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December 01, 2010

Financial News

Financial News, December 2010


Take Shape For Life Revenue Up 53%

Medifast Inc. (MED—NYSE) reported net revenue increased 46 percent year-over-year to $67.3 million compared to $46.1 million in 2009. In the direct selling segment, Take Shape For Life revenue increased 53 percent year-over-year to $43.7 million, and active health coaches increased 55 percent to 9,000 coaches compared to 5,800 last year. Diluted earnings per share increased 70 percent to 39 cents, compared to 23 cents last year.

Medifast is the leading easy-to-use, clinically proven portion-controlled weight-loss program. The company sells its products and programs via four unique distribution channels: the Web and national call centers, the Take Shape For Life direct selling division, a national network of physicians, and medically supervised Medifast Weight Control Centers.

Herbalife Ltd.

Herbalife Ltd. (HLF—NYSE) reported that third quarter net sales increased 14.7 percent to $688.4 million. Net income was $72.5 million, or $1.17 per diluted share, representing increases of 34.1 percent and 37.6 percent, respectively, compared to $54.1 million or 85 cents per diluted share in the third quarter of 2009.

The company reported that its board of directors approved a 25 cents per share dividend to shareholders of record Nov. 15, 2010, payable on Nov. 29, 2010.

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 73 countries through a network of more than 2.1 million independent distributors.

Pre-Paid Legal Services Inc.

Pre-Paid Legal Services Inc. (PPD—NYSE) announced net income for the third quarter, ended Sept. 30, 2010, increased 46 percent to $15.9 million from $10.8 million for the prior year’s third quarter, primarily due to a $7.6 million decrease in commissions, an $811,000 decrease in membership benefits partially offset by a $3.1 million increase in provision for income taxes. Diluted earnings per share increased 63 percent to $1.61 per share from 99 cents per share for the prior year’s comparable quarter.

Net income for the first nine months of 2010 increased 17 percent to $51.1 million vs. $43.7 million for the first nine months of 2009, primarily due to the $1.5 million increase in membership fees, a $1.8 million increase in associate services revenue, $5.2 million decrease in commissions, a $1.5 million decrease in membership benefits, a $1.4 million decrease in associate services and direct marketing cost and a $1.8 million decrease in general and administrative expenses partially offset by a $5.2 million increase in provision for income taxes. Diluted earnings per share increased 30 percent to $5.13 vs. $3.95.

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.

RBC Life Sciences Inc.

RBC Life Sciences Inc. (RBCL—OTC BB) reported consolidated net sales of $6.1 million for the third quarter ended Sept. 30, 2010, compared to net sales of $6.5 million for the same period during 2009. For the third quarter of 2010, the company reported net earnings of $133,000, or 1 cent per share, compared to a net loss of $152,000, or 1 cent per share, during the same quarter in 2009.

Net sales for the nine months ended Sept. 30, 2010, increased 9 percent to $20.9 million compared to net sales of $19.3 million during the same period in 2009. Net earnings for the nine months ended Sept. 30, 2010, were $517,000, or 2 cents per share, an improvement of $563,000 compared to the net loss of $46,000, or nothing per share, during the same period in 2009.

RBC Life Sciences develops, manufactures and markets high-quality nutritional supplements and personal care products to a growing population of consumers seeking wellness and a healthy lifestyle.

Nu Skin Enterprises Inc.

Nu Skin Enterprises Inc. (NUS—NYSE) announced revenue for the three- and nine-month periods ended Sept. 30, 2010, increased 15 percent and 19 percent to $383.6 million and $1.14 billion, respectively, when compared to the same periods in 2009. Earnings per share for the third quarter and first nine months of 2010 were 55 cents and $1.53, compared to 40 cents and 93 cents, respectively, for the same periods in 2009.

The company’s board of directors has declared a quarterly dividend of 12.5 cents per share, paid Dec. 8, 2010, to stockholders of record on Nov. 26, 2010.

Nu Skin Enterprises Inc. is a global direct selling company operating in 50 markets worldwide with a salesforce of more than 785,000. 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.

USANA Health Sciences Inc.

USANA Health Sciences Inc. (USNA—Nasdaq) announced record financial results for its fiscal third quarter ended Oct. 2, 2010. Net sales in the third quarter of 2010 increased 21.9 percent to $135 million, compared with $110.7 million in the third quarter of the prior year. Net earnings in the third quarter of 2010 increased to $12.8 million, or 79 cents per share, compared with $7.9 million, or 51 cents per share, in the third quarter of the prior year, representing a 54.9 percent increase.

