Medifast announced its fourth quarter and full year 2023 financial results, including fourth quarter revenue of $191 million and net income of $6 million. Earnings per diluted share during the quarter were $0.55. Revenue during the quarter was down 43.4%, which the company attributes to a decrease in the number of active earning OPTAVIA Coaches and the decline in productivity per active earning OPTAVIA Coach.
Nu Skin Enterprises Inc. announced its fourth quarter and full year 2023 financial results. Fourth quarter revenue for the company fell by 6% from the previous year’s quarter to $488.6 million.
Herbalife Ltd. released its financial report for the fourth quarter and full year 2023. Net sales during the fourth quarter reached $1.2 billion, a 2.9% increase from the previous year’s quarter, and net income of $10.2 million with an adjusted EBITDA of $108.8 million. Fourth quarter gross profit margin was 76.3%.
Natural Health Trends announced is fourth quarter and full year 2023 financial results, posting Q4 2023 revenue of $10.9 million. This revenue was a 3% sequential increase, but a 13% decrease from the same period in 2022.
Herbalife Ltd. announced its first quarter financial results for 2023, posting first quarter net sales of $1.3 billion, down 6.3% from the same period last year.
eXp World Holdings, the parent company of eXp Realty, announced its first quarter financial results for 2023, posting a 16% decline in revenue from the same period last year to $850.6 million.
USANA Health Sciences, Inc. released its financial results for the first fiscal quarter, posting net sales of $248 million, a 9% sequential increase from $228 million in the fourth quarter of 2022, but a net sales decline from the first quarter of 2022, which totaled $273 million.
Medifast, the parent company of direct selling organization OPTAVIA, announced a return to historic norms for customer retention rates, resulting in third quarter revenue of $390.4 million, with revenue per active earning coach averaging $5,897, down from $6,773 during the same quarter last year.
LifeVantage Corporation reported first quarter fiscal 2023 revenue of $51.8 million, a 2.7% decrease from the same quarter last year.
Natural Health Trends Corp. announced an 18% decrease in third quarter revenue from the previous year’s quarter, down to $11.7 million from $14.3 million.
Nu Skin released its third quarter 2022 financial report, posting Earnings Per Share (EPS) of $0.47, compared to $0.97 in the third quarter of last year. Third quarter revenue was $537.8 million, down from $641.2 million during the same quarter of 2021 and $703.3 million during the third quarter of 2020.
Tupperware Brands Corporation announced third quarter net sales of $302.8 million, a 20% dip from $376.9 million during the third quarter of last year.