Consumer Goods

Amplify Snack Brands Inc BETR Stock News

Amplify Snack Brands Inc (NYSE: BETR) is having an overwhelmingly strong day in the market today, and for good reason. The company announced that it would soon be acquired. Of course, this led to excitement among investors, causing gains in the stock. Today, we’ll talk about the acquisition, what we’re seeing from BETR as a result, and what we’ll be watching for ahead.





BETR Will Be Acquired

As mentioned above, Amplify Snack Brands is having an overwhelmingly strong start to the trading session this morning after announcing acquisition news. According to a press release that was offered early this morning, The Hershey Company (HSY) has entered into an agreement to buy the company. Under the terms of the agreement, HSY will be acquiring BETR in an all cash deal valued at $12 per share. In a statement, Michele Buck, President and CEO at HSY, had the following to offer:




“The acquisition of Amplify and its product portfolio is an important step in our journey to becoming an innovative snacking powerhouse as together it will enable us to bring scale and category management capabilities to a key sub-segment of the warehouse snack aisle… Hershey’s snack mix and meat snacks products, combined with Amplify’s Skinny Pop, Tyrells, Oatmega, Paqui and other international brands, will allow us to capture more consumer snacking occasions by creating a broader portfolio of brands.”

The above statement was followed up by Tom Ennis, President and CEO at BETR. Here’s what he had to offer:

“Since Amplify’s inception in 2014, our company’s goal has been to bring transparency to our products, and clean ingredients and great tasting snacks to consumers… The transaction is a continuation of our mission as Hershey also believes in bringing to consumers great-tasting snacks made with the best ingredients possible. Hershey is a great cultural partner for Amplify and I’m excited for our team who will have access to Hershey’s marketing and go-to-market resources to take our brands to the next level.”

What We’re Seeing From The Stock

One of the first things that we learn when we get into the market is that the news causes movement, and there are few bits of news that can lead to the type of movement that acquisition news will. Of course, with the strong acquisition news, we’re seeing strong gains in the value of the Amplify Snack Brands as a result. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:32), BETR is trading at $11.94 per share after a gain of $4.94 per share or 70.50%.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will keep our eyes on the deal between BETR and HSY. While the boards of both company’s have unanimously approved the transaction, it is still subject to customary closing conditions. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Long Island Iced Tea LTEA Stock News

Long Island Iced Tea Corp (NASDAQ: LTEA) is having an overwhelmingly strong day in the market today, and for good reason. The company announced that it has signed multiple distribution agreements, leading to excitement among investors. Below, we’ll talk about the agreements, what we’re seeing from the stock, and what we’ll be watching for with regard to LTEA ahead.





LTEA Signs Multiple Distribution Agreements

As mentioned above, Long Island Iced Tea is having an incredibly strong day in the market today after announcing that it has signed multiple distribution agreements. The distribution agreements were signed with Natur, a European hi-tech health food and beverage company.

The distribution agreements were much like a product trade. Under the terms of the agreements, LTEA will be the exclusive distributor of Natur brand products in both North and South America. On the other hand, Natur will be the exclusive distributor of Long Island Iced Tea brand products in Europe.




In the PR, LTEA said that the first products it will distribute under the Natur brand are the company’s Super Not-From-Concentrate (SNFC) line of juices. These juices are available in 250ml and 750ml bottle sizes. In a statement, Philip Thomas, CEO at LTEA, had the following to offer:

“We are very excited with the opportunity to distribute Natur’s hi-tech, better-for-you brands in North and South America. Its brands are supported by ‘farm-to-shelf’ traceability, and the company has access to outstanding research and development via its shareholder AMC.”

The above statement was followed up by Jan van Olm, CEO at Natur. Here’s what he had to say about the agreements with Long Island Iced Tea:

“Long Island Iced Tea is a great partner for us in the US, having an established and extensive distribution footprint across the Northeast of the US as well as emerging positions in Canada and Latin America. We believe their existing distribution position, underpinned by our effective e-commerce platforms which we will roll out and support in the US, will combine to create exciting growth opportunities. Reciprocal to this, we expect Natur to deliver similar benefits for the Long Island Tea brands in Europe.”

