Browse direct sales, network marketing and work-from-home news from May 2023.
GOTHENBURG, Sweden, May 12, 2023 -- Zinzino AB reported first-quarter 2023 total revenue of 393.7 million kronor, up 18 percent from 334.4 million kronor a year earlier. EBITDA rose to 44.4 million kronor from 25.8 million kronor, for an 11.3 percent margin compared with 7.7 percent. Gross profit margin was 33.2 per...
Read full storyFLOWER MOUND, Texas, May 12, 2023 -- Mannatech, Incorporated reported first-quarter 2023 net sales of 34.1 million dollars, up 5.3 percent from 32.4 million dollars a year earlier, or 10.2 percent in constant currency after 1.6 million dollars of unfavorable foreign exchange. Operating income was 0.7 million dollars...
Read full storySEOUL, South Korea, May 12, 2023 -- Coway Co., Ltd. reported first-quarter 2023 consolidated revenue of 948.3 billion won, up 2.2 percent year over year, with operating profit of 175.6 billion won, up 1.7 percent. Domestic home-appliance revenue rose 3.7 percent to 580.4 billion won, aided by water purifiers and the...
Read full storySÃO PAULO, May 9, 2023 -- Natura &Co Holding reported first-quarter 2023 consolidated net revenue of 8.0 billion reais, up 3.4 percent at constant currency but down 2.8 percent in reais. Gross margin rose 370 basis points to 67.7 percent and adjusted EBITDA margin rose 330 basis points to 10.5 percent. Net loss was...
Read full storyLEHI, Utah, May 9, 2023 -- Nature's Sunshine Products reported first-quarter 2023 net sales of 108.6 million dollars, down 1.7 percent from 110.5 million dollars a year earlier, or up 2.4 percent in constant currency. GAAP net income was 1.3 million dollars, or 0.04 dollars per diluted share attributable to common s...
Read full storyTupperware Brands Corporation disclosed in a Form 8-K that on May 4, 2023 it appointed Brian J. Fox of Alvarez & Marsal as chief restructuring officer to help manage liquidity, operational efficiency, working capital and capital expenditures. The company also said it engaged Moelis & Company to explore strategic alt...
Read full storyEl Segundo, Calif., May 8, 2023 -- The Beachbody Company reported first-quarter 2023 revenue of 144.9 million dollars, down 27 percent from 198.9 million dollars a year earlier. Net loss narrowed to 29.2 million dollars from 73.5 million dollars, and adjusted EBITDA was a 0.9 million dollar loss versus a 19.1 millio...
Read full storyDULUTH, Ga., May 8, 2023 -- Primerica, Inc. reported first-quarter 2023 GAAP revenue of 690.0 million dollars, largely unchanged from a year earlier, with net income of 125.1 million dollars and diluted EPS of 3.38 dollars, up 16 percent. Diluted adjusted operating EPS was 3.49 dollars, up 18 percent, and adjusted n...
Read full storySalt Lake City, UT, May 4, 2023 -- LifeVantage Corporation reported fiscal third-quarter revenue of 53.7 million dollars for the period ended March 31, 2023, up 7.5 percent from a year earlier, or about 10.4 percent excluding currency. Americas revenue rose 18.2 percent, including a 19.5 percent increase in the Unit...
Read full storyPROVO, Utah, May 3, 2023 -- Nu Skin Enterprises reported first-quarter 2023 revenue of 481.5 million dollars, down 20 percent from a year earlier, including about 29 million dollars of foreign-currency impact. Diluted EPS was 0.23 dollars, or 0.37 dollars excluding 9.8 million dollars of restructuring and impairment...
Read full storyHONG KONG, May 3, 2023 -- Natural Health Trends Corp. reported first-quarter 2023 revenue of 11.9 million dollars, up 3 percent from 11.5 million dollars a year earlier, the company's first year-over-year sales increase since the third quarter of 2021. Operating loss was 394,000 dollars. Net income was 257,000 dolla...
Read full storyBELLINGHAM, Wash., May 2, 2023 -- eXp World Holdings, Inc., parent of eXp Realty, reported first-quarter 2023 revenue of 850.6 million dollars, down 16 percent from a year earlier. Gross profit was 73.1 million dollars. Net income was 1.5 million dollars, or 0.01 dollars per diluted share, and adjusted EBITDA was 13...
Read full storyThe U.S. Court of Appeals for the Second Circuit on May 2, 2023 partially vacated dismissal of a putative consumer class action against Young Living Essential Oils, LC over marketing of essential oils as "therapeutic-grade" and related health-benefit claims. In MacNaughton v. Young Living Essential Oils, the court h...
Read full storyLOS ANGELES, May 2, 2023 -- Herbalife Ltd. announced senior leadership changes effective July 1, 2023 as part of its succession management process. Mark Schissel will retire as chief operating officer after 16 years and move into a strategic advisory role. Frank Lamberti, previously regional president of the America...
Read full storyLOS ANGELES, May 2, 2023 -- Herbalife Ltd. reported first-quarter 2023 net sales of 1.252 billion dollars, down 6.3 percent from a year earlier, or 2.6 percent in constant currency. Reported net income was 29.3 million dollars and adjusted EBITDA was 128.9 million dollars. Diluted EPS was 0.29 dollars, or 0.54 dolla...
Read full storyBALTIMORE, May 1, 2023 -- Medifast, Inc., parent of OPTAVIA, reported first-quarter 2023 revenue of 349.0 million dollars, down 16.4 percent from 417.6 million dollars a year earlier. Independent active earning OPTAVIA Coaches fell 8.1 percent to 58,700, and revenue per active earning coach fell 9.0 percent to 5,945...
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