Browse direct sales, network marketing and work-from-home news from August 2023.
GOTHENBURG, Sweden, Aug. 31, 2023 -- Zinzino AB reported second-quarter 2023 total revenue of 407.9 million kronor, up 24 percent from 329.5 million kronor a year earlier. EBITDA rose to 53.7 million kronor from 20.1 million kronor, for a 13.2 percent margin compared with 6.1 percent. Gross profit margin was 36.4 pe...
Read full storySÃO PAULO, Aug. 30, 2023 -- Natura &Co Holding said it completed the sale of Aesop to L'Oréal for a final enterprise value of 2.58 billion dollars after obtaining all customary regulatory approvals. The transaction was initially announced April 3, 2023. Group chief executive Fabio Barbosa said Aesop expanded globa...
Read full storySalt Lake City, UT, August 28, 2023 -- LifeVantage Corporation reported fiscal fourth-quarter revenue of 54.2 million dollars for the period ended June 30, 2023, up 6.4 percent from a year earlier, or about 7.8 percent excluding currency. Americas revenue rose 17.9 percent, including an 18.6 percent increase in the ...
Read full storySÃO PAULO, Aug. 14, 2023 -- Natura &Co Holding reported second-quarter 2023 consolidated net revenue of 7.8 billion reais, up 1.9 percent at constant currency but down 4.1 percent in reais. Gross margin rose 430 basis points to 65.4 percent and adjusted EBITDA margin rose 230 basis points to 9.7 percent. Net loss w...
Read full storyFLOWER MOUND, Texas, August 14, 2023 -- Mannatech, Incorporated reported second-quarter 2023 net sales of 32.6 million dollars, down 6.8 percent from 35.0 million dollars a year earlier, or 4.0 percent in constant currency after about 1.0 million dollars of unfavorable foreign exchange. Operating loss was 1.0 millio...
Read full storyLEHI, Utah, Aug. 9, 2023 -- Nature's Sunshine Products reported second-quarter 2023 net sales of 116.5 million dollars, up 12 percent from 104.2 million dollars a year earlier, or 14 percent in constant currency. GAAP net income attributable to common shareholders was 2.4 million dollars, or 0.12 dollars per diluted...
Read full storySEOUL, South Korea, Aug. 9, 2023 -- Coway Co., Ltd. reported second-quarter 2023 consolidated revenue of 1,006.2 billion won, up 2.9 percent year over year, with operating profit of 194.2 billion won, up 10.3 percent. Domestic health-appliance revenue rose 2.9 percent to 590.4 billion won, aided by water purifiers, ...
Read full storyEl Segundo, Calif., August 8, 2023 -- The Beachbody Company reported second-quarter 2023 revenue of 134.9 million dollars, down 25 percent from 179.1 million dollars a year earlier. Net loss narrowed to 25.7 million dollars from 41.9 million dollars, and adjusted EBITDA was a 4.8 million dollar loss versus a 1.5 mil...
Read full storyDULUTH, Ga., August 7, 2023 -- Primerica, Inc. reported second-quarter 2023 GAAP revenue of 688.4 million dollars, up 3 percent from a year earlier, with net income of 144.5 million dollars and diluted EPS of 3.97 dollars, up 20 percent. Diluted adjusted operating EPS was 3.99 dollars, up 18 percent, and adjusted ne...
Read full storyBALTIMORE, August 7, 2023 -- Medifast, Inc., parent of OPTAVIA, reported second-quarter 2023 revenue of 296.2 million dollars, down 34.7 percent from 453.3 million dollars a year earlier. Independent active earning OPTAVIA Coaches fell 21.9 percent to 53,100, and revenue per active earning coach fell 16.3 percent to...
Read full storyORLANDO, Fla., Aug. 3, 2023 -- Tupperware Brands Corporation said it finalized a Debt Restructuring Agreement with its lenders effective August 2, 2023, restructuring credit facilities to improve liquidity for its turnaround. The company said the deal provides for reduction or reallocation of about 150 million dolla...
Read full storyBELLINGHAM, Wash., Aug. 3, 2023 -- eXp World Holdings, Inc., parent of eXp Realty, reported second-quarter 2023 revenue of 1.233 billion dollars, down 13 percent from a year earlier. Gross profit was 96.5 million dollars. Net income was 9.4 million dollars, or 0.06 dollars per diluted share, and adjusted EBITDA was ...
Read full storyHONG KONG, August 2, 2023 -- Natural Health Trends Corp. reported second-quarter 2023 revenue of 10.5 million dollars, down 21 percent from 13.4 million dollars a year earlier. Operating loss was 743,000 dollars. Net loss was 219,000 dollars, or 0.02 dollars per diluted share, versus net income of 183,000 dollars a ...
Read full storyLOS ANGELES, August 2, 2023 -- Herbalife Ltd. said it appointed Stephan Paulo Gratziani, a longtime independent distributor and Founder's Circle member, as chief strategy officer effective August 4, 2023. Gratziani will report to chairman and chief executive Michael Johnson and help advance strategic initiatives inc...
Read full storyLOS ANGELES, August 2, 2023 -- Herbalife Ltd. reported second-quarter 2023 net sales of 1.314 billion dollars, down 5.7 percent from a year earlier, or 4.2 percent in constant currency. Reported net income was 59.9 million dollars and adjusted EBITDA was 169.6 million dollars. Diluted EPS was 0.60 dollars, or 0.74 d...
Read full storyPROVO, Utah, Aug. 1, 2023 -- Rhyz Inc., the strategic investment arm of Nu Skin Enterprises, said it acquired BeautyBio, a clean and clinically proven skincare and beauty-device brand founded by Jamie O'Banion in 2011. BeautyBio will continue to operate independently as an omnichannel brand headed by O'Banion while ...
Read full storyPROVO, Utah, Aug. 1, 2023 -- Nu Skin Enterprises reported second-quarter 2023 revenue of 500.3 million dollars, down 11 percent from 560.6 million dollars a year earlier, including about 16.4 million dollars of foreign-currency impact. Diluted EPS was 0.54 dollars compared with 0.67 dollars, or 0.77 dollars excludin...
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