Herbalife’s sales softened during the third quarter, following a blockbuster period a year ago. The company endured a double-digit revenue dip, while sales declined in several geographic regions.
Still, CEO John Agwunobi said the direct selling giant remains on track to end 2021 with another record sales year.
Herbalife reported total net sales for the third quarter totaled $1.4 billion, down 6 percent compared to a year ago when the seller of supplements and weight-loss products recorded what was then a best-ever three-month period for sales.
By: Dave Rauf
Tupperware’s turnaround story continues to evolve.
The maker of food storage containers, kitchen goods and beauty products reported its second consecutive quarter of year-over-year sales growth in the fourth quarter of 2020, according to recently released earnings.
Fourth-quarter revenue and profit were both up in the three-month reporting period. And company executives say they’re more confident that improving financials are a sign the direct selling giant is on the path to recovery after years of revenue declines and falling stock prices.
Mark Schissel, HerbalifeHerbalife Nutrition Ltd. has appointed Mark Schissel as chief operating officer. Schissel will oversee worldwide operations for the company as well as global business services, finance, IT and infrastructure, and cyber and global security. Most recently, he served as executive vice president of worldwide operations.
Ryan Reigle, Regal WareRyan Reigle has been named president and CEO of Regal Ware Inc. He will succeed his father, Jeffrey A. Reigle, who will become chairman of the board. Ryan Reigle began his career with the company in 2007 and moved up to senior vice president in 2019. He was elected to the board in 2018.
By: Dave Rauf
Tupperware’s turnaround story continues to evolve.
The maker of food storage containers, kitchen goods and beauty products reported its second consecutive quarter of year-over-year sales growth in the fourth quarter of 2020, according to recently released earnings.
Fourth-quarter revenue and profit were both up in the three-month reporting period. And company executives say they’re more confident that improving financials are a sign the direct selling giant is on the path to recovery after years of revenue declines and falling stock prices.