How The Stock Is Reacting To The News

As investors, we know that the news moves the market. This is proving to be the case today for LTEA. After the company made the announcement of the distribution agreements, it started to soar. While the gains on the stock have tapered off a bit since early trading, the stock is holding onto impressive gains. Of course, our partners at Trade Ideas were the first to alert us to the movement. At the moment (11:23), LTEA is trading at $2.12 per share after a gain of $0.37 per share or 21.23% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on LTEA. In particular, we’re interested in watching as the distribution agreements signed today lead to stronger brand awareness on a global scale as well as improved sales and revenue. We’ll also be watching for other potential distribution agreements in other regions around the world. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Tesla TSLA Stock News

Tesla Inc (NASDAQ: TSLA) is having a relatively strong start to the trading session, and for good reason. Elon Musk surprised investors with the unveiling of a new car, and that care is a big game changer. Today, we’ll talk about the new product offering, how the stock is reacting to the news, and what we’ll be watching for with regard to TSLA ahead.





TSLA Unveils Its New Roadster

As mentioned above, late yesterday after hours, Tesla surprised investors when Elon Musk unveiled a new roadster. The new vehicle wasn’t only a surprise, it’s a first in its class offering. The new vehicle, known as the Roadster is a record-breaking car as soon as it comes off of the line.

In fact, the TSLA Roadster will be the fastest production vehicle on the road. The car is capable of going from 0 to 60 in just 1.9 seconds; breaking the 2 second barrier for the first time ever in a production vehicle.




However, if you want a Roadster from TSLA, you’re going to have to pay for it. The car comes with a base price of $200,000. At the moment, you can reserve one of these vehicles for $50,000. If you want to go up a notch, Tesla is also launching the Founders Series Roadsters. These vehicles will be limited to the first 1,000 reservations and comes with a price of $250,000.

The game changing part of this is that this isn’t only going to be the fastest production vehicle on the road. As with all TSLA vehicles, the Roadster is an electric car. The fact that the car can go from 0 to 60 in 1.9 seconds and doesn’t burn gasoline to do so is absolutely astounding and what Elon Musk calls a smackdown to gasoline powered vehicles.

How The Stock Is Reacting To The News

As investors, we’ve come to expect that when positive news is released surrounding a publicly traded company, we can expect to see gains in the value of the stock that represents the company. That’s exactly what we’re seeing out of Tesla today. With the new product offering on the minds of investors, the stock is making a run for the top. At the moment (9:06), TSLA is trading at $325.87 per share after a gain of $13.37 per share or 4.28% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on TSLA. In particular, we’re interested in following the story surrounding the Roadster and excited to see how many of the new vehicles are sold. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Dicks Sporting Goods Inc DKS Stock News

Dicks Sporting Goods Inc (NYSE: DKS) is having a relatively rough day in the pre-market hours this morning, and it’s proving to be a bit of a surprise for many. The company reported its earnings for the third quarter, beating expectations and setting the stage for a strong Q4 based on guidance. However, with margins feeling some pain and expectations for 2018 earnings to fall by around 20%, investors are reacting negatively. Today, we’ll talk about what we saw from earnings, what we’re seeing from the stock, and what we’ll be watching for with regard to DKS ahead.





DKS Announces Earnings

As mentioned above, Dicks Sporting Goods released its financial results for the third quarter this morning, beating expectations on all fronts. Here’s what we saw from the report:




  • Earnings Per Share – In terms of earnings per share, DKS did overwhelmingly well. During the third quarter, it was expected that the company would generate earnings in the amount of $0.26 per share. However, the company beat expectations, announcing earnings in the amount of $0.35 per share. After adjusting for pretax gains, earnings came in at $0.30 per share with both figures beating expectations.
  • Revenue – Revenue also proved to be a strong figure for DKS. During the quarter, it was expected that the company would generate revenue in the amount of $1.89 billion. However, the company actually reported revenue in the amount of $1.94 billion.
  • Guidance – Finally, guidance proved to be yet another bit of positive news for Dicks Sporting Goods. For the fourth quarter, it is expected that the company will generate between $1.12 per share and $1.24 per share in earnings. At the moment, analysts are only expecting for the company to generate earnings in the amount of $1.10 per share.

