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LifeVantage Announces Strategic Shift and 22% Decline in Q1 Revenue

The Motley Fool +1 · ·by G4L

LFVN
LFVN Lifevantage Corp
$5.29 +1.34%
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  1. 1LifeVantage recorded Q1 revenue of $37.1 million, representing a 22% decline in Q1 LifeVantage sales.
  2. 2CEO Terence O. Moorehead announced a strategic shift toward a brand-centric and consumer-centric model.
  3. 3LifeVantage will change its fiscal year to align with the calendar year starting January 1, 2027.

So what's the key point?

LifeVantage's Q1 revenue decreased by 22 percent. The company has decided to change its strategy to focus on brands and consumers.

Source The Motley Fool +1 · View original ↗

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