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LifeVantage Announces Financial Results for the Second Quarter of Fiscal 2026
Globenewswire· 2026-02-04 21:04
Core Insights - LifeVantage Corporation reported a significant decline in revenue for the second quarter of fiscal 2026, with total revenue of $48.9 million, representing a 27.8% decrease compared to the same quarter in fiscal 2025 [5][10]. - The company announced a new $60 million share repurchase authorization, replacing the previous program, which reflects its commitment to returning capital to shareholders [13]. - LifeVantage is focusing on stabilizing its GLP-1 business and expanding its product portfolio, particularly with the LoveBiome line, while also planning to enter new international markets [4]. Financial Performance - Revenue for the second quarter of fiscal 2026 was $48.9 million, down 27.8% year-over-year, with a 32.6% decrease in the Americas region and a 2.1% decrease in the Asia/Pacific & Europe region [5][8]. - Gross profit was $36.2 million, or 74.0% of revenue, down from 80.5% in the same period last year, primarily due to a $2.4 million inventory obsolescence allowance related to the MindBody GLP-1 System [6][10]. - Net income for the quarter was $0.3 million, or $0.02 per diluted share, compared to $2.6 million, or $0.19 per diluted share, in the prior year [10][11]. Operational Highlights - Commissions and incentives expense decreased to $19.9 million, or 40.7% of revenue, from $32.5 million, or 48.0% of revenue, in the prior year, reflecting changes in promotional programs and customer mix [7][8]. - Selling, general and administrative (SG&A) expenses increased to $15.8 million, or 32.3% of revenue, compared to $18.6 million, or 27.5% of revenue, in the same period last year [8][9]. - The company generated $0.5 million in cash from operations during the first half of fiscal 2026, down from $8.6 million in the same period last year [12]. Strategic Initiatives - LifeVantage plans to launch several new products under the LoveBiome brand in the upcoming quarters, targeting high-growth categories [4]. - The company anticipates fiscal 2026 revenue in the range of $185 million to $200 million, with adjusted EBITDA expected between $15 million and $19 million [15]. - The company declared a cash dividend of $0.045 per common share, to be paid on March 16, 2026 [14].
LifeVantage Kicked Off 2026 With Global Kickoff, a Virtual Event Showcasing Innovation and Integration
Globenewswire· 2026-01-12 21:05
Core Insights - LifeVantage Corporation announced the successful conclusion of its Global Kickoff event, emphasizing a theme of "Breakthrough" for 2026, aimed at fostering growth, innovation, and community among its Consultants and consumers [1][2] Group 1: Company Developments - The integration of LoveBiome has strengthened LifeVantage's global sales force, aligning the organization around a unified vision for 2026 [2] - The company launched the Daily Activation App, which is available to both Consultants and customers, providing a centralized platform for tracking product usage and personal goals [3] - The Activate90 Challenge, running for 12 weeks starting January 12, is designed to support participants in achieving physical, mental, and financial goals, encouraging daily habit formation [4] Group 2: Scientific Insights - LifeVantage shared new scientific data during the Global Kickoff, highlighting the effectiveness of the Healthy Edge wellness system, which combines products from LifeVantage and LoveBiome [5] - A third-party in vitro study demonstrated that the Healthy Edge system activated 358 unique genes, showing a greater impact than individual products, with 29 genes linked to enhanced cellular learning and stress resilience [6] - Additional product innovations are planned for 2026, including former LoveBiome products and new offerings from LifeVantage [6]
LifeVantage to Participate in the 28th Annual ICR Conference
Globenewswire· 2026-01-06 21:05
Company Overview - LifeVantage Corporation (Nasdaq: LFVN) is a leading health and wellness company focused on activating optimal health processes at the cellular level [1][3] - The company specializes in nutrigenomics, which studies how nutrition and naturally occurring compounds can unlock genetic health [3] - LifeVantage offers a range of scientifically validated products, including the Protandim® family, TrueScience® Liquid Collagen, and the MindBody GLP-1 System™ [3] Upcoming Event - Steve Fife, President and CEO, and Carl Aure, CFO, will present at the 28th Annual ICR Conference on January 12, 2026, at approximately 1:00 p.m. Eastern Time [1][2] - A webcast of the presentation will be available on the company's Investor Relations website [2] Product Portfolio - The product line includes activation-supporting nutrients such as Omega, D3+, and the Rise AM & Reset PM System®, as well as AXIO® nootropic energy drink mixes [3] - LifeVantage also offers a full range of TrueScience® skin and hair care products and Petandim®, a supplement for dogs to combat oxidative stress [3] Company Background - LifeVantage was founded in 2003 and is headquartered in Lehi, Utah [3] - The company operates through independent Consultants who sell products and share business opportunities with potential entrepreneurs [3]
