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.
Content retrieved from: https://www.naturalproductsinsider.com/market-trends-analysis/amway-s-revenues-continue-decade-long-slide-dropping-to-7-7-billion.
