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Nu Skin Q1 Revenue Down 13% To $471.8 Million
Nu Skin Enterprises, Inc. announced first-quarter results above guidance, with revenue of $471.8 million, compared to $543.3 million in the prior-year period.
Revenue was negatively impacted approximately 5 percent by foreign currency fluctuations.
Earnings per share for the quarter were $0.06, or $0.42 excluding a non-cash charge associated with a recent Japan customs ruling. This compares to earnings per share in the prior-year period of $0.60. The company also announced that it is raising its guidance for the year.
“Our first-quarter performance was in line with our expectations and we are optimistic about the impact of upcoming product launches, which began in April and will continue in the second quarter,” said Truman Hunt, president and chief executive officer.
“We are seeing an enthusiastic response to the introductions of ageLOC Youth and ageLOC Me, and we anticipate that these product launches will drive core business improvement throughout the remainder of 2016.”
The company’s operating margin was 1.7 percent, or 8.4 percent when excluding charges related to the Japan customs ruling, compared to 12.6 percent in the prior year. While the company has appealed the Japan customs ruling, a non-cash charge of $31.4 million, the full amount disputed, was recorded in the quarter.
Gross margin for the quarter was 70.8 percent, or 77.4 percent when excluding the customs expense, compared to 80.7 percent in the prior year. Both gross and operating margins were also negatively impacted by foreign currency fluctuations and lower revenue.
Selling expenses, as a percent of revenue, were 41.5 percent, compared to 43.1 percent in the first quarter of 2015. General and administrative expenses, as a percent of revenue, were 27.6 percent, compared to 25.0 percent in the prior-year period.
Foreign currency fluctuations were the primary reason for a loss of $2.9 million reported in other income/expense. The company’s effective income tax rate for the quarter was 37.3 percent, compared to 35.7 percent in the prior year.
Dividend payments during the quarter were $19.8 million and the company repurchased $20.0 million, or approximately 1 percent of its shares outstanding.
“We are in the early stages of a new product cycle and are looking forward to the continued roll out of ageLOC Me and ageLOC Youth in the second quarter, with additional product events scheduled in the back-half of the year,” said Hunt.
“In the second quarter, we have limited-time offers of ageLOC Me in Greater China and ageLOC Youth in South Asia, and we introduce ageLOC Me on a full-time basis in Japan,” concluded Hunt.
“We expect constant-currency revenue growth of 6 to 8 percent in the second quarter and are raising our revenue guidance for the year to $2.16 to $2.20 billion, assuming a negative foreign currency impact of 4 to 5 percent,” said Ritch Wood, chief financial officer.
The company’s regional revenue results for the three-month periods ended March 31 are presented in the following table.
The company’s regional actives and sales leader statistics are presented in the following table.
% Increase (Decrease)
“Actives” are persons who purchased products directly from the company during the previous three months.
“Sales Leaders” are independent distributors, and sales employees and independent marketers in China, who achieve certain qualification requirements.
Ana Cantera Hits Global Director With Total Life Changes Now Earning Over $100k Monthly
Total Life Changes’ newest and youngest Global Director is 28 year-old Ana Cantera from the Dominican Republic. She has impacted thousands of people from all around the world in less than a year with Total Life Changes.
Thanks to the powerful compensation plan that pays five different ways, she’s now able to make well over $100k monthly, apart from her husband, who is also National Director with TLC.
Ana Cantera summarizes her success with TLC: Fourteen months ago my husband and I were in a very difficult situation, being broken emotionally and economically after a very bad experience in a previous company. My husband and I agreed that we needed to pursue other sources of income.
We decided to open up a restaurant, but after consecutive months of operating our business in the red, we reconsidered our commitment to the MLM industry.
Although we had some very bad experiences in MLM, I still believed it was the best career and business in the world; it’s definitely my vocation, it’s what I love to do, to impact others and help them reach their dreams.
We looked at many companies just over a year ago, but thank God we knew Stormy Wellington from our prior business. She explained all the success she was having in TLC and how amazing this company was, so we decided to believe one more time and we went all in.
