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April 01, 2010

Financial News

Financial News, April 2010


Second-Quarter 2010

LifeVantage Corp.

LifeVantage Corporation (LFVN—OTC Bulletin Board) announced that the company recorded an increase of more than 30 percent in net revenue over the first fiscal quarter of 2010, or approximately $2.5 million for the three-month period ended Dec. 31, 2009. For the three-month period ended Dec. 30, 2008, the company recorded net revenue of approximately $578,000.

LifeVantage Corporation is a publicly traded, science-based, natural products company, dedicated to helping people reach their health and wellness goals through science-based solutions to oxidative stress. Founded in 2003 and based in San Diego, Calif., LifeVantage develops nutraceutical products, including Protandim®, intended to deliver significant health benefits to consumers. 


Fourth-Quarter and Year-End 2009 Results

Herbalife Ltd. Up 23 Percent for Fourth Quarter 2009

Herbalife Ltd. (HLF—NYSE) reported fourth-quarter net sales increased 23.0 percent to $630.9 million and local currency net sales increased 15.8 percent, compared to the same period in 2008. For the quarter ended Dec. 31, 2009, the company reported net income of $55.7 million, compared to $33.7 million in the fourth quarter of 2008.

Fourth-quarter adjusted net income was $61.7 million, or $0.98 in adjusted diluted earnings per share, reflecting an increase of 42.3 percent and 42.0 percent, respectively, compared to the same period in 2008.

For the 12 months ended Dec. 31, 2009, the company reported net sales of $2.3 billion, a 1.5 percent decline primarily due to the negative impact of foreign currency fluctuations, whereas in local currency, net sales for fiscal 2009 increased 5.1 percent, compared to fiscal 2008.

“We are proud that despite the difficult economic climate of 2009, we were able to achieve record local-currency sales results, and we are excited about our positive momentum going into 2010,” said Herbalife Chairman and CEO Michael O. Johnson. “The Herbalife opportunity addresses two of the largest global challenges facing society today: health and a source of income. We will continue to provide the best nutrition products with proven ingredients, and to provide the tools our distributors need to build their businesses.”

The North America region reported volume points of 185.3 million in the fourth quarter of 2009, reflecting an increase of 12.8 percent versus the same period of 2008. The Asia- Pacific region reported volume points of 152.1 million in the fourth quarter of 2009, reflecting an increase of 34.4 percent over the same period of 2008. The Europe, Middle East and Africa (EMEA) region reported volume points of 115.5 million in the fourth quarter of 2009, reflecting an increase  of 0.6 percent versus the same period of 2008. The Mexico region reported volume points of 122.4 million in the fourth quarter of  2009, reflecting an increase of 8.4 percent versus the same period of 2008. The South and Central America region reported volume points of 109.2 million in the fourth quarter of 2009, reflecting an increase of 10.2 percent versus the same period of 2008. The China region reported volume points of 29.4 million in the fourth quarter of 2009, reflecting a decrease of 6.8 percent over the same period of 2008.

Herbalife is a global network marketing company that sells weight-management, nutritional and personal-care products intended to support a healthy lifestyle. Herbalife products are sold in 72 countries through a network of more than 2 million independent distributors.

Relìv International Inc.

Relìv International Inc. (RELV—Nasdaq) reported its fourth- quarter and full-year 2009 earnings. Earnings per share increased in the fourth quarter of 2009 compared to the same quarter in 2008.

Net sales for the fourth quarter of 2009 equaled $20.7 million, a decline of 6.5 percent compared to the fourth quarter of 2008. Net sales for full-year 2009 were $85.4 million, compared to $98.2 million in 2008.

As of Dec. 31, 2009, Relìv had approximately 67,940 distributors, up approximately 1 percent from Dec. 31, 2008. Relìv distributors outside of the United States totaled 13,900 as of Dec. 31, 2009, up slightly compared to Dec. 31, 2008.

Relìv International Inc., based in Chesterfield, Mo., is a developer, manufacturer and marketer of a proprietary line of nutritional supplements. Relìv sells its products through an international network marketing system of approximately 67,940 independent distributors.

