March 2, 2020, in celebration of its strong 2019.

To honor the occasion, Medifast Chief Executive Officer Dan Chard will be joined by Mike MacDonald, chairman of the Board, Dr. Wayne Scott Andersen, co-founder of OPTAVIA and Independent OPTAVIA Coach, members of the executive team and other independent OPTAVIA Coaches.

“This past year marked a transformative year for Medifast,” said Chard. “We are pleased with our strong growth in revenue and active earning Coaches, which has enabled us to impact more lives than ever before. This success was powered by our OPTAVIA Coach Community, whose passion and dedication fuels client’s success. We have more than 31,000 Coaches and are thrilled several members from that community will join us in this celebratory moment at the New York Stock Exchange.”

The Opening Bell will ring at 9:30 a.m. ET and can be viewed live on the NYSE’s website at www.nyse.com/bell.

Kristine Hughes, Nature’s Sunshine Co-Founder, Passes Away

by Leave a Comment

Kristine F. Hughes, co-founder and board member of Nature’s Sunshine Products, passed away peacefully on February 23 at the age of 81, the company announced.

“Loved by her immediate family and her vast Nature’s Sunshine family, Kristine will be dearly missed, and her legacy will continue to be felt across our business,” said Nature’s Sunshine Chief Executive Officer Terrence Moorehead. “She deeply loved this company, and her personal interactions with distributors and employees forged relationships around the globe.”

Kristine’s innovative ideas and pioneering spirit were integral to the growth of Nature’s Sunshine. For nearly 48-years, she helped revolutionize the herbal and natural wellness industry and gave rise to the modern supplement industry we know today.

With her husband and family, Kristine began encapsulating herbs and selling them to health food stores. They quickly found a market for their products among a growing number of complementary and alternative healthcare practitioners across the United States, and the company blossomed, spreading to over 40 countries around the world.

Kristine’s passion for quality, integrity and service propelled the company from a small, family-owned business to a multi-million dollar global enterprise helping to share the healing power of nature with the world.

She remained active with the company throughout her life, serving as an officer in the company since 1980. Kristine served as chief executive officer from 1996 to 1997 and in various capacities as a member of the board of directors for 35 years, including chairperson of the Board from 1984 to 2012 and vice chairperson of the Board from 2013 to 2019. Additionally, in 1998, she was recognized by Ernst & Young as Entrepreneur of the Year.

Kristine Hughes, Nature’s Sunshine Co-Founder, Passes Away

by Leave a Comment

Kristine F. Hughes, co-founder and board member of Nature’s Sunshine Products, passed away peacefully on February 23 at the age of 81, the company announced.

“Loved by her immediate family and her vast Nature’s Sunshine family, Kristine will be dearly missed, and her legacy will continue to be felt across our business,” said Nature’s Sunshine Chief Executive Officer Terrence Moorehead. “She deeply loved this company, and her personal interactions with distributors and employees forged relationships around the globe.”

Kristine’s innovative ideas and pioneering spirit were integral to the growth of Nature’s Sunshine. For nearly 48-years, she helped revolutionize the herbal and natural wellness industry and gave rise to the modern supplement industry we know today.

With her husband and family, Kristine began encapsulating herbs and selling them to health food stores. They quickly found a market for their products among a growing number of complementary and alternative healthcare practitioners across the United States, and the company blossomed, spreading to over 40 countries around the world.

Kristine’s passion for quality, integrity and service propelled the company from a small, family-owned business to a multi-million dollar global enterprise helping to share the healing power of nature with the world.

She remained active with the company throughout her life, serving as an officer in the company since 1980. Kristine served as chief executive officer from 1996 to 1997 and in various capacities as a member of the board of directors for 35 years, including chairperson of the Board from 1984 to 2012 and vice chairperson of the Board from 2013 to 2019. Additionally, in 1998, she was recognized by Ernst & Young as Entrepreneur of the Year.

Globally Recognized Law Firm Rosen Files Class Action Lawsuit Against Tupperware Brands

by Leave a Comment

Rosen Law Firm, a global investor rights law firm, announced it has filed a class action lawsuit on behalf of purchasers of the securities of Tupperware Brands Corporation (NYSE: TUP) between January 30, 2019 and February 24, 2020, inclusive (the “Class Period”).

The lawsuit seeks to recover damages for Tupperware investors under the federal securities laws.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Tupperware lacked effective internal controls; (2) as a result, Tupperware would need to investigate Fuller Mexico’s accounting and liabilities; (3) consequently, Tupperware would be unable to timely file its annual report on Form 10-K for its fiscal year 2019; (4) Tupperware did not properly account for its accounts payable and accrued liabilities at Fuller Mexico; (5) Tupperware provided overvalued earnings per share guidance; (6) Tupperware would need relief from its $650 million Credit Agreement; and (7) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Globally Recognized Law Firm Rosen Files Class Action Lawsuit Against Tupperware Brands

by Leave a Comment

Rosen Law Firm, a global investor rights law firm, announced it has filed a class action lawsuit on behalf of purchasers of the securities of Tupperware Brands Corporation (NYSE: TUP) between January 30, 2019 and February 24, 2020, inclusive (the “Class Period”).