In less than a year, we can say that our lives and the lives of many people that believed in us have changed drastically, we are growing and expanding internationally. My husband Julio and I have attracted some great leaders and they are now part of our team, and we are taking this business to another level.
Ana Cantera has recently attended US Regional Events in the past three months as well as international ‘Super Sabado’ opportunity meetings.
Her spirit lights up the ballrooms and the content of her presentations are captivating thousands of guests each week. Ana expresses the importance of every distributor using the products first and having their own testimony in order to build a customer base.
“It is so important to use as many of the products as you can afford right as you are launching your business. It’s an investment in yourself and in your business; because your friends, your family and anyone on social media can track your results.
You will become your own marketing tool. You will have your own success story and this will attract customers. From there, we just teach duplication of following up with customers and sorting out which of them may be interested in joining our team and helping others improve their health, and restore their finances, even if it’s as little as $250 a week on a part-time basis, that’s $1,000 a month. For so many people, that is life-changing income,” adds Ana Cantera.
You can contact Ana Cantera at: www.trabajaconana.com
About Total Life Changes
Total Life Changes® offers an amazing line of health and beauty products along with a great business opportunity. Founder and CEO Jack Fallon created TLC over 16 years ago with a single product: Iaso® NutraBurst. We have continued to grow the Iaso® brand of products like our popular Iaso® Tea. Our hybrid binary system allows IBOs of TLC to be compensated quickly for introducing new reps to our products and business opportunity. We are dedicated to providing the greatest opportunity for you to feel healthier and flourish financially. Join us and thousands of others who have already started making Total Life Changes.
A New Zealand resort town is celebrating winning a bid to host a series of meetings for Michigan-based Amway Corp.’s China affiliate. It’s considered a major tourism victory for the island country in the southwestern Pacific Ocean.
Queenstown will host 10,000 elite Amway China distributors for what is being described as a series of five-day incentive trips in the last half of 2018.
The tourism contract is such a big windfall that New Zealand Prime Minister John Key, who does double duty as Minister of Tourism, announced the contract last week during a visit to China.
“This is by far the biggest incentive business New Zealand has ever won, and it sends a strong message that New Zealand is a serious contender in the global incentive market,” he is quoted as saying in a statement released to the media. “China is now our second-largest and fasting growing tourism market, contributing nearly NZ$1.7 billion to the economy in 2015. And Chinese tourists have the highest daily spend of any of our visitors.”
Hosting Amway China’s 2018 Leadership Seminar will generate $50 million in New Zealand currency, which roughly translates to $34 million in U.S. dollars.
Another $10 million is expected in personal spending by the Chinese visitors.
The deal not only is a boon for Queenstown but for the nation’s government-owned Air New Zealand, which is handling air transportation for the Amway visitors.
New Zealand is roughly a 14-hour flight from Amway China’s headquarters in Guangzhou in southern China.
The contract is through the Grand Rapids area-headquartered multi-level marketing giant’s affiliate, Amway China.
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Nature’s Sunshine Products to Announce First Quarter 2016 Financial Results and to Host Conference Call on Tuesday, May 10th
LEHI, Utah, April 26, 2016 (GLOBE NEWSWIRE) — Nature’s Sunshine Products, Inc. (NASDAQ:NATR), a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today announced that it will report its first quarter 2016 financial results for the period ended March 31, 2016, on Tuesday, May 10, 2016, at 4:00 p.m. Eastern Time. Members of Nature’s Sunshine Products’ senior management team will host a conference call that same day at 4:30 p.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investing section of the Company’s website at www.naturessunshine.com.
|Nature’s Sunshine Products’ First Quarter 2016 Conference Call Details|
|Date:||Tuesday, May 10, 2016|
|Time:||1:30 p.m. Pacific Time|
|2:30 p.m. Mountain Time|
|4:30 p.m. Eastern Time|
|Webcast:||Investor section of the Company’s website at www.naturessunshine.com|
For those unable to participate during the live broadcast, a replay of the call will also be available beginning that same day at 7:30 p.m. Eastern Time, until 11:59 p.m. Eastern Time, on Tuesday, May 24, 2016, by dialing 1-877-870-5176 (domestic) or 1-858-384-5517 (international) and entering the replay pin number: 13634141. The webcast will remain on the Investing section of Nature’s Sunshine Products’ website at: www.naturessunshine.com for 90 days.