In a statement, Edward W. Stack, Chairman and CEO at DKS, had the following to offer:

In the third quarter, we delivered earnings per diluted share and comp sales at the high end of our expectations, with continued double-digit growth in eCommerce. As expected, margins were under pressure in this highly promotional environment, but our strategy for this environment enabled us to continue to capture market share… As we look to the fourth quarter, we are comfortable with our prior implied sales and earnings outlook, and believe we are well positioned to gain additional market share.

Looking ahead, we see tremendous opportunity in our industry as it continues to evolve. We plan to make significant investments in our business, which will have short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future. We plan to increase investments in our eCommerce business, the technology in our stores and store payroll in order to enhance the customer experience. Meaningful investments will also be made to DICK’S Team Sports HQ, and in the development and support of our private brands. Given these investments, continued gross margin pressure and approximately flat comp sales, we expect earnings per diluted share to decline by as much as 20 percent in 2018.”

What We’re Seeing From The Stock

Normally, when earnings and revenue come in ahead of expectations, we can expect to see gains in the stock. However, in this particular case, while earnings and revenue were positive, there are some big concerns with regard to margins, comp sales, and earnings in the year ahead. As a result, investors are reacting negatively to the report. Currently (9:11), DKS is trading at $24.91 per share after a loss of $1.41 per share or 5.36% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on DKS. In particular, we’re interested in following the company’s efforts to tackle a larger percentage of the market share in the promotional environment while staking claim to a stronger eCommerce presence. While their efforts are going to cost them, and 2018 isn’t likely to be a great year, these moves could be a major positive for the long run. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Mattel, Inc. MAT Stock News

Mattel, Inc. (NASDAQ: MAT) is having an overwhelmingly strong day in the market today as reports surface that the company may soon be taken over by a massive rival. Of course, this is leading to excitement among investors and sending the stock toward the top. Today, we’ll talk about the takeover chatter, how the stock is reacting to the news, and what we’ll be watching for with regard to MAT ahead.





MAT Heads Up On Takeover Chatter

As mentioned above, Mattel is having an incredibly strong day in the market today as takeover chatter continues to circle around the company. According to various unconfirmed reports, a takeover approach has been made by the company’s rival Hasbro, Inc. (NASDAQ: HAS).




In general, we warn against making moves in the market based on rumors. At the end of the day, rumors are the most common form of market manipulation, and can lead to losses for many if you act on them. However, this particular rumor isn’t like most rumors that we see in the market. In this particular, case, the story of the Barbie and Hotwheels maker being taken over by the owner of brands like Nerf and Monopoly first surfaced on The Wall Street Journal. Considering the source of the rumor, there might actually be something to this one as I doubt that a WSJ contributor would be willing to tarnish their name to publish a bogus rumor.

Many argue that now would be the time for large companies in the toy industry to start to merge. After all, MAT, and others in the industry have seen a massive decline in market cap over the past several years. In fact, even Toys ‘R’ Us frecently filed bankruptcy. However, in a recent statement, Brian Goldener CEO at HAS, had the following to offer about the Toys ‘R’ Us Bankruptcy, suggesting that he doesn’t expect for the bankruptcy to have a profound effect on Hasbro:

[The Toys ‘R’ Us bankruptcy filing] will not be an issue for us in 2018… We paused shipment for a short period as we gain clarity… Our finance and Toys ‘R’ Us commercial teams worked on an agreement we signed a few days ago… We just need to determine what Toys ‘R’ Us can receive in the next few months.”

How The Stock Is Reacting To The News

As we can expect any time rumors break of a potential takeover, Mattel is seeing strong gains in the market today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:56), MAT is trading at $17.49 per share after a gain of $2.87 per share or 19.63% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on MAT and HAS. After all, we’re interested in learning if this takeover is going to take place. While most rumors in the market tend to lack validity, that doesn’t seem to be the case here. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Youngevity International YGYID Stock News

Youngevity International Inc (NASDAQ: YGYI) announced big news today. The company said in a press release that it would be hosting its earnings call soon. Here’s what we saw from the release:





YGYI To Host It’s Earnings Call Soon

As mentioned above Youngevity International made a key announcement this morning. The company announced that it will be hosting a conference call on Monday, November 13, 2017 at 4:15 Eastern Standard Time. The call will center around the Company’s financial results for the quarter ending on September 30, 2017. It is expected that these financial results will be released during pre-market hours on November 13, 2017.




