Browse direct sales, network marketing and work-from-home news from February 2021.
Medifast, the public company behind Optavia, reported fourth-quarter 2020 revenue of 264.9 million dollars, up 55.3 percent from a year earlier. Active earning Optavia coaches rose 39.0 percent to a record 44,200. Revenue per active earning coach rose 13.4 percent to 5,932 dollars. Net income rose 40.8 percent to 28...
Read full storyeXp World Holdings, the parent of eXp Realty, opened in Brazil under the name eXp Brazil. Ernani Assis will be managing director and broker. Global president Michael Valdes is leading the international push. Valdes said the Brazil opening puts the company on six continents. The business was already in Australia, Can...
Read full storyRegal Ware named David Kane senior vice president and chief financial officer. He joins the executive committee and will oversee finance and information technology, working with senior leaders on growth and efficiency. He will also coordinate financial planning, analysis, and reporting. President and chief executive...
Read full storyHerbalife Nutrition reported full-year 2020 net sales of 5.5 billion dollars, up 13.6 percent and the largest annual result in company history. Fourth-quarter net sales were 1.4 billion dollars, up 15.6 percent and a record fourth quarter. Chairman and chief executive John Agwunobi said distributors met global deman...
Read full storyThe Nu Skin Enterprises board selected president Ryan Napierski to become the next president and chief executive. He will succeed Ritch Wood when Wood retires on September 1, 2021. Wood will stay on as an executive advisor into the start of 2022 after 30 years with the company. Napierski is also expected to take the...
Read full storyThe Beachbody Company said it will become a public company through a three-way merger with Forest Road Acquisition Corp. and connected-fitness maker Myx Fitness. The deal values the combined business at 2.9 billion dollars and is expected to close in the second quarter of 2021, with a New York Stock Exchange listing...
Read full storyNu Skin Enterprises reported fourth-quarter 2020 revenue of 748.2 million dollars, up 28 percent from a year earlier, and diluted earnings of 1.40 dollars a share, up 94 percent. Full-year revenue rose 7 percent to 2.58 billion dollars, and full-year earnings rose 17 percent to 3.63 dollars a share. Customers rose 3...
Read full storyUSANA Health Sciences reported fourth-quarter net sales of 310.5 million dollars for the fiscal period ended January 2, 2021, up 14.5 percent from a year earlier. Diluted earnings rose 32.6 percent to a record 1.87 dollars a share. Fiscal 2020 was a 53-week year, and the extra week added about 18 million dollars of ...
Read full storyPrimerica reported total revenue of 598.3 million dollars for the fourth quarter of 2020, up 12 percent from a year earlier. Net income rose 7 percent to 100.1 million dollars, and diluted earnings rose 13 percent to 2.52 dollars a share. Adjusted operating earnings were 2.45 dollars a share, up 10 percent. The life...
Read full storyWashington Attorney General Bob Ferguson said LuLaRoe will pay 4.75 million dollars to resolve a consumer protection lawsuit that accused the apparel seller of operating a pyramid scheme. The resolution, filed in King County Superior Court, bars LuLaRoe from operating a pyramid scheme and requires clearer disclosure...
Read full storyLifeVantage Corporation reported revenue of 59.0 million dollars for the second fiscal quarter ended December 31, 2020. That was up 7.6 percent from the prior quarter and down 3.6 percent from a year earlier. The same announcement named Steven R. Fife president and chief executive, effective immediately, and added h...
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