How Wakaya Perfection and Todd Smith gutted YoungevityWhen a top affiliate of an MLM company departs after nineteen years, you expect some fallout. What you don’t expect though is systematical sabotage from within, an orchestrated campaign to run a company into the ground if you will – all in the name of launching a new venture. So alleges a March 23rd lawsuit, [Continue reading…]
Source: How Wakaya Perfection and Todd Smith gutted Youngevity
Read the full article and join in the discussion over at BehindMLM.http://behindmlm.com/companies/how-wakaya-perfection-and-todd-smith-gutted-youngevity/
OneCoin CEO Ruja Ignatova Statement On China Rumors
According to an anti-network marketing website a few OneCoin members in China are arrested and that website is publishing the news if the whole company is in trouble. They also mention a scheduled event in China is cancelled.
The people arrested are a few individuals who were primary in illegal fundraising and represented crypto currency somehow.
I have reached out to OneCoin CEO Ruja Ignatova and the management and they stated as follow:
“Of course we know about the challenges of an economy like China.
Cryptocurrency is extremely successful as the Chinese are well known as embracing innovations. So OneCoin is pushing hard and already working on several licenses to enhance the business in China.
Dr. Ruja Ignatova and OneCoin management have invited 2,500 Chinese members to Macau on the 9th of May. This is the second largest event in Macau in less than a year and replaces the Harbin event that was planned for March.
The request to place the event in Macau instead of Harbin was requested by the Chinese members themselves.
OneCoin presents new exciting developments for 2016, where usability plays the biggest role. China has an excellent outlook for OneCoin in the coming years and stands out as the largest reserve Cryptocurrency not only in China but all over the world.
Independent Marketing Agents are responsible for presenting the OneAcademy educational products and the cryptocurrency project in a correct way. All agents sign the Terms and Conditions and lead by those rules and regulations.
OneAcademy and the educational products have recently been rolled out in Chinese language among many other languages. This is a further development for people to get first class education on trading with different asset classes among them specifically with cryptocurrency.
OneCoin drives the future of payments and is a world-wide leader in its industry and asset class with close to 2 million members all participating in mining the coin and creating supply.”
OneCoin is headquartered in Europe with worldwide operations. We focus on core markets such as South East Asian countries, Europe, India and Africa. The company is committed to growth and is opening new regional offices worldwide. The fast expansion is due to the growth of its traders and we have set the goal of creating a market with more than 1 million traders and issuing 2.1 Billion OneCoins.
OneCoin is more than just a cryptocurrency. To make it successful and unique, we have created a whole concept and universe to make One a market leader in the crypto world. We offer core financial education on crypto-currency in the OneAcademy, an online exchange, and we partner with one of the hottest and newest hybrid crypto-currencies – the Aurum coin. OneCoin uses the latest cryptographic technology and security standards and has a solid marketing concept – enhanced by the OneLife Plan.
We offer a high-income opportunity with an extensive bonus program connected to the best lifestyle awards. We offer our traders a one time opportunity to profit from holding the two of the hottest and most innovative products in the emerging crypto-currency market – OneCoins and Aurum Gold Coins, an unique hybrid currency that is backed up by real and solid gold.
PLEASANT GROVE — A letter sent to customers and distributors from doTERRA, the Utah-based essential oil company, is warning that an apparent data breach last month may have compromised their personal information.
A letter dated April 18 explains that a breach of doTERRA’s third-party data hosting and software service provider may have accessed the names, Social Security or identification numbers, payment card information, dates of birth, postal and email addresses, telephone numbers, usernames and passwords.
In a statement, a doTERRA representative said the company is working with law enforcement, security professionals and the affected vendor as the case is investigated.
The company has not identified how many people may have been affected by the breach. Kirk Jowers, vice president of corporate relations, said not all of doTERRA’s customers or distributors were affected, and those who were impacted did not all have the same information potentially compromised.
