Leading omni-direct lifestyle company Youngevity
International, Inc. (NASDAQ: YGYI) this morning reported its financial results
for the third quarter and nine months ended September 30, 2018. Although the
company reported a year-over-year decrease in total revenue for the quarter due
to supply chain challenges, Youngevity management expressed their optimism for
the future. “We are not satisfied with our sliding revenue for the third
quarter, however we are pleased to see our margins as a percentage of revenue
showing significant progress this quarter,” Dave Briskie, president and CEO of
Youngevity, stated in the news release. “We have been eliminating promotions
that drive top line revenue at the expense of profits and we are seeing a
positive trend toward our stated goal of improving operating profits and
Adjusted EBITDA in 2018. We intend to focus the balance of this year on
improving our balance sheet, driving international growth, and positioning the
coffee segment to execute its significant green coffee contract that we
anticipate will greatly impact the performance of the coffee segment in 2019.”
Youngevity intends to host a conference call to discuss
these results today at 1:00PM EST. Interested parties can attend the call by
visiting http://ibn.fm/0IkKg or
by dialing 206-402-0100 and using access code 634174#.
To view the full press release, visit http://ibn.fm/DTFCe
About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI) is a leading
omni-direct lifestyle company offering a hybrid of the direct selling business
model that also offers e-commerce and the power of social selling. Assembling a
virtual Main Street of products and services under one corporate entity,
Youngevity offers proven products from the six top-selling retail categories:
health/nutrition, home/family, food/beverage (including coffee), spa/beauty,
apparel/jewelry, as well as innovative services. The company was formed during
the summer 2011 merger of Youngevity Essential Life Sciences with Javalution®
Coffee Company (now part of the company’s food and beverage division). The
resulting company became Youngevity International, Inc. in July 2013. For more
information, visit the company’s website at www.YGYI.com
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