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September 02, 2010

Financial News

Financial News, September 2010


Second-Quarter 2010 Results

Herbalife Ltd. Announces Record Second Quarter

Herbalife Ltd. (HLF—NYSE) reported second-quarter net sales increased 20.5 percent to $688.8 million. The record revenue reflects volume point growth of 19.9 percent and an increase in average active sales leaders of 11.9 percent, both compared to the second quarter of 2009. For the quarter ended June 30, 2010, the company reported net income of $81.9 million, or $1.32 per diluted share, compared to $48.3 million or 77 cents per diluted share in the second quarter of 2009.

“This quarter our distributors have truly outdone themselves and delivered the three highest months of volume in our 30-year history, which far exceeded even our most optimistic expectations,” said Chairman and Chief Executive Officer Michael O. Johnson. “These results demonstrate the opportunity in front of us as our distributors continue to build sustainable businesses with long-term customers.”

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.

Tupperware Brands Corp.

Tupperware Brands Corporation (TUP—NYSE) reported second-quarter 2010 sales increased in local currency by 6 percent versus 2009, from $524.7 million for the same quarter in 2009 to $565.1 million. Net income for the quarter was $57.9 million versus $33.1 million for the second quarter of 2009. Diluted earnings per share for the quarter were 90 cents per share versus 52 cents per share for the same quarter last year.

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

Nu Skin Enterprises Inc.

Nu Skin Enterprises Inc. (NUS—NYSE) announced record quarterly results, with revenue of $388.4 million for the second quarter, a 20 percent improvement over the prior-year period. Quarterly revenue was positively impacted 4 percent by foreign currency fluctuations. Earnings per share for the quarter were 50 cents, a 43 percent improvement, or 39 percent when excluding prior-year restructuring charges of approximately one cent.

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.

Avon Products Inc.

Avon Products Inc. (AVP—NYSE) reported second-quarter 2010 total revenue of $2.7 billion, 8 percent higher than that of the second quarter of 2009. Net income in the second quarter of 2010 was $168 million, or 39 cents per share, compared with $83 million, or 19 cents per share, in the year-ago quarter. Active representatives grew 5 percent.

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

Relìv International Inc. (RELV—Nasdaq) reported consolidated net sales of $18.8 million for the second quarter of 2010, compared to net sales of $20.1 million in the second quarter of last year. Net income was $206,000 compared to net income of $410,000 in the second quarter of last year. Diluted earnings per share totaled 2 cents in the second quarter this year compared to 3 cents in the same quarter last year. Relìv’s total distributor count as of June 30 was approximately 64,000 compared to 68,000 a year earlier.

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.

USANA Health Sciences

USANA Health Sciences Inc. (USNA—NASDAQ) announced net sales in the second quarter of 2010 improved 12.4 percent to $126.0 million, compared with $112.1 million in the second quarter of the prior year. Net earnings in the second quarter of 2010 increased 22.5 percent to $10.8 million, or 69 cents per share, compared with $8.8 million, or 57 cents per share, in the second quarter 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.

Pre-Paid Legal Services Inc.

Pre-Paid Legal Services Inc. (PPD—NYSE) announced net revenue for the second quarter of 2010 totaled $114.1 million versus $112.4 million for the same quarter last year. Net income for the second quarter of 2010 increased 4 percent to $16.5 million from $15.8 million for the prior year’s second quarter. Diluted earnings per share increased 15 percent to $1.65 per share from $1.44 per share for the prior year’s comparable quarter.

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.

Immunotec Inc.

Immunotec Inc. (IMM—TSX VENTURE) reported second-quarter 2010 net earnings of $193,000 for the quarter ending April 30, 2010, compared to a loss of $618,000 for 2009. After six months, net earnings achieved $403,000 compared to a loss of $819,000 last year. Active distributors are up 15 percent to 28,700 after the first 6 months of the year. During the quarter, network sales reached $8.5 million in 2010 compared to $10.3 for the same period in 2009, a decline of $1.8 million or a 17 percent decrease.

Immunotec is engaged primarily in the development and marketing of dietary supplements, food, vitamins and personal care and natural health products. Immunotec’s products are distributed and sold in Canada and the United States through a network marketing system and in other countries under distributorship agreements.

My Vintage Baby Inc.

My Vintage Baby Inc. (MVBY—Pink Sheets) announced second-quarter sales increased from $412,945 to $770,981 for the six months ending June 30, 2009, versus June 30, 2010, respectively. Related gross profits increased from $193,156 to approximately $425,588 for the same periods.

My Vintage Baby is a public children’s apparel company and is recognized as “a piece of yesterday for the hip child of today.”

RBC Life Sciences

RBC Life Sciences Inc. (RBCL—OTC BB) reported companywide net sales of $7.8 million for the second quarter ended June 30, 2010, compared to net sales of $6.8 million for the same period during 2009, an increase of 16 percent. Net sales for the six months ended June 30, 2010, also increased 16 percent to $14.8 million compared to net sales of $12.8 million during the same period in 2009. For the second quarter of 2010, the company reported net earnings of $172,000, or a penny per share, compared to net earnings of $277,000, or a penny per share, during the same quarter in 2009. Net earnings for the six months ended June 30, 2010, were $383,000, or 2 cents per share, compared to $106,000, 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.


First-Quarter 2011 Results

Educational Development Corporation

Educational Development Corporation (EDUC—Nasdaq) reported net revenue of $6,295,400 for the first quarter of fiscal 2011, ended May 31, 2010, compared to $6,390,600 and net earnings of $188,200 compared to $415,400 for the same period last year. The home business experienced a 4.8 percent net revenue decline, primarily due to decreases in home party sales and direct sales.

Educational Development Corporation sells children’s books, including Usborne Books and the Kane/Miller line of international children’s titles through a multi-level sales organization of independent consultants, through 5,000 retail stores and over the Internet. More than 1,500 different titles are available for children of all ages, with periodic new additions.


Dividend Report

Avon Products Inc.

Avon Products Inc. (AVP—NYSE) declared a regular quarterly dividend on its common stock of 22 cents per share, payable Sept. 1, 2010, to shareholders of record Aug. 17, 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 the board of directors has declared a quarterly dividend of 12.5 cents per share, which will be paid on Sept. 15, 2010, to stockholders of record on Aug. 27, 2010.


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.

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.