The company has reached out by mail to anyone whose data may have been accessed, Jowers said. Those affected were primarily in the United States, with a limited number of individuals impacted in Canada and internationally, he added.
So far, there is no evidence that any personal information has been used criminally, according to Jowers.
“Even if this issue only affected one person, it would be important to us,” he said.
The letter, signed by doTERRA CEO David Sterling, says doTERRA was working to secures its systems prior to the breach.
“We take our obligation to safeguard your personal information very seriously. Be assured that we at doTERRA are taking extensive measures to protect your information and have engaged industry-leading security firms to assist us. doTERRA also has been investing heavily for some time now to implement its own state-of-the-art systems to support growth and expansion and enhance security. These efforts continue to proceed on track,” the letter indicates.
Those receiving the letter were advised to review their accounts, register for two years of credit monitoring services provided by doTERRA, and change their passwords to doTERRA accounts.
Customers and distributors who didn’t receive a letter were not impacted, Jowers said.
Following the breach, a Facebook group named Essential Community acknowledged the issue in an April 23 post and recommended a blend of essential oils to alleviate stress.
“As we are dealing with the data breach for ourselves, our teams and our Facebook community we decided a blend was needed! Although it started out to help us laugh it actually is a great calming and encouraging blend! Enjoy!” the post read.
By Leo Galland, M.D., Author, The Allergy Solution
Are you tired all the time, and don’t know why? Do you have headaches or joint pain or brain fog or digestive problems? Have you put on weight and find that you just can’t lose it? I want to explore with you the unsolved mystery of those common complaints that just won’t go away. In my experience, allergy is often the cause.
Maybe you never thought you had allergies. No runny nose, no itchy skin. Although it might come as a surprise, I have discovered that a hidden allergy is the underlying reason for just about any health issue, because allergies come from something we all share: the immune system.
The rise of allergies is directly attributable to our immune systems being out of balance and reacting to a modern witches’ brew of fast food, stress, chemicals, pollution, and compromised gut health.
Did you know that only one person in 30 had allergies only 50 years ago? Today that number is one in three and rising. The allergy epidemic spreading like wildfire throughout the world is getting worse, with 1 billion people suffering from allergies today.
I have found, in my clinical practice, that we need to do more than merely ask “What are you allergic to?” We need to instead ask: (1) Why are you allergic?; (2) Why have your allergies become worse; and (3) What are the underlying imbalances in your body that open the door to annoying and persistent allergic symptoms?
Hidden allergies emerge
Finding answers to these foundational questions helps us to uncover what we now know to be hidden allergies. A hidden allergy is commonly at the core of your once mysterious health concerns.
Have you experienced or do you have one or more of the following:
- Weight gain?
- Muscle aches or joint pain
- Depression or anxiety?
- Constipation or diarrhea?
- Brain fog?
The culprit could be allergy
While not many are fully aware that allergy can play a pivotal role in these and other health problems, it was this very search for answers to common, yet previously undiagnosed, conditions that inspired me to write The Allergy Solution: Unlock the Surprising, Hidden Truth About Why You Are Sick and How to Get Well.
In my practice, I’ve seen chronic conditions that were previously diagnosed as psychiatric disorders, autoimmune diseases or many other conditions that wind up being allergic in origin.
Taking on allergy with new approaches
We already know the misery that allergies can create. Fortunately, once we find out what is causing or activating them, “The case is afoot,” as Sherlock Holmes would have said!
Allergy has such a far-reaching impact on so many people with so many different problems. But your immune system needs to know when to fight and when not to fight. It needs balance.
My program helps you learn why your immune system is out of balance, so that you can restore its harmony and overcome allergies.
The secret to my program lies in the interaction between what you eat and the environments in which you live. There are 3 levels of environment that matter:
- the outdoor environment that we all share;
- the indoor environment, where we spend 90 percent of our time; and
- the internal environment within our digestive tracts.
Each of these plays a critical role in your immune system, especially with the cells that naturally prevent allergies. They’re called regulatory T-cells, or T-regs.
If you suffer from allergies, your T-regs are broken. My program is designed to help you overcome allergy by restoring the power of your T-regs.
Article Source: https://www.citizens.org/5657-2/
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