Nature’s Sunshine Products, Inc. (Nasdaq: NATR) (Nature’s Sunshine), a leading natural health and wellness company of high-quality herbal and nutritional products, reported financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Financial Summary vs. Same Year-Ago Quarter
Net sales were $104.2 million compared to $109.0 million.
GAAP net income was $1.0 million, or $0.03 per diluted share, compared to $6.8 million, or $0.32 per diluted share.
Adjusted EBITDA was $9.0 million compared to $13.4 million.
Management Commentary
“The challenges facing our world certainly remained in the second quarter,”
said Terrence Moorehead, CEO of Nature’s Sunshine.
“The devastating war in Ukraine, rampant inflation, supply chain pressures, and the lingering impact of COVID-19 hampered our vision to share the healing power of nature with everyone.
Despite the headwinds, our revenue was flat on a constant currency basis, driven by continued rapid growth in Asia and mitigated losses in Europe. We believe these outcomes illuminate the resilience of our brand, the power of our vision, and the advantages of our global presence.
“As we look to the remainder of the year, we recognize the volatility and uncertainty of the operating environment.
However, we will continue to invest in our five global growth strategies and support our partners
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Nature’s Sunshine Appoints Terrence Moorehead As Chief Executive Officer
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc. (NASDAQ: NATR), recently announced that Terrence Moorehead has been appointed Chief Executive Officer and a member of the Company’s Board of Directors effective October 1, 2018.
With over 20 years of experience developing consumer strategies, strengthening processes, and driving profitability across multiple channels, Mr. Moorehead brings leadership, passion and focus to Nature’s Sunshine. His in-depth experience leading complex transformations, revitalizing brands, and building high-performance teams is fully in line with the company’s future plans.
“We are excited to have someone of Terrence’s caliber lead Nature’s Sunshine into the future,” said J. Christopher Teets, board member, Chairman of the Governance Committee and a member of the executive search committee.”
“He brings a rich combination of leadership, experience, and energy that will breathe new life into the business. His extensive international experience, strong strategic and operational background, and practical hands-on experience building positive relationships will be valuable assets as we reposition the company for the future. Employees and distributors will find his dynamic and high energy leadership style engaging and contagious.”
Mr. Moorehead joins Nature’s Sunshine from Carlisle-Etcetera LLC, a luxury women’s apparel house that creates exclusive designer collections. At Carlisle, he enhanced branding, contemporized styling, and improved service by building omni-channel
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Nature’s Sunshine Reports 12% Increase In Q2 Net Sales To $91.3 Million
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc., the Lehi, Utah-based natural health and wellness company, recently reported its net sales for the second quarter ended June 30, 2018, increased 12.2 percent year-over-year to $91.3 million compared to $81.3 million in the second quarter of 2017.
“We generated strong second quarter sales growth compared to the prior year period, which combined with our focus on cost controls led to improvement in both net income and EBITDA compared to the prior year,” said Gregory L. Probert, chairman and chief executive officer.
According to the company, sales growth was primarily related to continued growth in Synergy Asia Pacific, NSP Russia, Central and Eastern Europe and NSP China, offset by a $1.0 million decline in net sales in NSP Americas and a $1.0 million decline in Synergy Europe.
In China, where Nature’s Sunshine is in the early development of direct selling operations, the company dedicated management resources to increasing the engagement of independent service providers over the past several months and will continue to focus on broadening its leadership and driving a long-term growth opportunity in the market.
For the year, net sales increased 8.6 percent to $178.6 million compared to $164.4 million in the six months ended June 30, 2017. Growth
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Nature’s Sunshine Products Receives Direct Selling License In China
by Ted Nuyten • • 0 Comments
Nature’s Sunshine Products (NASDAQ: NATR), “the Company”, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today announced that it has received its direct selling license from MOFCOM, China’s Ministry of Commerce.
The license allows Nature’s Sunshine to begin to expand its business scope, including direct selling activities within China. Headquartered in Shanghai, a leading economic center with an urban population of more than 24 million residents, Nature’s Sunshine China began to apply for the direct selling license with MOFCOM following the formation of a joint venture with Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (Fosun Pharma), a leading, local healthcare company, in 2014.
The joint venture was the first of its kind between a U.S. company and a Chinese company for direct selling products in China, representing a significant competitive differentiator in the marketplace.
“We are greatly honored to receive our license from the People’s Republic of China,”
commented Gregory L. Probert, Chairman and Chief Executive Officer.
