Primerica (NYSE: PRI) beat analyst estimates with second quarter earnings growth of 8 percent on total revenue of $379.2 million, compared to the second quarter of 2015. Operating revenue jumped 7 percent to $375.8 million for the quarter.
The FDA is taking more aggressive steps to rein in some aspects of e-cigarette marketing in its finalized rule, including a ban on sales to minors. The new regulations also require health warnings in ads and on product packages, prohibits the distribution of free samples, and requires manufacturers to show that the products meet applicable public health standards before receiving authorization from the FDA.
But e-cigarettes can continue to be on the market for three years while their manufacturers submit — and the FDA reviews — their new tobacco applications and the products are not bound by the same advertising restrictions that regular tobacco cigarettes must follow. In the meantime, use among teens is increasing even though the U.S. Surgeon General has called the products a significant health risk to youngsters. Here’s some key issues to be aware of regarding e-cigarette marketing:
Unknown risks: While much of the marketing of e-cigarettes has centered around the claim that vaping products are a safer alternative to tobacco cigarettes, the jury is still out on that. In fact, California issued a health warning about their “toxicity” and advised residents not to smoke them. The FDA maintains that the risks associated with e-cigarettes have not been fully studied. At issue is the nicotine in the products and the chemicals in the vapor that is emitted. Despite this health concerns, a TINA.org review of more than 150 e-cigarette websites found that half indicate in some way that vaping products are safe or a healthy alternative to tobacco.
Natural Health Trends Corp. (NHTC—NASDAQ), a marketer of personal-care and wellness products under the NHT Global brand, has logged another quarter of double-digit revenue growth.
In the quarter ended June 30, 2016, revenue climbed to $80.4 million, up 15 percent from the prior-year period. The California-based company does the bulk of its business in Hong Kong, where revenue was up 13 percent to $73.3 million. Outside Hong Kong, revenue rose 43 percent to $7.0 million, compared to $4.9 million a year earlier.
Earnings slipped to $12.2 million, or $1.07 a share, from $12.3 million, or 98 cents a share, in the second quarter of 2015. Income reflects a $2.4 million tax provision for expected partial repatriation of profits from international operations. Excluding the tax, income increased 19 percent to $14.6 million, or $1.29 a share.
The company said it repurchased $23.7 million of its common stock in the first half of 2016.
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today financial results for the second quarter ended June 30, 2016.
Second Quarter Financial Highlights
- Total revenues decreased 32.8% to $10,798,076 from $16,079,017 during Q2 2015
- Sales and Marketing expenses decreased 48.6% to $4,056,821 versus$7,890,203 during the comparable period in 2015
- General and administrative expenses decreased 36.3% to $3,387,969 from$5,322,385
- Total Operating Expenses decreased 43.7 % to $7,444,790 from$13,212,588 during Q2 2015
- Net Operating Income Increased from a loss of $1,173,114 in Q2 2015 to a gain of $338,151
- Net Income for the quarter was $189,719 or .01 EPS compared to a loss of $1,446,797 or (.06) EPS during Q2 2015
TLC’s founder and CEO Jack Fallon announced a new satellite office to be resided in Salt Lake City that will support an acquisition and merger division.
Total Life Changes has been recognized as an agent of change in the Direct Selling industry by offering a unique blend of innovative products and one of the most generous compensation plans for its Independent Business Owners.
Having assumed the additional role as President of Total Life Changes, Mr. Fallon has devoted substantial time to plan for the immediate and future success of the company.
Founder and CEO Jeff Olson announced today the appointment of Rafael Avendano Santos as official General Manager of Nerium Mexico.
“It is an absolute honor to see our Mexico operation reach its two-year anniversary as it continues to grow from Mexico City and Monterrey all across the country. I know we will see Mexico success and excitement surge as we welcome GM Rafael Avendano, an accomplished professional who shares the Nerium values and culture, to our Nerium Mexico family,” said Founder and Chief Executive Officer Jeff Olson.
Since the company’s August 2011 launch in the U.S., Nerium has created skincare products focused on science and clinically proven to produce real results. After breaking sales records while building millions of consumer fans in the U.S., Canada, Mexico and South Korea, Nerium launched its Japan opening in July as part of its Asia-Pacific expansion. Mexico was Nerium’s third country opening in 2014.
A class-action lawsuit filed against Florida-based MLM Jeunesse Global, which markets anti-aging skin care products and supplements, puts high-level distributors as well as company executives in the crosshairs of pyramid scheme and racketeering allegations.
The suit, filed in July in federal court in Arizona, names the company, three top executives and three top distributors, as well as 100 co-conspirators who it alleges enriched themselves by promoting and participating in a “classic pyramid scheme,” which also included backroom deals and secret compensation packages. The suit, which is seeking at least $250 million in damages, follows an investigation by TINA.org into the company’s recruiting practices and health and income claims that led to a complaint to the FTC.
The defendants named in the suit, which was filed by Arizona resident James J. Aboltin, include Jeunesse CEO Ogale “Randy” Ray and other top executives, as well as high-level distributors, such as Kim Hui, Jason Caramanis, and Alex Morton, a former Vemma affiliate who the complaint alleges signed a secret deal with Jeunesse right before the FTC filed a pyramid lawsuit against Vemma.