Browse direct sales, network marketing and work-from-home news from November 2023.
TORONTO and NEW YORK -- November 9, 2023 The Real Brokerage Inc., the Nasdaq-listed cloud-based real estate brokerage, reported third-quarter 2023 revenue of 214.6 million dollars, up 92 percent from a year earlier, as its agent count rose 81 percent to 12,175. Gross profit rose 119 percent to 18.8 million dollars, ...
Read full storySÃO PAULO, November 30, 2023 -- Natura &Co said Kristof Neirynck, Avon's global chief marketing officer and managing director for Western Europe, will become chief executive of Avon Products, Inc. on January 1, 2024, succeeding Angela Cretu. Cretu, who spent 25 years with the company, will stay on as an advisor. Na...
Read full storyPlaintiffs Lindsay Penhall, Sarah Maldonado and Tiffanie Runnels and Young Living Essential Oils, LC filed a stipulated motion on November 22, 2023 in the U.S. District Court for the District of Utah to dismiss with prejudice a proposed class action accusing the company of operating an illegal pyramid scheme. The fi...
Read full storyEL SEGUNDO, Calif., November 21, 2023 -- The Beachbody Company, Inc. said its board approved a 1-for-50 reverse split of its Class A and Class X common stock, effective November 21, 2023, after stockholders authorized the move at the company's November 20 annual meeting. The Class A shares were set to begin trading ...
Read full storyIndia's Enforcement Directorate filed a prosecution complaint under the Prevention of Money Laundering Act against Amway India Enterprises in a special PMLA court in Hyderabad, which took cognizance of the complaint on November 20, 2023. The probe stems from police cases registered in Telangana against Amway and its...
Read full storyGOTHENBURG, Sweden, November 16, 2023 -- Zinzino AB reported third-quarter 2023 total revenue of 436.9 million kronor, up 25 percent from 349.9 million kronor a year earlier. EBITDA rose to 71.2 million kronor from 25.4 million kronor, lifting the EBITDA margin to 16.3 percent from 7.3 percent, and gross margin impr...
Read full storySÃO PAULO, November 14, 2023 -- Natura &Co agreed to sell The Body Shop to international private equity group Aurelius for an enterprise value of 207 million pounds, including an earn-out of 90 million pounds, with the price and earn-out payable over up to five years after closing. The deal, which followed an exclu...
Read full storySÃO PAULO, November 14, 2023 -- Natura &Co Holding reported third-quarter 2023 consolidated net revenue of 7.5 billion reais, down 0.7 percent at constant currency and 10.5 percent in reais. Gross margin rose 310 basis points to 65.3 percent and adjusted EBITDA margin rose 190 basis points to 10 percent. Reported n...
Read full storySALT LAKE CITY, November 13, 2023 -- LifeVantage Corporation said final certified results of its November 6, 2023 annual meeting confirmed that stockholders re-elected all seven incumbent directors, defeating a proxy challenge from Bradley L. Radoff and Sudbury Capital Fund, LP. Re-elected were Michael A. Beindorff,...
Read full storyeXp World Holdings, Inc., parent of eXp Realty, disclosed in a Form 8-K filed November 9, 2023 that Jeff Whiteside notified the company on November 4 that he would resign as chief financial officer and chief collaboration officer effective December 1, 2023 to pursue other opportunities. The company said the resignat...
Read full storySALT LAKE CITY, Utah, November 9, 2023 -- LifeVantage Corporation reported fiscal first-quarter revenue of 51.4 million dollars for the period ended September 30, 2023, down 0.8 percent from a year earlier and down about 0.2 percent excluding currency effects. Americas revenue rose 5.9 percent, including 6.5 percent...
Read full storySEOUL, South Korea, November 8, 2023 -- Coway Co., Ltd. reported third-quarter 2023 consolidated revenue of 1,007.7 billion won, up 3.9 percent from a year earlier, and operating profit of 195.3 billion won, up 18.3 percent. Revenue for the first nine months reached 2,962.1 billion won, up 3 percent, with operating ...
Read full storyFLOWER MOUND, Texas, November 7, 2023 -- Mannatech, Incorporated reported third-quarter 2023 net sales of 32.6 million dollars, down 2.9 million dollars, or 8.3 percent, from 35.5 million dollars a year earlier, and down 8.5 percent on a constant-dollar basis. Operating income fell to 0.2 million dollars from 1.4 mi...
Read full storyLEHI, Utah, November 7, 2023 -- Nature's Sunshine Products reported third-quarter 2023 net sales of 111.2 million dollars, up 6 percent from 104.5 million dollars a year earlier, or 7.1 percent in constant currency. Asia sales rose 9.1 percent to 52.2 million dollars, up 12.4 percent in local currency, and North Ame...
Read full storyEL SEGUNDO, Calif., November 7, 2023 -- The Beachbody Company, Inc. reported third-quarter 2023 revenue of 128.3 million dollars, down 22.7 percent from 166.0 million dollars a year earlier. Digital revenue fell to 64.3 million dollars from 72.2 million dollars with 1.38 million digital subscriptions, nutrition and ...
Read full storyDULUTH, Ga., November 7, 2023 -- Primerica, Inc. reported third-quarter 2023 total revenue of 710.9 million dollars, up 6 percent from a year earlier. Net income rose 91 percent to 152.1 million dollars and diluted EPS doubled to 4.23 dollars from 2.11 dollars; the year-earlier period included a 60.0 million dollar ...
Read full storyBALTIMORE, November 6, 2023 -- Medifast, Inc., parent of OPTAVIA, reported third-quarter 2023 revenue of 235.9 million dollars, down 39.6 percent from 390.4 million dollars a year earlier. Independent active earning OPTAVIA coaches fell 28.9 percent to 47,100 from 66,200, and average revenue per active earning coach...
Read full storyBELLINGHAM, Wash., November 2, 2023 -- eXp World Holdings, Inc., parent of eXp Realty, reported third-quarter 2023 revenue of 1.2 billion dollars, down 2 percent from a year earlier. Gross profit fell 10 percent to 83.6 million dollars and net income was 1.3 million dollars, or 0.01 dollars per diluted share, compar...
Read full storyHONG KONG, November 1, 2023 -- Natural Health Trends Corp. reported third-quarter 2023 revenue of 10.6 million dollars, down 9 percent from 11.7 million dollars a year earlier. The company said the decline was mainly due to changes in deferred revenue, which produced an 835,000 dollar unfavorable variance, and that ...
Read full storyPROVO, Utah, November 1, 2023 -- Nu Skin Enterprises reported third-quarter 2023 revenue of 498.8 million dollars, down 7 percent from 537.8 million dollars a year earlier, including a 1 percent negative currency impact. The company posted a loss of 0.74 dollars per share, or earnings of 0.56 dollars excluding a 65....
Read full storyLOS ANGELES, November 1, 2023 -- Herbalife Ltd. reported third-quarter 2023 net sales of 1.281 billion dollars, down 1.1 percent from 1.295 billion dollars a year earlier and down 1.5 percent in constant currency, marking a third straight quarter of improving year-over-year trends. Net income fell to 42.8 million do...
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