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
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Nature’s Sunshine Q1 2015 Results Down 10.3% 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, today reported its financial results for the first quarter ended March 31, 2015, and declared a quarterly cash dividend of $0.10 per share.
“In the first quarter of 2015, we observed sustainable local currency growth in NSP Americas and Synergy WorldWide, which were offset by currency headwinds from the negative impacts of the strong dollar and continuing sales challenges in NSP Russia, Central and Eastern Europe. Synergy Europe delivered a third consecutive quarter of net sales growth driven by the investments made in additional sales resources and the launch of our weight management program, SLMsmart. NSP North America also achieved a third consecutive quarter of net sales growth
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Nature’s Sunshine 2014 Sales $366.4 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, reported its financial results for the fourth quarter and full year ended December 31, 2014, and declared a quarterly cash dividend of $0.10 per share.
“Throughout 2014, we made progress against our strategy to address mega-trend health problems through science-based innovation and to drive distributor adoption, leadership and engagement,” commented Gregory L. Probert, Chairman and Chief Executive Officer.
“However, fourth quarter revenues and operating income were adversely affected by significant sales declines in NSP Russia, Central and Eastern Europe, due to heightened political unrest, armed conflict and local currency devaluations. Operating income from our international businesses was also reduced by the strong dollar.”
“Positive contributions in the fourth quarter
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Nature’s Sunshine Appoints New Board Member
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products Inc., a leading natural health and wellness company engaged in the manufacture and direct sale of premium-quality nutritional and personal care products, announced the appointment of Rebecca Lee Steinfort as a member of its Board of Directors.
Ms. Steinfort is a senior executive with extensive experience in strategy and marketing in consumer-product and health care oriented businesses.
“We are excited to welcome Rebecca Lee Steinfort to our Board of Directors,” said Gregory L. Probert, Nature’s Sunshine’s Chairman and Chief Executive Officer.
“Rebecca brings significant strategic and broad marketing experiences to Nature’s Sunshine that I am confident will be highly beneficial in our continuing efforts to transform the business into a multi-brand and multi-channel organization. We look forward to her guidance and strategic thinking as a member of the Board.”
Ms. Steinfort is currently the Chief Operating Officer of Paladina Health, a subsidiary of Davita Healthcare Partners, Inc. Prior to Paladina Health, Ms. Steinfort held other executive positions beginning in 2009 at Davita Healthcare Partners, Inc., such as Chief Marketing Officer and Chief Strategy Officer.
Ms. Steinfort held various leadership positions at Quiznos from 2007 to 2009, most recently serving as Executive Vice President and Chief Marketing Officer.
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