Herbalife to Announce Fourth Quarter and Full-Year 2025 Results on February 18
Businesswire· 2026-01-05 12:05
Core Viewpoint - Herbalife Ltd. is set to release its fourth quarter and full-year 2025 financial results on February 18, 2026, after the NYSE trading closes [1] Financial Results Announcement - The financial results will be discussed in an audio webcast and conference call hosted by Herbalife's senior management team at 5:30 p.m. ET (2:30 p.m. PT) on the same day [1] - The audio webcast will be accessible via a provided link [1]
USANA Foundation Shares Holiday Cheer with Meals for Utah Students and Families
Prnewswire· 2025-12-23 11:52
Core Insights - The USANA Foundation's Kids Eat program delivered over 5,100 food bags to support children during winter break, providing essential meals to families in Utah [1][2] - The initiative involved 632 volunteers contributing nearly 1,900 hours of service, highlighting community engagement and support [3][4] - Food insecurity remains a significant issue in Utah, with one in nine children at risk of hunger, emphasizing the need for such programs [4] Program Impact - This year, 5,143 food bags were packed, equating to 205,720 meals, with a total value exceeding $128,575 in donations [2] - In 2025, USANA Kids Eat delivered 46,738 weekend bags, providing 327,166 meals to 49 schools, demonstrating ongoing commitment to combating food insecurity [5] Organizational Mission - The USANA Foundation, established in 2012, aims to create sustainable food networks and has provided hundreds of millions of meals across 44 countries [6] - The foundation's programs, including USANA Kids Eat, have significantly impacted local and global communities, showcasing the organization's dedication to fighting hunger [6]
USANA Foundation Mobilizes Hundreds from the Community to Pack 3,000 Food Bags for Utah Families Affected by SNAP Cutbacks
Prnewswire· 2025-11-06 12:39
Core Points - The USANA Foundation, in collaboration with community partners, organized an event to assemble 3,000 food bags for families facing food insecurity in Utah, particularly in response to recent federal SNAP cutbacks [1][2][3] - The event took place at the USANA Foundation Headquarters and involved hundreds of volunteers from various organizations, showcasing community unity and compassion [2][3] - The initiative aims to provide immediate relief to families affected by the reduction in SNAP benefits, with the bags set to be distributed to local school districts and food pantries [3][4] Group 1 - The USANA Foundation's mission focuses on ensuring families have access to essential nutrition, emphasizing the need for continued support beyond short-term relief efforts [4][5] - The organization has a history of providing hundreds of millions of meals globally, supported by donations from employees and the public [5] - The event highlighted the collaboration between different organizations and individuals to strengthen the community and support families in crisis [3][4] Group 2 - The USANA Foundation encourages public donations to sustain its efforts in providing essential nutrition to children facing hunger [4] - USANA, the parent company of the foundation, has been in the nutrition and lifestyle products industry for over 30 years, committed to empowering healthier living [6]
LifeVantage Announces Financial Results for the First Quarter of Fiscal 2026
Globenewswire· 2025-11-04 21:05
