As predicted, I am about to have a field day with this news. Quixtar sales are obviously not very good so they are delaying the reporting of their sales until after the Christmas season.
Watch for HUGE promotions in the next 2 months so that Quixtar might crawl out of their hole.
In the past, Quixtar's answer to poor sales growth was to raise their prices. Quixtar does not appear to be taking that tactic this time, which is good news for IBO's who already struggle with some of the highest priced products in the industry.
In past years, Quixtar has typically announced its annual sales in October based on the September 1 to August 31 performance year established for Independent Business Owners (IBOs).
While the company has not changed the timeframe for which it recognizes IBO achievements, it has changed its own financial reporting schedule as part of a larger shift made by parent company Alticor Inc. For tax reporting reasons, the companies now follow a calendar year for reporting financial performance.
As a result, Quixtar will not announce its corporate financial performance until after the New Year. At that time the company will announce sales for 2006 calendar year as well as sales reported for September through December 2005. After that, sales will be reported for each calendar year (which would not necessarily correspond with the IBOs' performance schedule).
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