Amway Reports 2023 Sales of 7.7 Billion Dollars, Down 5 Percent
ADA, Michigan -- March 5, 2024
Amway reported global sales of 7.7 billion dollars for 2023, down 5 percent from the prior year, which the company attributed to the strong U.S. dollar and its exit from Russia.
Nutrition remained the company's largest category, with the Nutrilite brand accounting for about 60 percent of sales. Nutrition sales grew 3 percent.
Amway said it has invested more than 100 million dollars over three years in its manufacturing operations in Ada, including tableting operations at its Spaulding facility, new pilot and quality control laboratories, and a renovation of about 90,000 square feet.
Chief Executive Milind Pant said Amway is committed to empowering millions of Amway Business Owners to help a billion people improve their healthspan.
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