In their PR, YGYI informed investors that the senior management of the company will host the call with Mr. Steve Wallach, Chairman and CEO leading the charge. The call will also include comments by Dave Briskie, President and CFO at YGYI. During the call, the two will discuss the financial results, provide an update on current business trends and answer questions that have been submitted by shareholders. If you are interested in taking part in the call, you can do so with the following information:

To Submit Questions: Questions for the YGYI management team can be submitted via email at http://ygyi.com/info-opt-in.php. Please be sure to submit your questions by 12:00 PM Eastern Standard Time on November 9, 2017.

Access The Live Call: If you would like to access the live call, please dial (877) 388-7629. There is no access code required to join the call. However, Youngevity International is encouraging investors to dial in at least 5 minutes prior to the call.

Recorded Playback: If you cannot make it to the call for the live presentation, there will be a recorded and archived on the company’s website for approximately 6 months. You can listen to the recorded call at http://ygyi.com/calls.php.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on YGYI. In particular, we’re interested in following the earnings release. We’re also interested in following the continued growth of the company’s robust product offerings and continued uptake of these offerings. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Mondelez International Inc MDLZ Stock News

Mondelez International Inc (NASDAQ: MDLZ) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company reported earnings, not only beating expectations, but proving exponential growth on a year over year basis. Of course, this led to excitement, sending the stock screaming toward the top and prompting our friends at Trade Ideas to send the alert. Below, we’ll talk about what we saw from earnings, how MDLZ reacted to the news, and what we’ll be watching for ahead.





MDLZ Reports Earnings

As mentioned above, Mondelez International is having an overwhelmingly strong start to the trading session this morning after reporting its earnings for the third quarter. Here’s what we saw from the report:




  • Profit – In terms of profit, MDLZ did overwhelmingly well. During the third quarter, the company generated profit in the amount of $992 million or $0.65 per share. That’s a massive increase on a year over year basis from $548 million in profit or $0.35 per share.
  • Earnings Per Share – With the exclusion of one-time gains and costs, MDLZ reported incredibly strong earnings per share. During the quarter, analysts expected that the company would report adjusted earnings per share in the amount of $0.54. However, the company actually reported earnings in the amount of $0.57 per share.
  • Revenue – Finally, revenue also proved to be a big hit for Mondelez International. During the quarter, analysts expected that the company would generate revenue in the amount of $6.46 billion. However, the company actually reported revenue in the amount of $6.53 billion, once again topping expectations.

In a statement, Irene Rosenfeld, CEO at MDLZ, had the following to offer:

We’re making good progress on many of our key strategic initiatives and remain confident in our ability to deliver long-term, sustainable growth on both the top and bottom lines.”

How The Stock Reacted To The News

As we’ve come to expect, any time we see positive earnings results, we can expect to see gains in the value of the stock associated with the earnings. That’s exactly what we’re seeing out of MDLZ today. Currently (9:57), the stock is trading at $41.90 per share after a gain of $2.60 per share or 6.62% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on MDLZ. In particular, we’re interested in following the ongoing growth as the company saw some compelling movement in the third quarter. It is expected that this momentum will continue through Q4. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Restoration Hardware RH Stock News

Restoration Hardware Holdings, Inc (NYSE: RH) is having an overwhelmingly strong day in the market today after reporting their earnings late yesterday. The company blew away expectations, causing excitement among investors and leading to gains in the value of the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:01), RH is trading at $71.34 per share after a gain of $21.99 per share (44.56%) thus far today.





RH Gains On Strong Earnings

As mentioned above, Restoration Hardware is having an overwhelmingly strong start to the trading session today after reporting earnings for the second-quarter of fiscal 2017. Here’s what we saw from the report:

  • Earnings Per Share – In terms of earnings per share, RH did overwhelmingly well. The company reported earnings in the amount of $0.65 per share. Not only did that beat Zacks estimates by 38.3%, but it also showed incredible year-over-year growth in the amount of 47.7%.




