Nature’s Sunshine Products, Inc., (NASDAQ: NATR), a leading natural health and wellness company manufacturing high-quality herbal and nutrition products, recently announced that Shane Jones has been named Chief Financial Officer, effective December 30, 2022.
Jones brings over 25 years of finance experience, having previously served as the Chief Financial Officer at well-known companies like West Marine, 1-800 Contacts, and Backcountry.com. He also held senior-level finance roles at several notable companies, including Amazon, L Brands, and YUM! Brands.
Most recently, Jones joins Nature’s Sunshine from FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket service facilities, where he served as the company’s Chief Financial Officer.
“We are pleased to have someone with Shane’s strong background join our team,”
said Terrence Moorehead, President, and Chief Executive Officer.
“His proven track record of creating high-performing teams, while working collaboratively to achieve business objectives, will play an important role in ensuring we continue to drive growth across the business.”
Jones will report directly to the CEO and serve as a key member of the Company’s Executive Committee. He will also work closely with the company’s Operating Business Units, IT, and Supply Chain team to identify operating efficiencies and drive sustainable, profitable growth.
“Nature’s Sunshine has an incredible
Tag Archive for Nature’s Sunshine Products
Hot Business News Today
Nature’s Sunshine Products Reports Fourth Quarter Net Sales Up 5.2% To $88.3 Million
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc. (Nasdaq:NATR), a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today reported its financial results for the fourth quarter ended December 31, 2017.
At this time, the Company is providing preliminary ranges for its anticipated net loss for the fourth quarter and fiscal 2017 pending final determination of its provision for income taxes, including the impact of U.S. tax reform, among other factors. The Company expects to file its audited financial statements on form 10-K on March 16, 2018.
Management Commentary
“Our fourth quarter results reflect continued year-over-year net sales growth, driven by gains across our Synergy Worldwide markets and strong growth in our NSP business in Russia, Central and Eastern Europe,” commented Gregory L. Probert, Chairman and Chief Executive Officer.
“We believe the disruptions to our North America business as a result of a new ERP system deployed in April 2017 are now behind us, but we have additional work to do to re-energize the market. We posted growth in China and continue to emphasize expanding our direct selling efforts in this market with the goal of building a long-term profitable new market. Consistent with our initiative to
Hot Business News Today
Nature’s Sunshine Products Q3 Net Sales, Up 4.5% To $89.3 Million
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc. (NASDAQ:NATR), a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, recently reported its financial results for the third quarter ended September 30, 2017.
“We are pleased to report improved third quarter sales performance, returning to both year-over-year and sequential growth led by a recovery at Synergy Worldwide and strong growth in China,” commented Gregory L. Probert, Chairman and Chief Executive Officer.
“The disruptions that impacted sales earlier in the year have moderated with enhanced distributor engagement in Korea and improvements in the performance in North America. We will continue to focus on regaining sales growth in these two markets while driving continued growth in China as we expand our direct selling efforts. The growth at Synergy Worldwide was led by strength in Japan and our NSP business in Russia, Central and Eastern Europe contributed another quarter of growth.”
Mr. Probert continued, “After a period of significant investments, both in China and the ERP system implemented earlier this year, we are now focused on leveraging our China investments to build a long-term profitable and growing business in this promising market. Additionally, we have made significant progress migrating to
Hot Business News Today
Nature’s Sunshine Q4 Sales Up 5% To $84 Million
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc. (NASDAQ: NATR), a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, recently reported its financial results for the fourth quarter ended December 31, 2016.
Fourth Quarter 2016 Financial Highlights:
Net sales of $84.0 million increased 4.9% compared to $80.0 million in the fourth quarter of 2015. On a local currency basis, net sales increased 4.6% as compared to the fourth quarter of 2015. Synergy Asia Pacific delivered 13.7% growth (11.1% in local currency) in net sales as compared to the fourth quarter of 2015.
The quarter included incremental net sales of $2.3 million related to China pre-opening product sales through Hong Kong. Net sales were positively impacted by $0.3 million of favorable foreign currency exchange rate fluctuations, offset by a
Hot Business News Today
Nature’s Sunshine Products Q3 Sales Up 7.4% To $85.4 Million
by Ted Nuyten • • 0 Comments
Nature’s Sunshine Products, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today reported its financial results for the third quarter ended September 30, 2016.
