Inflationary pressures and currency fluctuations have impacted Nature Sunshine’s results, leading the multi-level marketing company to reformulate some products with cheaper ingredients and revamp manufacturing in an effort to control costs.
Inflation and continued COVID related problems in Asia hit network marketing company Usana’s earnings hard. Traders responded by pummeling the company’s stock, which at one point on Tuesday had fallen by more than 17%.
DSM and Firmenich’s mooted 2023 ‘Merger of Equals’ will create a nutrition, food ingredients and fragrances behemoth with 277 years of collective business experience and a combined annual revenue pushing towards €12 billion (£10.2bn).
Branded ingredient supplier ChromaDex announced an 18% sales gain in a recent earrings report. A continued push to increase the science behind its TruNiagen brand is part of the reason, the company’s co-founder said.
Natural Grocers said the supplier network and customer loyalty it has built up over years has enabled it to restrain inflationary cost increases and to pass on whatever price hikes are necessary onto consumers without much pushback, helping the company...
Omaha-based supplement marketer FitLife Brands has reported promising full year revenue that comes with a serious caveat in that the company may need to restate its financial results going back to its 2019 fiscal year.
San Diego-based CV Sciences, one of the bell-weather companies in the hemp and CBD space, has reported a decline in revenues for the past financial year, but new initiatives have positioned the company for long-term growth, says its CEO.
Multi level marketing company Nature’s Sunshine has recorded a sixth straight quarter of rapid growth. But as the company has significant operations in Russia and Ukraine, the war has complicated the company’s task of forecasting future results.
Energy drink firm Celsius reported passing the $100 million quarterly revenue mark in its recent year end earnings filing. The company made strides in both brick and mortar distribution and greater penetration in online platforms.
Canadian firm Relevium Technologies says it will file its belated financial statements by the end of January 2022, which would lift a ban placed by regulators on sales of stock by the company’s management.
The US Securities and Exchange Commission has indicted CanaFarma hemp and its two cofounders with fraudulently raising about $15 million from investors, and misappropriating approximately $4 million of that for personal and nonbusiness purposes.
Natural Grocers reported a decrease in sales momentum in the third quarter of its fiscal 2021 when compared to last year’s pandemic-fueled buying spree. But the company’s private label supplements sales buoyed results.
In concord with a trend affecting most of the multi level marketing companies selling dietary supplements, Nature’s Sunshine has posted another quarter of record results, buoyed by surging sales in Asia, South America and Poland.
In an industry populated with many privately held firms, two dietary supplement manufacturers — Thorne and Nutraceutical International — have filed for IPOs, each set at $100 million as the initial target size of the deals.
HempFusion, a manufacturer of CBD-containing ingestible and topical products, said a successful initial public offering and a refocus of its digital sales efforts will position the brand to become one of the major hemp/CBD players in 2021.
DSM has today (31 March) agreed to acquire the flavour and fragrance (F&F) business of US-based biotech firm Amyris, extending its portfolio with bio-based ingredients for the flavor and fragrance and cosmetics industries.
Riding a great year for the dietary supplement industry and for multi level marketing companies in general Nature’s Sunshine notched its best quarter ever as it reported its 2020 year end final results.
International Flavors & Fragrances Inc (IFF) and DuPont’s Nutrition & Biosciences (“N&B”) completed their €40.7bn merger yesterday (February 1st) and revealed a modernised identity for the new industry giant.