Day: May 16, 2021

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For The Q1 Of 2021, Coway Reported $780 Million In Revenue

Coway
Coway

Coway Co., Ltd. reported its financial results for the first quarter of 2021, which included sales of $7.8 million, up 14.3 percent year over year.
Operating profit and net profit both grew to $151 million and $111 million.
With 6.36 million accounts, Korea’s domestic rental sales hit 321,000.

Coway’s Chief Financial Officer, Kim Soon-tae, stated, “Exciting new items and compelling marketing campaigns boosted our success, both locally and overseas.” “We will continue to focus on our competitiveness in the home market while extending deeper into global markets to generate long-term growth.”

Malaysia and the United States were the company’s outstanding international subsidiaries, with Malaysia reporting $213 million in sales and the United States $3.8 million. The total number of abroad accounts presently stands at 2.1 million.

Due to international success, total rental accounts surpassed 8.46 million

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Direct Selling Capital Advisors April 2021 Stock Watch

Direct-Selling-Capital-Advisors-April-2021-Stock-Watch
Direct-Selling-Capital-Advisors-April-2021-Stock-Watch

The Direct Selling Capital Advisors Direct Selling Index (DSCI) rose 3.1 percent in April, compared to a slightly smaller rise of 2.7 percent for the Dow Jones Industrial Average (DJIA). March was a difficult month for direct selling equities, but April proved to bring the group moderately higher, with the Direct Selling Capital Advisors Direct Selling Index (DSCI) climbing 3.1 percent. The DSCI has risen in April, bringing it in step with the broader markets.

The DSCI has gained 79.1 percent since the tracking period began on March 1, 2020, compared to 33.3 percent for the DJIA. On a year-to-date basis, the DSCI has a slight advantage over the DJIA, with gains of 11.4 percent vs. 10.4 percent for the DJIA.

Large-Cap Stocks
The majority of the large-size firms in the DSCI monitoring set reported good sales, exceeding even optimistic expectations, with average year-over-year revenue growth of 63.3 percent in this group. Even the firm that trailed the group with the slowest growth increased by more than 15%. The firms’ combined sales increased by $2.76 billion in the first quarter.

The domestic market is driving most of this expansion. Medifast, Inc. (NYSE: MED), a predominantly domestic firm, increased revenue by 91 percent year over year, while Nu Skin Enterprises, Inc. (NYSE: NUS) increased sales by 97 percent year over year.

According to the first quarter statistics for this grouping, 80 percent of the 50 firms in the tracking set recorded revenue increase year over year in the first quarter of 2021.

• Betterware de Mexico (NASDAQ: BWMX) went public last year after merging with a particular purpose acquisition company (SPAC) and has since been a new standout among the big cap monitoring group. The direct Mexican seller now has a market valuation of almost $1.7 billion, up about 22% in the last month and nearly 40% year-to-date.
• Tupperware Brands Corporation (NYSE: TUP) lost 7.7% in April, but it is still one of the top performers in the tracking group, with gains of 755.1 percent since February 28. The company’s recovery strategy has seen substantial success in the past year, including a return to considerable growth and a cleaner financial sheet.
• The stock of Nu Skin Enterprises, Inc. (NYSE: NUS) remained essentially unchanged in April, but it is still up 123 percent from February of last year. For most of the month, the stock moved in a sideways consolidating pattern. The company’s sales increased by 31% in the first quarter, and the stock has subsequently risen sharply.
• Herbalife Nutrition, Inc. (NYSE: HLF) has nearly identically mirrored NUS’s trading pattern, trading lower for several months before accelerating upwards on first-quarter solid results. HLF rose 3.2 percent in April and is now 41.4 percent higher than it was in February 2020.
• In April, Medifast, Inc. (NYSE: MED) gained 7.2 percent, putting it 185.7 percent over where it was on February 28, 2020. The stock traded in a tranquil but rising pattern for most of the month before surging higher upon reports of a 91 percent year-over-year sales increase in the first quarter.
• USANA Health Sciences, Inc. (NYSE: USNA) has had a great run in recent months, hitting many 52-week highs in early 2021. Despite spending much of April in a tight consolidating pattern with an upward bias, the business announced a 15.5 percent year-over-year sales increase in the first quarter and traded sharply downwards.
• In April, eXp World Holdings (NASDAQ: EXPI) fell 24.6 percent. This year, the firm has had a phenomenal success story, with shares up 8.9% year to far and 618.8% since March 2020. Despite reporting record sales and growth in the first quarter, the company fell short of analyst forecasts and saw its stock fall as a result.
• Primerica, Inc. (NYSE: PRI) rose 8.1 percent in April, putting it 45.4 percent higher year-to-date and 19.7 percent higher since March 2020. The firm announced a year-over-year sales increase of 21% and has been gradually increasing since then.

Small-Cap Stocks
With a market value of $412 million, Nature’s Sunshine Products, Inc. (NASDAQ: NATR) is the largest company in the tracking set.
It maintained its overall upward trend, with new 52-week highs being achieved regularly. The stock rose 4.3 percent, putting it 168 percent higher than its March 2020 lows and 47 percent higher year-to-date. The firm generated $102.6 million in revenue in the first quarter and has subsequently been trending downwards.

Short Interest Data & Analysis
Short interest in industrial stocks fell somewhat in April but remained within the same range of 3.5 days to cover. The percentage of sell-side analysts who retain “buy” and “hold” recommendations on industry stocks remained stable at around 97 percent, while the number of analysts who suggest “hold” rather than “buy” climbed somewhat. The number of analysts who maintained a “sell” position was insignificant.