Core Insights - LifeVantage Corporation reported a revenue of $47.6 million for the first quarter of fiscal 2026, reflecting a 0.7% increase year-over-year [5][10] - The company is focusing on the strategic acquisition of LoveBiome, which positions it as a leader in the natural GLP-1 activation and microbiome health markets [4] - The company expects revenue growth to accelerate in the second half of the fiscal year due to seasonality and the impact of the LoveBiome acquisition [15] Financial Performance - Revenue for the first quarter of fiscal 2026 was $47.6 million, a 0.7% increase from the same period in fiscal 2025 [5][10] - Gross profit was $37.8 million, representing 79.5% of revenue, slightly down from 79.9% in the previous year [6] - Net income for the first quarter was $2.2 million, or $0.17 per diluted share, compared to $1.8 million, or $0.14 per diluted share in the prior year [10][11] Expense Analysis - Commissions and incentives expense increased to $20.7 million, or 43.5% of revenue, up from 43.0% in the previous year [7] - Selling, general and administrative (SG&A) expenses were $14.9 million, or 31.2% of revenue, slightly down from 31.4% in the prior year [8] - Adjusted EBITDA for the first quarter was $3.9 million, compared to $4.4 million in the same period last year [11] Balance Sheet & Liquidity - The company used $2.3 million of cash from operations during the first three months of fiscal 2026, compared to $0.6 million in the same period of fiscal 2025 [12] - Cash and cash equivalents at September 30, 2025, were $13.1 million, down from $20.2 million at June 30, 2025 [12] Shareholder Returns - LifeVantage repurchased 44,000 common shares for approximately $0.6 million during the first quarter [13] - A cash dividend of $0.045 per common share was declared, to be paid on December 15, 2025 [14] Guidance - The company reiterated its revenue guidance for fiscal 2026 in the range of $225 million to $240 million, with adjusted EBITDA expected between $23 million and $26 million [15]
LifeVantage Empowers Consultants to “Love Life & Drive” at Momentum Academy 2025
Globenewswire· 2025-10-28 12:00
Core Insights - LifeVantage Corporation successfully concluded Momentum Academy 2025, an event aimed at empowering Consultants and enhancing business engagement [1][5] - The event marked the first integration of LoveBiome Consultants with LifeVantage, fostering collaboration and alignment between the two companies [2][5] Event Overview - Momentum Academy 2025 took place from October 23-25 at the Hilton Anatole in Dallas, TX, under the theme "Love Life & Drive" [1][2] - The event featured workshops, seminars, and keynotes focused on business acceleration, leadership potential, enrollment, retention, and advancement strategies [3] Product Launch - Attendees were introduced to Healthy Edge, combining Protandim® Nrf2 Synergizer with LoveBiome P84, aimed at supporting cellular health [4] - This event marked the first opportunity for Consultants and consumers to purchase LoveBiome P84 directly through LifeVantage, alongside other exclusive products [4] Company Vision - The President and CEO of LifeVantage emphasized the importance of unity and empowerment among Consultants, highlighting the innovative spirit of the company [5] - LifeVantage positions itself as a pioneer in nutrigenomics, focusing on products that activate health at the cellular level [7]
LifeVantage to Participate in the LD Micro Main Event XIX on October 20, 2025
Globenewswire· 2025-10-13 20:05
Core Insights - LifeVantage Corporation, a health and wellness company, will have its CEO Steve Fife participate in the LD Micro Main Event XIX from October 19-21, 2025 [1] - Fife's presentation is scheduled for October 20, 2025, at approximately 5:30 p.m. Eastern Time, with a live webcast available for investors [2] Company Overview - LifeVantage Corporation specializes in nutrigenomics, focusing on how nutrition and natural compounds can activate health at the cellular level [3] - The company offers a range of products, including the Protandim® family, TrueScience® Liquid Collagen, MindBody GLP-1 System™, and various health-supporting nutrients [3] - Founded in 2003 and headquartered in Lehi, Utah, LifeVantage operates through independent consultants who sell products and promote business opportunities [3]
LifeVantage to Participate in the Lytham Partners Fall 2025 Investor Conference on September 30, 2025
Globenewswire· 2025-09-22 12:00
Group 1 - LifeVantage Corporation will participate in the Lytham Partners Fall 2025 Investor Conference on September 30, 2025, with CEO Steve Fife and CFO Carl Aure presenting [1][2] - The presentation is scheduled for approximately 11:00 a.m. Eastern Time and will be available via a live webcast on the company's Investor Relations website [2] - LifeVantage specializes in nutrigenomics, offering products that activate health processes at the cellular level, including the Protandim® family, TrueScience® Liquid Collagen, and various health-supporting nutrients [3] Group 2 - LifeVantage was founded in 2003 and is headquartered in Lehi, Utah, focusing on health and wellness products that work with individual biology [3] - The company also provides a business opportunity for independent consultants to sell its products and promote entrepreneurship [3]