Amway’s revenues continue decade-long slide, dropping to $7.7 billion

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Multilevel marketing giant Amway reported a 5% decline in earnings year over year, which the company attributed to a strong U.S. dollar and the ongoing fallout of pulling out of Russia. 

The Ada, Mich.-based company sent out an earnings press release earlier this month. The release reported Amway had brought in $7.7 billion in its fiscal 2023, which ended on Dec. 31, 2023. 

Amway was founded in 1949 to provide a sales mechanism for the company’s Nutrilite brand of supplements. The company claims Nutrilite is the world’s No. 1 selling brand of dietary supplements. Amway now features many product lines in addition to supplements. 

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