“To say direct selling firms had good first-quarter financial performance is an understatement,” said Stuart Johnson, CEO of Direct Selling Capital Advisors. “While we had anticipated a strong showing, they, for the most part, knocked it out of the park, with an average revenue increase of 63.3 percent across our big cap monitoring group. While we continue to expect that year-over-year growth would likely moderate in the second quarter of this year, we are now more than confident in estimating that domestic direct selling revenue will reach new highs in 2021.

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Dr. Carolyn Rachaner Has Been Appointed Director Of Product Development And Compliance At The Happy Company

TheHappyCompany
TheHappyCompany

Dr. Carolyn Rachaner, a health and wellness expert, product development specialist, and direct sales veteran, has joined The Happy Co. as Director of Product Development and Compliance. Dr. Carolyn Rachaner, a health and fitness consultant and product marketing professional, has joined The Happy Co. as Director of Product Development & Compliance. The Happy Co. is a major manufacturer and distributor of nootropic, functional nutrition beverages. Dr. Rachaner has a long list of accomplishments and international expertise in health and fitness product creation, with more than 20 years in the direct marketing market, mainly as a product trainer and formulator.

She’s also run a thriving fitness center and developed a thriving nutritional consultancy company.
She has a bachelor’s degree in nutrition, a doctorate in classical naturopathy, and an Applied Clinical Nutrition certification.

“Carolyn’s comprehensive knowledge of diet, as well as her extensive education and appreciation of product growth, positions her as a key figure in The Happy Company’s future.” Said Bo Short, CEO of Elevacity Holdings LLC, he added.
“It’s critical that we keep this experience in-house as we expand our platform to cover several lines of creative goods.
It’s the right time to take the next big step forward, and Carolyn is the ideal person to assist us in doing so.” Carolyn claims that “While health and pleasure go hand in hand, few supplement businesses discuss how diet affects our mental health.

This is one of the significant facets of wellbeing, in my opinion, and when we feel well, we take better care of ourselves, which has a positive impact on our lives and the lives of those around us.

There has never been a great time to invest in high-quality goods that improve our mood and help our overall health.
The Happy Company is in a great place to be a pioneer in this field.

THE HAPPY COMPANY’S Details

The Happy Co., formerly Elepreneurs, debuted in February 2021 with a proven track record of effective nootropic, therapeutic beverage products that improve mood, stamina, sleep, and make you look and feel younger.
The Happy Company begins with goods, but it doesn’t stop there.
We’re a way of life and a regular dose of happiness.

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Mannatech’s First Quarter Revenue Increased By 4.7 Percent To $38.3 Million.

Mannatech
Mannatech

Mannatech, Inc., a global health and lifestyle organization dedicated to changing lives for the betterment of the planet, officially released financial reports for the first quarter of 2021.

End of First Quarter Results
Net earnings for the intial quarter of 2021 were $38.3 million, up to $1.7 million, or 4.7 percent, from $36.6 million in the first quarter of 2020.
For the first quarter of 2021, income from operations rose to $2.8 million, up from $2.0 million in the same timeframe in 2020. In the first quarter of 2021, net income was $2.2 million, or $1.04 per diluted share, compared to $2.8 million, or $1.15 per diluted share, in the first quarter of 2020.

For the three months closing March 31, 2021, gross profit as a percentage of revenue rose to 81.2 percent, up from 80.9 percent for the same time in 2020. For the three months closing March 31, 2021, and 2020, commission and bonuses as a percentage of net revenue stayed stable at 40.7 percent.

Overall marketing and operating costs rose by $0.2 million to $7.1 million in the three months closing March 31, 2021, compared to $6.9 million in the same timeframe in 2020. A $0.3 million increase in staffing costs and a $0.1 million increase in publicity costs contributed to the rise in retail and operating expenditures, partly covered by a $0.1 million reduction in stock-based compensation and a $0.1 million decrease in contract labor costs.

Other operating expenses declined by $0.2 million, or 4.4 percent, to $5.1 million for the three months closing March 31, 2021, compared to $5.3 million for the same duration in 2020. The decline in running costs was primarily attributed to a $0.3 million reduction in travel and entertainment expenditures and a $0.1 million reduction in office expenses, offset in part by a $0.2 million increase in consultancy fees.

Provision for taxes was $0.3 million for the three months ending March 31, 2021, or an effective rate of 13.3 percent. Taxes were a $0.9 million benefit for the three months ending March 31, 2020. Because of the mix of earnings across jurisdictions and the resulting depreciation allowance reported on losses in some jurisdictions, the effective tax rate for the three months ended March 31, 2021, differed from the federal statutory rate.

The $1.2 million income reported in connection with the carryback of U.S. net operational costs as permitted by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), passed March 27, 2020, contrasted from the federal statutory rate for the three months ended March 31, 2020. As of March 31, 2021 the current and ongoing independent partner and preferred client roles occupied by Mannatech network members and correlated with product sales was roughly 187,000 and 166,000, respectively.

In the initial quarter of 2021, relative to the first quarter of 2020, recruitment rose by 4.6 percent. In the very first quarter of 2021, the company’s network added nearly 19,538 new independent partners and preferred client roles, compared to 18,687 in 2020.

About Mannatech
Mannatech, Incorporated is dedicated to changing lives by creating high-quality integrated wellness, weight loss, exercise, and skincare solutions sold through its national network of independent associates and members. With operations in 25 countries, the firm has been in business for more than 25 years.