Nature's Sunshine Q2 2023 Earnings Report
Key Takeaways
Nature's Sunshine reported a strong second quarter in 2023, with net sales increasing by 12% to $116.5 million and adjusted EBITDA up by 26% to $11.3 million. The company's GAAP net income attributable to common shareholders increased significantly to $2.4 million, or $0.12 per diluted common share. The growth was driven by strength in Asia/Pacific, stabilization in Central and Eastern Europe, and a return to growth in North America.
Net sales increased by 12% to $116.5 million compared to $104.2 million.
Gross margin increased 90 basis points to 72.6% compared to 71.7%.
GAAP net income attributable to common shareholders increased significantly to $2.4 million, or $0.12 per diluted common share, compared to $0.5 million, or $0.03 per diluted common share.
Adjusted EBITDA increased 26% to $11.3 million compared to $9.0 million.
Nature's Sunshine
Nature's Sunshine
Nature's Sunshine Revenue by Segment
Nature's Sunshine Revenue by Geographic Location
Forward Guidance
The Company expects full year 2023 net sales to range between $440 - $455 million and adjusted EBITDA to range between $34 - $38 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income