“This marks an important step toward realizing the vision and potential we saw when we joined forces with Fosun Pharma almost three years ago. By bringing Nature’s Sunshine to the people of China, we are opening
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Nature’s Sunshine Wins Healthiest Company In America For 10 Consecutive Years
by Nicole Dunkley • • 0 Comments
As part of its 45th anniversary celebration, Nature’s Sunshine Products, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, was named one of the Healthiest Companies in America by Interactive Health of Chicago, IL for a 10th consecutive year.
Out of the more than 3,000 companies across the United States evaluated by Interactive Health, only 156 earned this recognition in 2016, and Nature’s Sunshine is the only company to have received this award each year it has been given—for 10 straight years.
A global leader in nutritional products, Nature’s Sunshine is focused on helping people, including its employees, live healthier lives.
The company espouses a “culture of health” that encompasses a variety of activities throughout the year, including a 12-week Fitness Challenge;
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Nature’s Sunshine Celebrates 45th Anniversary
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, recently celebrated their 45th anniversary.
Founded by the Hughes family in 1972, Nature’s Sunshine has grown from a small, family-run company to a multi-brand, multi-channel international business with hundreds of thousands of independent distributors across the globe.
Nature’s Sunshine began when Gene Hughes took capsicum (cayenne pepper) by the spoonful as an herbal remedy for a nagging stomach condition. He felt better and tried to get his wife to take it, but she insisted on taking it in a capsule.
Upon discovering that no one offered encapsulated herbal products, the Hugheses revolutionized the supplement industry with easy-to-take, encapsulated herbal supplements. This simple innovation has helped shape the modern supplement
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Nature’s Sunshine Q1 Revenue Down 1.8% To $83.9 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 first quarter ended March 31, 2016.
Net sales revenue of $82.4 million decreased 1.8% compared to $83.9 million in the first quarter of 2015. On a local currency basis, net sales revenue increased 1.3% compared to the first quarter of 2015.
Net sales revenue was negatively impacted by $2.5 million of unfavorable foreign currency exchange rate fluctuations as well as a $1.1 million decline in net sales in the NSP Russia, Central and Eastern Europe segment.
Net income from continuing operations was $1.8 million, or $0.11 per diluted common share, compared to $4.2 million, or $0.23 per diluted common share, in
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Nature’s Sunshine Expects To Get China License In 2016
by Ramya Chandrasekaran • • 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 third quarter ended September 30, 2015.
Third Quarter 2015 Financial Highlights
Net sales revenue of $79.6 million, decreased 14.8% compared to $93.4 million in the third quarter of 2014.
Net income from continuing operations was $1.6 million, or $0.08 per diluted common share, compared to $5.1 million, or $0.29 per diluted common share, in the third quarter of 2014.
Adjusted EBITDA was $5.5 million compared to $7.7 million in the third quarter of 2014.
“While our third quarter results were softer on the whole, we were very encouraged with NSP United States and NSP Canada both posting their fifth consecutive quarters of year-over-year local currency sales
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Nature’s Sunshine Q2 2015 – Down 12.5% To $81.2 Million
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, recently reported its financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights
Net sales revenue of $81.2 million, decreased 12.5% compared to $92.8 million in the second quarter of 2014. On a local currency basis, net sales revenue decreased 7.7% compared to the second quarter of 2014. Net sales revenue was negatively impacted by a $6.0 million decline in net sales in the NSP Russia, Central and Eastern Europe segment, as well as a $4.5 million unfavorable impact in foreign currency exchange rate fluctuations.
Net income from continuing operations was $2.4 million, or $0.12 per diluted common share, compared to $3.6 million, or $0.22
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Nature’s Sunshine Awarded Healthiest Company For Eight Consecutive Years
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, was named one of the Healthiest Companies in America in 2014 by Interactive Health of Chicago, IL.
Interactive Health evaluates approximately 2,000 companies each year, and in 2014, only 158 companies nationwide earned this recognition. Nature’s Sunshine Products was one of only two companies in America that has received this award for eight consecutive years.
Nature’s Sunshine Products, a global leader in nutritional products, is focused on helping people live healthier lives. The Company’s mission is to transform lives around the world by providing the most innovative and highest quality health solutions.
Part of that mission includes encouraging staff to adopt healthier lifestyles. NSP’s “culture of health” encompasses a variety