  • Revenue – Revenue also proved to be a big hit. During the quarter, analysts expected that the company would generate revenue in the amount of $612.7 million. However, the company actually reported revenue in the amount of $615.3 million, beating estimates and showing a 13.2% year-over-year increase.
  • Guidance – Finally, RH is expecting to have an incredible third quarter as well. During the quarter, the company is expecting to generate revenue in the range between $575 million and $590 million. For the full year, revenues are expected to come in between $2.4 billion and $2.5 billion. The company also expects net income to come in between $70 million and $77 million, a nice increase from previous expectations of between $60 million and $70 million. Finally, it is expected that earnings per share for the full year will come in in the range between $2.43 and $2.67.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on RH. In particular, we’re interested in seeing if the company can reach the high bar it has set for itself for the rest of the year. We’re also interested in watching the three next generation design galleries that the company is expecting to open throughout the rest of the year. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Youngevity International YGYID Stock News

Youngevity International Inc (NASDAQ: YGYI) is having a relatively strong day in the market today after celebrating its twenty year anniversary. The direct-selling company has grown tremendously over these 20 years. Currently (9:40), YGYI is trading at $5.31 per share after a gain of $0.16 per share or 3.11% thus far today.





YGYI Celebrates 20 Years In Business

As mentioned above, Youngevity International is having a strong day in the market today after celebrating their 20 year anniversary at their annual convention. This year’s convention was titled “Lead the Change” and was held in Dallas, TX, at the Hyatt Regency Reunion Conference Center.




The event featured new product launches and packaging, more than 100 breakout sessions, and a new Expo and Hub area that gave those who attended the ability to interact with Brand Champions and learn about the vast assortment of products offered by the company. In a statement, Steve Wallach, Chairman and CEO at YGYI, had the following to offer…

This year’s convention has been an extremely rewarding experience to not only Youngevity’s management but also to the thousands of distributors in attendance. From my perspective these annual events illustrate that our core philosophy of betterment remains as our influence grows. I saw many who have been with us since early in our existence and yet to meet so many from different areas of the world who have recently joined Youngevity and add to the enthusiasm associated with this company.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on YGYI. In particular, we’re interested in following the company’s ongoing growth in the direct selling space and excited to see the future products that are amassed. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Youngevity International YGYID Stock News

We’ve been following Youngevity International for quite some time now, and for good reason. Since the company was brought to our attention, we’ve seen consistent news, and that news has been overwhelmingly positive. With so much coming out over the past few months, we figured that now would be a good time to go back and provide a bit of a recap with regard to what we’ve seen from YGYI over recent months.

June 21st YGYI Hits The NASDAQ!

We started covering Youngevity shortly before they made it to the NASDAQ. On June 21st, the company was uplisted. The day before the uplist, the company announced the biggest acquisition it had been part of to date. On June 20th, YGYI announced that it had entered into a definitive agreement to acquire Sorvana International, bringing on the FreeLife and L’dara brands.

With regard to the uplist to the NASDAQ, Steve Wallach, CEO and Co-founder of YGYI, had the following to offer:

Youngevity’s listing on the NASDAQ Capital Market is a major corporate milestone and a source of great pride for the Youngevity family of employees, distributors, executives and supporters that have contributed to this moment. What enhances the sense of pride and accomplishment is that Youngevity attains this listing by executing and delivering on our business plan and our priority to grow shareholder value with minimal dilution. We are happy to say that meeting NASDAQ’s requirements is a culmination of the dedication and hard work of so many throughout the Youngevity family.”

With regard to the acquisition of Sorvana International, Mr. Wallach stated:

FreeLife has a proud 22 year history of success in the Direct Selling Profession and L’dara’s patented skin care products are very special. We believe acquiring Sorvana International represents a true expansion of our mission of betterment, and delivering exceptional, science based wellness products for optimal health to our customers… We are very proud of this acquisition as it represents our largest transaction in terms of top line revenue and in numbers of quality field leadership.”

June 29th Pürmeric™ Debut Is Announced

On June 29th, YGYI announced the debut of Pürmeric™, the newest product in the ProLine collection. Pürmeric™ consists of 95% curcuminoids from certified turmeric root and is believed to to deliver a greater antioxidant capacity than most turmeric products on the market today. In a statement, Dave Briskie, President and CFO at Youngevity International, had the following to offer with regard to the debut:

Pürmeric delivers yet another example of our commitment to offering quality and science when we create a nutritional product or supplement… We are not in the business of offering ‘me-too’ products. We are in the business of offering robust product entries that can compete strongly across the supplement spectrum.”

