Alticor, and it's subsidiaries Amway and Quixtar, typically announce their yearly sales data at this time of year. Instead, an accounting change has been announced –
Quixtar Annual Sales Announcement
Corporate changes result in new financial reporting timeframe. 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 26 calendar year as well as sales reported for September through December 25. After that, sales will be reported for each calendar year (which would not necessarily correspond with the IBOs' performance schedule).
I'm sure critics will have a field day interpreting the meaning behind this! In the meantime, let's have some fun with a new poll. What will Alticor's 26 "Calendar Year" Sales Data be like compared to the 25 "IBO Financial Year" data? Vote to the left!
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