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://cnw.fm/VMs2s or by dialing 206-402-0100 and using access code 634174#.
To view the full press release, visit http://cnw.fm/8SEb3
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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