Young Living Essential Oils LC disclosed Tuesday that—for the first time in company history—annual sales topped $1 billion in 2015. The pioneer in essential oil products is one of just nine U.S.-based direct selling companies to reach the billion-dollar benchmark (click here to view last year’s North America 50 list).
“We celebrate this milestone with sincere gratitude to our dedicated members, who work tirelessly to bring the purpose-driven benefits of Young Living to people around the world,” Travis Ogden, COO, said in a statement. “We truly believe Young Living offers unmatched opportunities to make a real difference in the lives of millions.”
Recent steps have pointed to significant growth at the privately held company. Young Living has expanded and renovated its global distribution center, more than doubling shipping capacity and tripling manufacturing capability. In June 2014, the company announced that its global staff had grown to 1,000. Now, that number has surpassed 2,000. In December 2015, Young Living moved its 500 call center employees to a new facility, one that will accommodate the 50 percent increase in staff the department expects in 2016. This year management also plans to open three new markets, upping the total to 17.
D. Gary Young, an expert in the field of essential oils, founded Young Living in 1993 and served as CEO until stepping down in November 2015. His wife and co-founder, Mary Young, then took on leadership of the company, equipped with two decades of experience as a Young Living executive. The Lehi, Utah-based company today sells more than 500 essential oils and essential oil-infused products, backed by its Seed to Seal commitment.
“From our humble beginnings until now, these milestones are significant because they demonstrate the power of authenticity and our unwavering commitment to quality,” said Jared Turner, Chief Sales and Marketing Officer. “We will always stay true to our roots while we continue to innovate and lead the essential oil movement.”