This weeks MLM News covers the financial earnings for, Lightyear Network Solutions, Avon, Herbalife, Medifast, Natura Cosmeticos SA, Nature’s Sunshine, and Reliv International. Plus we take a look at the Internet Sales Tax Bill, and my good friend and home business entrepreneur John Fogarty’s customer made furniture.
Sales Tax Collection on Internet Transactions: Is Change on its Way?
While the rule of thumb has usually been that online retailers do not have to collect sales taxes on purchases from customers who live in a different state from which the merchant is located, Congress is now considering legislation that would require such retailers to collect and remit sales tax on all purchases—even when they don’t have a physical presence in that state. (Read The Whole Story Here)
LOUISVILLE, Ky., May 15, 2012 — Lightyear Network Solutions, Inc. (the “Company”) (OTC Markets: LYNS), an established provider of data, voice and wireless telecommunication services to business and residential customers throughout North America, announced today its financial results for the first quarter ended March 31, 2012.
“We believe that Lightyear is continuing to build positive momentum, and we are pleased with the progress our Company has made,” said Stephen M. Lochmueller, Lightyear’s Chief Executive Officer. “We again saw growth in our wireless sector for the first quarter, and it continues to be bright spot for Lightyear. We are focused on improving our financial results in 2012.” (Read The Whole Press Release Here)
NEW YORK, Aug. 1, 2012 /PRNewswire/ — Avon Products, Inc. (NYSE: AVP) today reported second-quarter 2012 results. “Avon’s second-quarter financial results are not good and they reflect the complex challenges that Avon faces. We are working to stabilize the top-line, improve cost structure and cash generation, and instill a more disciplined culture of accountability,” said Sheri McCoy, Avon’s Chief Executive Officer. “We will also put the consumer and Representative back at the center of our business and ensure our associates are engaged and aligned. It will take time, but I am confident that we can turn the business around and reach a point of sustainable growth.”
Total revenue of $2.6 billion decreased 9%, or down 1% in constant dollars. Total units declined by 4% and price/mix increased 3% during the quarter. Active Representatives were down 3%. (Read The Full Story Here
LOS ANGELES–(BUSINESS WIRE)– Herbalife Ltd. (NYSE: HLF) today reported second quarter record net sales of $1.0 billion, a 17 percent increase, driven by a 23 percent increase in volume points compared to the prior year period. The company reported net income of $133.4 million, or $1.10 per diluted share, compared to the second quarter 2011 net income of $111.2 million, or $0.88 per diluted share, reflecting an increase of 20 percent and 25 percent, respectively.
“The broad strength of our business success continued throughout the second quarter with strong sales performance from each of our six regions, along with record earnings and strong cash flow,” said Michael O. Johnson, the company’s chairman and CEO. “We believe the underlying drivers of our current business success, engaged distributors focused on globalizing daily consumption sales methods and products which are relevant for today’s global macro trends of obesity and an aging population, will continue to provide the catalyst for future growth.” (Read The Full Press Release Here)
“We are very pleased with our sales and earnings results in the second quarter as we continued to execute our strategy to reduce costs and drive operational efficiencies throughout Take Shape for Life, Medifast Direct, and the Medifast Weight Control Center and Wholesale Physicians sales channels,” commented Michael C. MacDonald, Medifast’s Executive Chairman and Chief Executive Officer. “These efforts enabled us to generate a profit in the Medifast Weight Control Center and Wholesale Physicians segment. Going forward, we plan to focus our weight control center growth through new and existing franchisees to reduce our corporate capital investment and create higher returns as we continue to increase profitability across each of our sales channels and maximize shareholder value long-term.” (Read The Full Story Here)
Natura Cosmeticos SA (NATU3), Latin America’s largest cosmetics company, posted second-quarter profit that beat analysts’ estimates as an upgrade of operational systems boosted sales.
Net income rose 14 percent to 215 million reais ($105.8 million) from 188 million reais a year earlier, the Cajamar, Brazil-based company said yesterday in a statement sent to the website of Brazil’s securities regulator. The result was above the 213 million reais average estimate for adjusted net income of six analysts compiled by Bloomberg. (Read The Whole Story)
LEHI, Utah, Aug. 1, 2012 (GLOBE NEWSWIRE) — Nature’s Sunshine Products, Inc. (Nasdaq:NATR), including its subsidiary Synergy Worldwide, Inc., a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today reported its consolidated financial results for the second quarter ended June 30, 2012, and declared a quarterly cash dividend. (Read The Full Story Here)
CHESTERFIELD, Mo., Aug. 1, 2012 /PRNewswire/ — Reliv International, Inc. (NASDAQ: RELV), a maker of nutritional supplements that promote optimal health, today reported its financial results for the second quarter of 2012.
Net sales for the quarter were $16.8 million, a 6.8 percent decrease from the second quarter last year. Net sales in the United States totaled $12.9 million, down from second-quarter 2011 net sales of $14.8 million. Net sales outside of the United States rose 21.6 percent in the second quarter of 2012 compared to the prior-year quarter, led by the European market where net sales more than doubled. (Read The Full Press Release)