Youngevity International, Inc. (YGYI) Tops Q2 EPS by 3c, Slight Beat on Revenues

Youngevity International, Inc. (NASDAQ: YGYI) reported Q2 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $44.25 million versus the consensus estimate of $44.21 million.

Steve Wallach, CEO and Co-Founder of Youngevity stated, "We are encouraged to see our revenue and adjusted EBITDA bounce back from the levels achieved last year. A 6.6% revenue increase and over a $1.3 million improvement in operating income comparing the same quarter 2017 to 2018 is a step in the right direction. I am most encouraged by the contribution coming from our global expansion which contributed over 17% of our direct selling revenue."

Youngevity President and CFO, Dave Briskie stated, "We believe eclipsing $3.7 million in adjusted EBITDA at the half way point of 2018 is a significant improvement over last year. Directing our efforts toward revenue growth, improved profitability for the remainder of this year and combining this initiative with the $250 million, 5 year coffee contract announced just two weeks ago should have us well positioned for 2019."

For earnings history and earnings-related data on Youngevity International, Inc. (YGYI) click here.

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