July 10th YGYI Announces Completion Of Sorvana International Acquisition

Following up on the news that was released in late June, Youngevity announced on July 10th that it had completed the acquisition of all assets of Sorvana International. This was incredible news, as this acquisition completion brought on key assets from a company that has a 22-year successful run in the wellness industry, while bringing in key skincare products from a company that has seen incredible success since 2013. In a statement with regard to this news, Steve Wallach offered the following:

We are very proud of having closed on the acquisition of Sorvana International. Sorvana embodies so many of the attributes we look for in an acquisition, ranging from the level of quality products, the amount of distributors and customers, and the geographic footprint the company currently has in the marketplace. We have been seeking to acquire an established company with international distribution and we are very fortunate to have find that opportunity in Sorvana.”

July 12th YGYI Announces The Launch Of Snap2Finish

In July, the news kept rolling as Youngevity International announced the launch of Snap2Finish, it’s break into the $16.8 billion industry that is known as the photo printing and merchandise industry. Snap2Finish gives users the ability to turn their favorite pictures into a variety of gifts and products. With everything from beach towels to coffee mugs and photobooks being offered, Snap2Finish has the ability to be a key driver of revenue ahead. In a statement, Dave Briskie, President and CFO at YGYI, had the following to offer with regard to this news:

We are proud to launch Snap2Finish today and happy to offer another product category to our distributors that they can now bring to their customers… We are enthusiastic about our partnership with Fuji and quite pleased with the quality they are bringing to our Snap2Finish technology. We anticipate expanding these capabilities to our Australia and New Zealand markets later this year.”

July 25th Luke Taffuri Is Brought Onto The Team

On July 25th, more news broke as YGYI made a key addition to its management team. The company announced that it had appointed Luke Taffuri to the position of VP of International Sales and Operations. This is a key addition, as Mr. Taffuri brings more than 22 years of direct selling experience and held the position of COO at Sorvana International, a company that was recently acquired by Youngevity International. In a statement about the appointment, Mr. Taffuri had the following to offer:

I am impressed with what Youngevity has in place for their current international markets from an operational, technological, and product offering standpoint. I am most impressed, however, with the quality of the people and the culture that has been built throughout the organization. They have a great foundation illustrated by their 20 year history which I believe will lead to more efficient and productive transitions in the international marketplace. Initially I will focus on driving revenue growth across the global platform. As markets begin to scale I will set my sites on operational efficiencies and profitability.”

August 3rd Alliance With Ascaso Announced

Early this month, YGYI kept the news coming when it announced that CLR Roasters, its wholly-owned subsidiary, entered into an alliance with Ascaso. This alliance gave CLR Roasters exclusive distribution rights with regard to Ascaso’s Espresso Equipment for the Food Service market in South Florida. On the same day, the company announced that Café La Rica, A CLR Roasters product, became the Official Cafecito of the Miami Marlins. In a statement regarding the news, Ernesto Aguila, President of CLR Roasters and founder of the Café La Rica brand, offered up the following:

We are proud to now exclusively provide Ascaso Expresso Equipment alongside our As Café La Rica espresso in the food service market. In my opinion, there is no better espresso equipment available in the market today and we expect this competitive advantage to continue to drive the momentum of Café La Rica as we move toward national distribution.”

August 10th YGYI Announces Impressive Earnings Results

Finally, on August 10th, YGYI announced its financial results for the most recent quarter. During the quarter, revenue rose by $2.8 million compared to the first quarter of the year, direct selling revenue increased by 6.9% over Q1, coffee segment revenues rose by 9.1%, and EBITDA came n at $745 thousand for the quarter, a sizable improvement over the loss of $1.24 million seen in the first quarter. In a statement, Dave Briskie had the following to offer with regard to these results:

Following the fourth quarter of 2016 and the first quarter of 2017 which we felt were lackluster our executive team has refocused and increased its commitment toward driving consolidated revenue growth, strengthening our adjusted EBITDA, accelerating our international sales, and driving top line revenue growth for our coffee segment. In the second quarter, we made solid progress in each of these key metrics and we will be measuring our performance in these areas in the coming quarters with an expectation of continued progress for the remainder of 2017 and into 2018.”

Final Thoughts

Youngevity International has been an interesting company to follow. With the company making big moves quite consistently to further take control of the direct selling market, bring new products to the table, and offer growth in key financial data, it’s hard not to keep a close eye and wonder just what’s going to happen next!

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