Lifevantage Reports Second-Quarter Profit, Provides Earnings Outlook
LEHI, Utah, August 11, 2023 – Lifevantage Corp. (LFVN) today announced a net income of $2.6 million for its fiscal second quarter. Diluted earnings per share were 19 cents, while adjusted earnings per share, excluding non-recurring expenses, were 22 cents.
The dietary supplements and skin care products company generated revenue of $67.8 million during the quarter. Lifevantage also provided an earnings outlook for the full year, projecting earnings per share in the range of 72 cents to 88 cents and revenue between $235 million and $245 million.
"We are pleased with our second-quarter results, which reflect the continued strength of our business," said Lifevantage CEO Darren Jensen. "We remain confident in our long-term growth prospects and are committed to executing our strategic plan to drive shareholder value."