LR Global Holding GmbH, the parent company of direct selling organization LR Health & Beauty, announced third quarter 2023 sales of $70 million, a slight decrease (0.6%) from the same period in 2022. Sales for the first nine months of the year reached $222.8 million, representing a 4.6% growth rate compared to the first nine months of 2022. 

Telecom Plus, trading as Utility Warehouse, released its financial results for the first six months of 2023, reporting a 57% spike in revenue over the previous year’s period to $1.1 billion. Adjusted pre-tax profit was also up 36% to $54.7 million.

LifeVantage Corporation announced its financial results for the fiscal first quarter of 2024, ending September 30, 2023. Included in the report was revenue of $51.4 million, a 0.8% decrease from the same period in the prior year. Total active accounts dipped by 10.5% year-over-year, reflecting a 7.5% decline in the Americas and a 17.0% decline in Asia/Pacific & Europe.

Nature’s Sunshine Products, Inc. reported a 6% increase in Q3 2023 net sales compared to the same period in 2022, reaching $111.2 million. Operating income during the quarter increased to $5.8 million, or 5.2% of net sales, up from $5 million in the same period last year. 

Coway Co., Ltd. released its third quarter 2023 financial results, reporting third quarter operating profit of $148.9 million, an 18.3% year-over-year increase, and third quarter revenue of $768 million, a 3.9% increase from the same period last year.

Medifast, the parent company for direct selling organization OPTAVIA, released its financial results for the third quarter of 2023, reporting revenue of $235.9 million, a 39.6% decrease from the third quarter of 2022. Since the third quarter of 2022, the total number of active earning OPTAVIA coaches declined by 28.9% to 47,100, which the company views as the primary catalyst for recent revenue reduction.

eXp World Holdings, Inc., the holding company for eXp Realty, announced its financial results for the third quarter of 2023, posting overall revenue of $1.2 billion, a 2% decrease compared to the same quarter in 2022. Gross profit during the quarter decreased 10% to $83.6 million, while adjusted EBITDA increased 53% to $19 million, compared to Q3 2022.

Natural Health Trends Corp. announced the financial results for the third quarter of 2023, reporting revenue of $10.6 million, a 9% decline from the same quarter in 2022. The company attributes this decrease to the changes in deferred revenue in the two respective quarters, resulting in a $835,000 unfavorable revenue variance.

Nu Skin Enterprises Inc. reported third quarter 2023 revenue of $498.8 million, a 7% decline from the same period in 2022. Customer numbers declined by 21% to 978,907 with sales leader numbers dipping by 6% to 47,031.  “Our third quarter results were softer than expected as persistent macro-economic challenges in several of our key markets […]

Herbalife Ltd reported third quarter 2023 net sales of $1.3 billion, a slight decline (1.1%) from the same quarter in 2022, with net sales trends improving for three sequential quarters. Gross profit margin in the quarter was 76.3% and net income was $42.8 million. Adjusted EBITDA was $163.3 million, which includes approximately $2 million of […]

USANA Health Sciences, Inc. released its third quarter financial results, reporting net sales of $213 million, a 9% decline from $233 million during the same period of 2022, and a 10% decline sequentially.

Oriflame released its interim management statement for the first three quarters of the year, ending September 30, 2023. During the first nine months of the year, the company saw a 17% decrease in Euro sales to $585.2 million. Adjusted EBITDA during this time was $34.7 million.