“During the third quarter, our global growth trends continued and we made good progress with our key product and new market initiatives,” commented Gregory L. Probert, Chairman and Chief Executive Officer.
“We achieved our 9th consecutive quarter of growth in both NSP United States and NSP Canada and continue to focus on the expansion of our patent-pending IN.FORM program.
Synergy WorldWide once again delivered strong results, led by double-digit growth at Synergy Asia Pacific and further improvements in Synergy Europe.
The recent launch of Elite Health in Europe, to be followed by further introductions in Asia in
Hot Business News Today
Natures Sunshine Products Announces New Chief Financial Officer
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products,recently announced that Joseph W. Baty will join Nature’s Sunshine as Executive Vice President and Chief Financial Officer reporting to Gregory L. Probert, Chairman and Chief Executive Officer.
The planned retirement from NSP of current Executive Vice President and Chief Financial Officer, Stephen M. Bunker, was announced on March 6, 2016. Mr. Bunker will remain with the Company to assist with the transition for the remainder of the year.
Prior to joining Nature’s Sunshine Products, Joe was Executive Vice President and Chief Financial Officer at Schiff Nutrition International where he played a key role in the growth, improved financial performance, and dramatically increased shareholder value of the company. Joe worked for Schiff
Hot Business News Today
Nature’s Sunshine Products Named One Of Healthiest Companies In America
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc., a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, announced that it is once again among the Healthiest Companies in America, according to research by wellness solutions firm Interactive Health.
To compile its annual list, Chicago-based Interactive Health evaluates approximately 2,000 companies each year.
Honorees must achieve wellness program participation rates in excess of 70 percent, and a low-risk health score for their total population, based on clinical health evaluations.
In 2015, just 154 companies made the cut. NSP is the only company to earn the award for nine consecutive years.
“The tremendous executive support of our wellness program and its many options is what makes such an award possible,” said Christine Frazier, Manager of Insurance Benefits and Wellness
Hot Business News Today
Nature’s Sunshine Products Announces The Retirement Of Steve Bunker As Executive Vice President
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc., a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, announced today that Steve Bunker, Executive Vice President, Chief Financial Officer and Treasurer, will be retiring from the company at the end of fiscal 2016.
Mr. Bunker has served in his current capacity since joining the company in March 2006.
“Steve has played a pivotal role in solidifying Nature’s Sunshine Products’ financial systems and controls during his tenure,” said Gregory L. Probert, Chairman and Chief Executive Officer.
His contributions have greatly contributed to a culture of integrity, compliance and control at the company. He is a trusted partner within our leadership team, our Board of Directors and among our institutional investors.
We are grateful for his many contributions over
Hot Business News Today
Nature’s Sunshine Reports Q4 & Full Year 2015 Financial Results
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc., a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today reported its financial results for the fourth quarter and full year ended December 31, 2015.
Fourth Quarter 2015 Financial Highlights
Net sales revenue of $80.0 million, decreased 7.7% compared to $86.7 million in the fourth quarter of 2014. On a local currency basis, net sales revenue decreased 3.2% compared to the fourth quarter of 2014.
Net sales revenue was negatively impacted by $3.8 million of unfavorable foreign currency exchange rate fluctuations, as well as a $3.8 million decline in net sales in the NSP Russia, Central and Eastern Europe segment.
Net income from continuing operations was $3.3 million, or $0.19 per diluted common share, compared to $0.9 million, or $0.05
Hot Business News Today
Nature’s Sunshine Products To Close Vietnam Market
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc., recently announced a plan to streamline its operations and refocus its activities on profitable growth opportunities in response to conditions in certain of its markets.
The planned streamlining is expected to reduce costs, improve efficiencies and renew focus on larger and more profitable Company markets.
As part of the streamlining, the Company expects to close its Vietnam market, eliminate approximately 100 to 130 positions worldwide through both severance and attrition, and incur one-time expenses during the current year of approximately $3.9 million, which includes approximately $3.1 million of employee severance costs, $0.7 million related to the closure of Vietnam and $0.1 million in other related costs.
The vast majority of these costs will be incurred in the second quarter and all but approximately $0.1 million will be cash