The lawsuit seeks to recover damages for Tupperware investors under the federal securities laws.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Tupperware lacked effective internal controls; (2) as a result, Tupperware would need to investigate Fuller Mexico’s accounting and liabilities; (3) consequently, Tupperware would be unable to timely file its annual report on Form 10-K for its fiscal year 2019; (4) Tupperware did not properly account for its accounts payable and accrued liabilities at Fuller Mexico; (5) Tupperware provided overvalued earnings per share guidance; (6) Tupperware would need relief from its $650 million Credit Agreement; and (7) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Natura Named One of Most Ethical Companies in World

by Leave a Comment

Natura has been recognized as one of the most ethical companies in the world in 2020 by the Ethisphere Institute, global leader in the definition of standards for ethical business practices.

The only Brazilian organization on the list of 132 companies from 21 countries, Natura is featured for the tenth time in the Health & Beauty category.

“Our vision of ethics goes beyond compliance with norms and legislation. It is a responsibility that permeates all levels of the company and our relations with different audiences,” said João Paulo Ferreira, CEO of Natura &Co Latin America. “After ten years of recognition, we reaffirm our commitment to best governance practices and integrity in our actions, agendas inherent to sustainable development.”

The classification of the most ethical companies in the world is based on the Ethisphere Institute’s Ethics Quotient (EQ) structure, a quantitative methodology for measuring a company’s performance in an objective, standardized way. The evaluation process with more than 200 questions serves as an operational structure for capturing and codifying organizations’ leadership practices in all sectors worldwide. Inclusion in the list depends on the score achieved in five main categories: ethics and compliance program, an ethics culture, citizenship and corporate responsibility, governance and leadership and reputation.

“I would like to congratulate everyone at Natura for achieving this recognition,” said Ethisphere Executive Director Timothy Erblich. “It is time to recognize that the organizations which adopt a long-term vision, with a purpose-driven strategy, not only exceed expectations, but also last longer.”

 

Natura Named One of Most Ethical Companies in World

by Leave a Comment

Natura has been recognized as one of the most ethical companies in the world in 2020 by the Ethisphere Institute, global leader in the definition of standards for ethical business practices.

The only Brazilian organization on the list of 132 companies from 21 countries, Natura is featured for the tenth time in the Health & Beauty category.

“Our vision of ethics goes beyond compliance with norms and legislation. It is a responsibility that permeates all levels of the company and our relations with different audiences,” said João Paulo Ferreira, CEO of Natura &Co Latin America. “After ten years of recognition, we reaffirm our commitment to best governance practices and integrity in our actions, agendas inherent to sustainable development.”

The classification of the most ethical companies in the world is based on the Ethisphere Institute’s Ethics Quotient (EQ) structure, a quantitative methodology for measuring a company’s performance in an objective, standardized way. The evaluation process with more than 200 questions serves as an operational structure for capturing and codifying organizations’ leadership practices in all sectors worldwide. Inclusion in the list depends on the score achieved in five main categories: ethics and compliance program, an ethics culture, citizenship and corporate responsibility, governance and leadership and reputation.

“I would like to congratulate everyone at Natura for achieving this recognition,” said Ethisphere Executive Director Timothy Erblich. “It is time to recognize that the organizations which adopt a long-term vision, with a purpose-driven strategy, not only exceed expectations, but also last longer.”

 

Tupperware Shares Down Following Launch of Accounting Investigation

by Leave a Comment

Tupperware Brands Corporation shares are down over 20 percent in pre-market trading today following the launch of an investigation into the company’s financial accounting by Shareholder Rights Law Firm Johnson Fistel, LLP.

Johnson Fistel is investigating potential violations of the federal securities laws by Tupperware and its officers and directors following yesterday’s announcement by Tupperware that it was conducting an investigation in its financial accounting and warned of a 2019 profit shortfall.

Tupperware said it expects 2019 net earnings per share in the range of breakeven to $0.34 versus $3.11 in the prior year, and adjusted EPS of $1.35 to $1.70, which is below consensus estimates of $2.79. Tupperware is investigating the accounting for accounts payable and accrued liabilities and estimates that the total pre-tax impact for 2019 to be about $50 million to $52 million.

Tupperware released preliminary financial results for the fiscal year 2019 and announced it will file a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission to provide a 15-calendar day extension within which to file its Form 10-K for the fiscal year ended December 28, 2019. According to the company, the extension will provide it time to finalize additional procedures as part of its investigation regarding the impact of certain financial reporting matters in its Fuller Mexico beauty business and to finalize its tax rate.

Tupperware Shares Down Following Launch of Accounting Investigation

by Leave a Comment

Tupperware Brands Corporation shares are down over 20 percent in pre-market trading today following the launch of an investigation into the company’s financial accounting by Shareholder Rights Law Firm Johnson Fistel, LLP.

Johnson Fistel is investigating potential violations of the federal securities laws by Tupperware and its officers and directors following yesterday’s announcement by Tupperware that it was conducting an investigation in its financial accounting and warned of a 2019 profit shortfall.

Tupperware said it expects 2019 net earnings per share in the range of breakeven to $0.34 versus $3.11 in the prior year, and adjusted EPS of $1.35 to $1.70, which is below consensus estimates of $2.79. Tupperware is investigating the accounting for accounts payable and accrued liabilities and estimates that the total pre-tax impact for 2019 to be about $50 million to $52 million.

Tupperware released preliminary financial results for the fiscal year 2019 and announced it will file a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission to provide a 15-calendar day extension within which to file its Form 10-K for the fiscal year ended December 28, 2019. According to the company, the extension will provide it time to finalize additional procedures as part of its investigation regarding the impact of certain financial reporting matters in its Fuller Mexico beauty business and to finalize its tax rate.