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.
Direct selling generated 183.7 billion in global retail sales in 2015, a new record for the channel, according to the newest estimates from the World Federation of Direct Selling Associations.
LegalShield, New Avon, Stream, Youngevity, LifeVantage, Direct Selling Europe, LEO
Associates of Mannatech Inc. are gathering in Dallas this weekend for a social media training event—the first ever hosted by the nutrition company.
The story of direct selling is one of sustained growth that keeps breaking records.
Primerica Life Insurance Co. and its subsidiaries, including direct selling company Primerica Inc., have received another round of superior ratings from global credit rating agency A.M. Best.
This week’s author Jeffrey A. Babener is the principal attorney in the law firm of Babener & Associates.
For more than 25 years, he has advised leading U.S. and foreign companies in the direct selling industry, including many members of the Direct Selling Association. He has served as legal advisor to various NYSE direct selling companies, including Avon, Herbalife, USANA, and Nu Skin. Jeff has lectured and published extensively on direct selling. He is a graduate of the University of Southern California Law School. Jeff is an active member of the State Bars of California and Oregon.
Guest Post by Jeff Babener