For the nine months ended Oct. 2, 2010, net sales increased by 18.7 percent to $380.1 million, compared with $320.2 million for the first nine months of the prior year. Additionally, favorable changes in currency exchange rates accounted for $17.4 million of the increase in net sales for the first nine months of 2010. Net earnings for the first nine months of 2010 increased to $33.3 million, or $2.11 per share, compared with net earnings of $23.3 million, or $1.51 per share, for the first nine months of 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.

Avon Products Inc.

Avon Products Inc. (AVP—NYSE) reported third-quarter 2010 total revenue of $2.7 billion, 4 percent higher than that of third-quarter 2009. Constant dollar sales rose 6 percent as foreign exchange reduced growth by 2 percentage points. Acquisitions contributed 2 percent to revenue growth in the quarter. Beauty sales in the third quarter of 2010 were up 3 percent versus the prior-year period, and increased 5 percent on a constant dollar basis.

The company declared a regular quarterly dividend on its common stock of 22 cents per share, payable Dec. 1, 2010, to shareholders of record Nov. 16, 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.

Relìv International Inc.

Relìv International Inc. (RELV—Nasdaq) reported consolidated net sales of $18.7 million for the third quarter of 2010, compared to net sales of $20.9 million in the third quarter of last year. Net income for the quarter was $172,000 compared to net income of $324,000 in the third quarter of last year. Diluted earnings per share were 1 cent, compared to 3 cents in the same quarter last year.

For the first nine months of 2010, net sales were $60.2 million, compared to $64.7 million in the first nine months of 2009.

The company also declared a dividend of 2 cents per share to all holders of record as of Nov. 22, 2010, to be paid on or about Dec. 2, 2010.

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 64,000 independent distributors.

Primerica Inc.

Primerica Inc. (PRI—NYSE) announced total revenues of $241.2 million for the third quarter of 2010. Net income was $39.6 million for the same quarter, or 52 cents per diluted share. The company approved payment of a quarterly dividend of one cent, payable on Dec. 10, 2010, to stockholders of record as of Nov. 24, 2010.

Primerica, headquartered in Duluth, Ga., is a leading distributor of financial products to middle-income households in North America with approximately 100,000 licensed representatives. The company and its representatives offer clients term life insurance, mutual funds, variable annuities and other financial products.

Tupperware Brands Corporation

Tupperware Brands Corporation (TUP—NYSE) reported third quarter 2010 sales increased in local currency by 3 percent versus 2009. Adjusted diluted earnings per share of 64 cents in the quarter were 10 cents better than 2009, including the foreign currency benefit of 1 cent.

The company also announced that its board of directors declared a 30 cent dividend, payable to shareholders of record as of Dec. 17,  2010, that will be paid on Jan. 4, 2011.

Tupperware Brands Corp. is a global direct selling company with an independent sales force of 2.5 million.

Mannatech Inc.

Mannatech Inc. (MTEX—NASDAQ) reported a net loss of $1.3 million or 5 cents per diluted share for the third quarter ending  Sept. 30, 2010, compared to a net loss of $9.2 million or 35 cents per diluted share for the third quarter of 2009. Third quarter net sales for 2010 were $54.9 million, a decrease of 23.0 percent, compared to $71.3 million in the third quarter of 2009.

For the nine months ended Sept. 30, 2010, net sales were $173.1 million, down 21.2 percent from $219.6 million for the same period in 2009. The company reported a net loss for the nine- month period of $7.9 million, compared to last year’s nine-month net loss of $19.5 million.

Mannatech Inc. is a global wellness-solutions provider of innovative, high-quality, proprietary dietary supplements, skincare products, and weight and fitness products sold through independent associates and members worldwide.

YTB International Inc.

YTB International Inc. (YTBLA—OTC BB) announced total net revenue for the third quarter of 2010 was $9.9 million, compared to $15.9 million for the third quarter of 2009. The company’s total net revenue for the nine-month period ended Sept. 30, 2010, was $28.0 million, compared to $55.3 million for the same period in 2009.

YTB International Inc. provides Internet-based travel-booking services for home-based independent representatives in the United States, Puerto Rico, the Bahamas, Canada, Bermuda and the U.S. Virgin Islands. The company operates through two subsidiaries: ZamZuu Inc. (formerly YTB Marketing Inc. and YourTravelBiz.com Inc.) and YTB Travel Network Inc.


First-Quarter 2011

LifeVantage Corp.

LifeVantage Corp. (LFVN.OB—OTC BB) announced net revenue of approximately $6.4 million for the three-month period ended Sept. 30, 2010, which represents a $4.6 million or 247 percent increase over net revenue from the same quarter last fiscal year, and a $2.0 million, or 45 percent, sequential increase over net revenue from the fourth fiscal quarter of 2010.

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


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.