Reliv Tops $30M in First Two Months of 2007

April 9, 2007

1 Min Read
Reliv Tops $30M in First Two Months of 2007

CHESTERFIELD, Mo.—Reliv International (NASDAQ:RELV) reported retail sales surpassed $15 million for each of the first two months in calendar 2007, the first time sales have topped such heights. In achieving this sales record, 50 top-level Reliv distributors earned incentive trips to Germany. Retail sales at Reliv (www.reliv.com) represent sales before distributor allowances, which range from 20 to 40 percent of retail price.

The current gains follow a successful fourth quarter (4Q) 2006 performance, leading to record results for its fiscal year 2006 (FY06). Revenues rose 4 percent to $28.6 million in 4Q, reaching a record $117.5 million for the year. As a result, 4Q earnings swelled nearly 12 percent to $2.0 million or $0.12 per share, driving FY06 income up 5 percent to $7.9 million or $0.47 per share.

“Our proprietary nutritional supplements, outstanding business opportunity and a disciplined system to help distributors expand their businesses led us to improved performance in 2006, and we believe that they’ll lead to further growth in 2007,” said Robert L. Montgomery, chairman, chief executive officer (CEO) and president of Reliv. “I’m pleased with the growth in 2006, but our goal is to return to double-digit growth in both net sales and earnings.”

New distributor signups in 4Q increased 3 percent worldwide, compared to the same quarter of 2005, with regional gains in the United States, Australia/ New Zealand and United Kingdom/Ireland. However, overall distributor count was flat in FY06 compared to the year prior. Montgomery noted the 4Q growth in distributorships appears to be carrying over into the first months of FY07.

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