Supplement maker Juice Plus+ Co.’s revenue and earnings are sinking as the multi-level marketing company struggles to attract and retain distributors to sell its products.
The company’s revenue dropped around 20% in the nine months through January compared with a year earlier, while a measure of earnings fell 40%, according to S&P Global Ratings. Analysts Dinushanth Ramanathan and Gerald Phelan expect the company’s performance to continue to decline this year as pandemic restrictions ease and more traditional employment opportunities become available.
Juice Plus+’s financial metrics are likely to be at “levels we deem unsustainable for its capital structure” ...
