Browse direct sales, network marketing and work-from-home news from August 2021.
eXp World Holdings said eXp Realty expanded into Germany under the eXp Germany banner. The company said it then operated in 18 countries and territories with more than 62,000 agents. Michael Valdes, president of eXp Global, said Germany is a large European real estate market and a next step after the company already...
Read full storyZinzino reported second-quarter total revenue of 322.4 million Swedish kronor, up 18 percent from 274.3 million kronor. EBITDA rose to 33.4 million kronor from 16.0 million kronor, and the EBITDA margin was 10.4 percent compared with 5.8 percent. Gross profit was 105.1 million kronor, a 32.6 percent margin, versus 7...
Read full storyOriflame published its interim management statement for the six months ended June 30, 2021 on August 25. Second-quarter euro sales fell 8 percent to 245.0 million euros from 265.8 million euros. Local-currency sales fell 2 percent. Adjusted EBITDA rose to 53.0 million euros from 39.9 million euros, and the adjusted ...
Read full storyGlobe Net Wireless Corp. reported that on August 19, 2021 it closed a merger agreement with privately held Stemtech Corporation. The public company acquired all of the Stemtech shares by issuing 37,060,000 post-split shares, about 85 percent of the shares outstanding after the split. For accounting purposes the deal...
Read full storyLifeVantage reported fiscal 2021 revenue of 220.2 million dollars, down 5.5 percent from 232.9 million dollars. Diluted earnings were 0.90 dollars a share, compared with 0.79 dollars. Adjusted earnings were 1.00 dollars a share, compared with 0.86 dollars. Adjusted EBITDA rose 3.7 percent to 24.8 million dollars. Th...
Read full storyPlexus Worldwide hired Jennifer Orlando as chief sales officer. She will set global sales strategy, lead sales efforts, and set revenue initiatives for current countries and new markets. She will be based at headquarters in Scottsdale, Arizona, and support ambassadors in the United States, Canada, Mexico, and Austra...
Read full storyThe Beachbody Company reported second-quarter revenue of 223.1 million dollars, up 2 percent from a year earlier and 21 percent from 2019. Digital revenue rose 20 percent to 94.3 million dollars. Nutrition and other revenue fell 8 percent to 128.8 million dollars. Digital subscriptions ended at 2.7 million, up 13 pe...
Read full storyNatura and Co reported second-quarter consolidated net revenue of 9.5 billion reais, up 36.2 percent in Brazilian reais and 31.7 percent in constant currency. Net income was 235 million reais. Adjusted EBITDA, excluding transformation costs, synergy costs, Avon acquisition effects, and other non-recurring items, ros...
Read full storyMannatech reported second-quarter net sales of 42.5 million dollars, up 4.9 million dollars, or 12.9 percent, from 37.6 million dollars. Operating income rose to 2.0 million dollars from 1.1 million dollars. Net income was 2.1 million dollars, or 0.99 dollars a diluted share, compared with 1.1 million dollars, or 0....
Read full storyCoway reported second-quarter revenue of 905.4 billion won, up 12.4 percent and the largest quarter in company history. Operating profit was 166.4 billion won, down 1.6 percent. Net profit was 115.8 billion won, down 2.6 percent. Chief financial officer Soon Tae Kim said new products and overseas subsidiaries suppor...
Read full storyPrimerica reported second-quarter total revenue of 654.7 million dollars, up 25 percent. Net income rose 26 percent to 128.2 million dollars. Diluted earnings were 3.22 dollars a share, up 28 percent. Return on stockholders equity was 26.3 percent. Adjusted operating earnings were 3.25 dollars a share, up 33 percent...
Read full storyNatures Sunshine Products reported second-quarter net sales of 109.0 million dollars, up 25 percent from 87.3 million dollars and a fourth straight record quarter. GAAP net income rose 11 percent to 6.8 million dollars, or 0.32 dollars a diluted share, from 6.1 million dollars, or 0.29 dollars. Adjusted EBITDA rose ...
Read full storyeXp World Holdings reported second-quarter revenue of about 1.0 billion dollars, up 183 percent from a year earlier. Gross profit rose 133 percent to 79.9 million dollars. Net income rose 350 percent to 37.0 million dollars, including a 20.6 million dollar income-tax benefit. Diluted earnings were 0.24 dollars a sha...
Read full storyTupperware Brands reported second-quarter net sales of 464.7 million dollars for the period ended June 26, 2021, up 17 percent, or 10 percent in local currency. GAAP diluted earnings were 0.67 dollars a share, compared with 1.30 dollars a year earlier, when results included large one-time items. Adjusted diluted ear...
Read full storyMedifast, the parent of Optavia, reported second-quarter revenue of 394.2 million dollars, up 79.2 percent from 220.0 million dollars. Net income rose 114.1 percent to 47.0 million dollars. Diluted earnings were 3.96 dollars a share, up 112.9 percent. Active earning Optavia coaches rose 62.2 percent to a record 59,2...
Read full storyNu Skin Enterprises reported second-quarter revenue of 704.1 million dollars, up 15 percent from 612.4 million dollars, including a 36.9 million dollar foreign-exchange benefit. Earnings were 1.15 dollars a share, up 42 percent from 0.81 dollars. Operating margin rose to 12.1 percent from 9.5 percent. Sales leaders ...
Read full storyNatural Health Trends reported second-quarter revenue of 16.2 million dollars, up 20 percent from 13.5 million dollars in the first quarter and down 2 percent from 16.4 million dollars a year earlier. Operating income was 385,000 dollars, compared with 220,000 dollars in the prior quarter and 183,000 dollars a year ...
Read full storyAmway named Francois Renard chief marketing officer, reporting to chief executive Milind Pant. Renard joined from Renault Group, where he was global chief marketing officer. He will be based in the leadership team of the Ada, Michigan company. In the role he is responsible for brands, products, and digital experienc...
Read full storyHerbalife Nutrition reported second-quarter net sales of 1.6 billion dollars for the period ended June 30, 2021, up 15 percent from a year earlier and the largest quarterly sales result in company history. Reported diluted earnings were 1.31 dollars a share and adjusted diluted earnings were 1.52 dollars, up 60 perc...
Read full storyThe Herbalife Nutrition board elected Alan W. LeFevre as lead independent director. Don Mulligan, a director and former executive vice president and chief financial officer of General Mills, will chair the audit committee. Maria Otero, who had been interim lead independent director, will keep the compensation commit...
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