In Brief: Herbalife International
This article was originally published in The Rose Sheet
Executive Summary
Herbalife International: Personal care sales increase 23.1% to $36.8 mil. during the third quarter, representing 17.8% of the company's net sales, which were up 28.9% to $207.2 mil. Total retail sales for the quarter, which included a $186.7 mil. distributor allowance, climbed 28.4% to $393.9 mil. Net income was up 25.7% to $14.3 mil. Weight management product sales shot up 24.6% to $275.7 mil. in the period, while nutritional segment sales jumped 48.7% to $61.1 mil. and sales for distributor literature/promotional materials rose 39.9% to $20 mil. On a regional basis, third quarter sales for the Americas were up 19.9% to $101.9 mil. The "mature" U.S. market continued to "demonstrate meaningful growth," Herbalife noted. The Pacific Rim business was "particularly strong," with sales up 58.7% to $182.4 mil., spurred by Japan, which registered a 54% sales increase to $148.3 mil., the firm added. European sales rose 2.7% to $109.6 mil...
You may also be interested in...
OCA Applauds Organic Board's Recommendation To USDA: "Outlaw Nanotech"
With a push from the Organic Consumers Association, the National Organic Standards Board is recommending that the use of nanotechnology be strictly prohibited from products certified under the National Organic Program
Beauty Claims Inch Closer To Pharma As Cosmeceutical Sector Expands
Though global market-size estimates differ, analysts at SupplySide West 2010 in Las Vegas agreed that cosmeceuticals remain a promising growth vehicle
Marketing In Brief
ModiFace launches forecasting tool: Toronto-based virtual makeover firm introduces ShadeCast, a makeup sampling and forecasting tool based on behavioral tracking. ShadeCast is used in conjunction with iPhone application MakeUp, which allows consumers to virtually try on makeup in hundreds of shades from brands including Revlon, Cover Girl, Lancome and Clinique. ShadeCast offers 1,000 cosmetic shades from 40 brands and assigns a ShadeScore "to approximately position the [app's] hottest and most sampled color." ModiFace exec Nikkie Gatto likens the app to radio music playlists, helping consumers "looking to capture the current look, but also provide vital market intelligence to our retail channel partners," she says in Nov. 3 release. "The value of data to demonstrate the aggregate behavior will help the industry predict the latest trends and help cosmetic manufacturers better understand the color and products which most resonate with online and iPhone virtual makeover users," the company says