Browse direct sales, network marketing and work-from-home news from November 2021.
The Beachbody Company appointed Kristin Frank to its board, effective November 24, 2021. Frank is chief executive of AdPredictive, a customer-intelligence platform that uses data and machine learning in marketing. She brings more than 20 years in data-driven marketing and digital media. After the appointment the boa...
Read full storyKannaway said it had begun launching operations in South Africa and hired Duduzile Mathole as country manager. Mathole was described as experienced in local and regional cannabis rules. Chief executive Blake Schroeder said she would help establish the business in South Africa and the wider region. The company tied t...
Read full storyZinzino reported third quarter group revenue of 313.6 million Swedish kronor, up 11 percent from 281.8 million kronor. Gross profit was 107.5 million kronor, a margin of 34.3 percent, up from 28.8 percent. EBITDA was 40.4 million kronor, up from 28.8 million kronor, and the EBITDA margin was 12.9 percent, up from 10...
Read full storyAsea reshaped its executive team and said the changes were meant to support a faster growth phase. President Jarom Webb moved to vice chairman of the board of managers and left day-to-day operations. In that role he will oversee strategic direction and long-term growth. Scott Alred became president while remaining c...
Read full storyLifeVantage said it had started business in the Philippines through Protandim Philippines Corporation. President and chief executive Steve Fife said the opening extended an international expansion and that the company would sell wellness products across the country. The launch lineup includes Protandim Nrf2 Synergiz...
Read full storyThe Beachbody Company reported third quarter revenue of 208.1 million dollars, down 17 percent from a year earlier and up 6 percent from 2019. Digital revenue was 94.1 million dollars, down 5 percent. Nutrition and other revenue was 108.1 million dollars, down 29 percent. Connected fitness revenue was 5.9 million do...
Read full storyNatura and Co reported third quarter consolidated net revenue of 9.5 billion reais, down 4.2 percent from a record comparison a year earlier, when the group had grown more than 20 percent. For the first nine months, net revenue rose 14.4 percent to 28.5 billion reais. Nine-month net income was 352.6 million reais, r...
Read full storyMannatech reported third quarter net sales of 39.4 million dollars, up 1.4 million dollars, or 3.9 percent, from 38.0 million dollars. In constant currency the sales increase was about 1.3 percent. Income from operations rose to 3.3 million dollars from 1.4 million dollars. Net income was 2.9 million dollars, or 1.4...
Read full storyNu Skin Enterprises acquired Mavely, a social commerce platform meant to make it easier for people to find, share, and buy products. The company said Mavely technology would give brand affiliates new ways to sell and would support a push into social commerce. It did not disclose the purchase price. Over the coming y...
Read full storyPPLSI, the parent of LegalShield and IDShield, expanded its leadership with several executive hires and with first-time roles. The new posts include chief information officer, chief information security officer, senior vice president of software development and engineering, and senior vice president of data engineer...
Read full storyZinzino said it launched its business in South Africa on November 9, 2021, its next step in a global expansion and its move onto the African continent. Sales director Kirsten Pearse called Africa a large unfinished opportunity for direct selling and said the company would bring its test-based nutrition model into th...
Read full storyPrimerica reported third quarter total revenue of 693.2 million dollars, up 22 percent. Net income attributable to Primerica was 112.4 million dollars and diluted earnings per share were 2.82 dollars, both little changed from a year earlier. Return on equity was 21.8 percent. Adjusted operating revenue was 692.5 mil...
Read full storyCoway reported third quarter revenue of 934.0 billion won, up 16.7 percent from a year earlier. Operating profit was 163.8 billion won, down 2.9 percent. For the first nine months, sales were about 2,718.4 billion won, up 14.5 percent, and operating profit was 501.0 billion won, up 5.1 percent. Figures are consolida...
Read full storyMedifast, the parent of Optavia, reported third quarter revenue of 413.4 million dollars, up 52.3 percent from 271.5 million dollars. Active earning Optavia coaches rose 44.9 percent to a record 61,000. Revenue per active earning coach rose 7 percent to 6,773 dollars. Net income rose 21.9 percent to 42.0 million dol...
Read full storyNatures Sunshine Products reported third quarter net sales of 114.7 million dollars, up 14 percent from 100.3 million dollars and the fifth straight record sales quarter. Excluding currency, sales rose 12.9 percent. Net income was 5.5 million dollars, or 0.24 dollars per diluted share, compared with 7.2 million doll...
Read full storyLifeVantage reported fiscal first quarter revenue of 53.2 million dollars for the period ended September 30, 2021, down 2.9 percent from a year earlier. Americas revenue fell 5.8 percent. Asia, Pacific, and Europe revenue rose 3.9 percent. Diluted earnings per share were 0.25 dollars, up from 0.17 dollars. Net incom...
Read full storyeXp World Holdings, the parent of eXp Realty, reported third quarter revenue of 1.110 billion dollars, up 97 percent and a record. Gross profit rose 70 percent to 79.5 million dollars. Net income rose 60 percent to 23.8 million dollars, including a 12.9 million dollar income-tax benefit. Diluted earnings per share r...
Read full storyTupperware Brands reported third quarter results from continuing operations after moving certain beauty brands into discontinued operations because they are being sold. Continuing net sales were 376.9 million dollars, down 11 percent, or 13 percent in constant currency. Income from continuing operations was 60.4 mil...
Read full storyNu Skin Enterprises reported third quarter revenue of 641.2 million dollars, down 9 percent, and earnings per share of 0.97 dollars, down 10 percent. Foreign exchange added about 11.8 million dollars, or 2 percent. Sales leaders fell 15 percent to 58,565. Customers fell 9 percent to 1,395,271. President and chief ex...
Read full storyNatural Health Trends reported third quarter revenue of 14.3 million dollars, up 1 percent from 14.1 million dollars a year earlier and down 12 percent from the second quarter. Operating income was 479,000 dollars, down 28 percent from a year earlier. Net income was 471,000 dollars, or 0.04 dollars per diluted share...
Read full storyHerbalife Nutrition reported third quarter net sales of 1.4 billion dollars, down 6 percent from a year earlier and in line with the outlook issued on September 13. Reported diluted earnings per share were 1.09 dollars and adjusted diluted earnings per share were 1.21 dollars, both about 5 percent higher than a year...
Read full storyTupperware Brands elected Pamela Jones Harbour to its board, effective November 1, 2021. Harbour is a former commissioner of the Federal Trade Commission, where she served seven years, and a former deputy attorney general in the New York attorney generals office. She later practiced in antitrust, consumer protection...
Read full storyKannaway promoted Peter Dale from general manager of its Japan division to global chief sales officer. He will oversee global sales and business development, keep hiring into the sales team, and work on productivity. Chief executive Blake Schroeder said Dale had been central to growth with entrepreneur leaders in Ja...
Read full story