USANA Health Sciences Inc.

USANA Health Sciences Inc. (USNA—NASDAQ) announced that net sales in the fourth quarter of 2009 improved 5.2 percent to a record $116.8 million, compared with $111.1 million in the fourth quarter of the prior year. The fourth quarter of 2008 was a 14-week quarter and included, comparatively, one additional week of sales. Net sales for the fourth quarter of 2009 increased year-over-year by 12.2 percent. Net earnings in the fourth quarter were $10.2 million, or 66 cents per share, compared with $4.5 million, or 29 cents per share, in the fourth quarter of the prior year.

In the full-year ended Jan. 2, 2010, net sales increased by 1.8 percent to a record $436.9 million, compared with $429.0 million in the prior year.

USANA develops and manufactures high-quality nutritional, personal-care and weight-management products that are sold directly to preferred customers and associates worldwide.

Pre-Paid Legal Services Inc.

Pre-Paid Legal Services Inc. (PPD—NYSE) announced that net income for the fourth quarter of 2009 decreased 23 percent to $11.4 million from $14.7 million for the prior year’s fourth quarter. Diluted earnings per share for the 2009 fourth quarter decreased 15 percent to $1.08 per share, from $1.27 per share for the prior year’s comparable quarter, due to a decrease in net income of 23 percent and a decrease of 9 percent in the weighted average outstanding shares. Membership revenues in the fourth quarter of 2009 decreased to $108.6 million from $109.0 million for the same period last year.

Net income for the full year of 2009 decreased 8 percent to $55.1 million, from $60.2 million for 2008. Membership revenues for 2009 were down 2 percent to $426.4 million, from $436.8 million for the prior year.

Pre-Paid Legal Services® Inc. offers legal service benefits plans provided through a network of more than 50 independent law firms across the United States and Canada.


Dividend Report

Avon Products Inc.

Avon Products Inc. (AVP—NYSE) announced a 5 percent increase in its regular quarterly dividend. The new dividend rate will be 22 cents per common share, up from 21 cents per share, beginning with the first-quarter dividend payable March 1, 2010, to shareholders of record Feb. 23, 2010.

Avon, the company for women, is a leading global beauty company, with more than $10 billion in annual revenue. As the world’s largest direct seller, Avon markets to women in more than 100 countries through more than 6.2 million independent Avon sales representatives.

Nu Skin Enterprises

Nu Skin Enterprises Inc. (NUS—NYSE) announced that its board of directors declared a 9 percent increase in the quarterly cash dividend to 12.5 cents per share. Annually, this would increase the dividend to 50 cents, up from 46 cents in the prior year. The increase begins in the first quarter and will be paid on March 17, 2010, to shareholders of record on Feb. 26, 2010.

Nu Skin Enterprises Inc. is a global direct selling company operating in 48 markets throughout Asia, the Americas and Europe, with a salesforce of more than 760,000. The company markets premium-quality personal-care products under the Nu Skin® brand, science-based nutritional supplements under the Pharmanex® brand, and technology-based products and services under the Big Planet® brand.

Tupperware Brands Corp.

Tupperware Brands Corp. (TUP—NYSE) announced that its board of directors declared the company’s regular quarterly dividend of 25 cents per share, payable on April 2, 2010, to shareholders of record as of March 18, 2010.

Tupperware Brands Corporation is a portfolio of global direct selling companies, selling premium innovative products across multiple brands and categories through an independent salesforce of 2.4 million.

Herbalife Ltd.

Herbalife Ltd. (HLF—NYSE) reported that its board of directors approved a quarterly cash dividend of 20 cents per share to shareholders of record effective March 2, 2010, payable on March 16, 2010.

Herbalife is a global network marketing company that sells weight-management, nutritional supplements and personal-care products intended to support a healthy lifestyle. Herbalife products are sold in 70 countries through a network of more than 1.9 million independent distributors.

 


Direct Selling News has accumulated this information from public sources, including press releases and SEC filings. The information is presumed accurate and reliable. However, it is not an endorsement of any investment opportunity. Proper and considerable due diligence should be completed before making any investment.