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Mar 31, 2021
Nature's Sunshine Q1 2021 Earnings Report
Reported record first quarter results with net sales increasing 7% to $102.4 million.
Key Takeaways
Nature's Sunshine Products reported a record first quarter in 2021, with net sales reaching $102.4 million, a 7% increase compared to the previous year. GAAP net income increased significantly to $4.2 million, or $0.20 per diluted share. Non-GAAP net income per diluted share was $0.21. Adjusted EBITDA increased 20% to $11.6 million.
Net sales increased 7% to a record $102.4 million compared to $95.9 million.
GAAP net income increased significantly to $4.2 million, or $0.20 per diluted share, compared to $3.0 million, or $0.15 per diluted share.
Non-GAAP net income per diluted share was $0.21, compared to an adjusted net income per share of $0.12.
Adjusted EBITDA increased 20% to $11.6 million compared to $9.7 million.
Revenue by Geographic Location
Forward Guidance
The company is optimistic that its momentum will continue in 2021 as it launches the next phase of its customer-driven strategy. They believe they are well-positioned to intensify their efforts and move forward with confidence.
Positive Outlook
- Momentum is expected to continue as the next phase of the customer-driven strategy is launched.
- The company believes it is well-positioned to intensify efforts.
- The company has confidence in the strong operational and financial foundation built by the team.
- The global response to the new branding has been tremendous.
- The 'Subscribe and Thrive' auto-ship program continues to gain traction.
Challenges Ahead
- The market remains dynamic.
- Gross margin decreased due to changes in market mix, material cost increase, and changes in inventory reserves.
- Selling, general and administrative expenses increased primarily attributable to higher costs associated with the implementation of business transformation initiatives as well as growth in markets with higher variable costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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