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Jun 30, 2024
Nature's Sunshine Q2 2024 Earnings Report
Reported a decrease in net sales and net income due to macroeconomic headwinds and temporary disruptions, while making strategic moves to streamline operations and upgrade digital platforms.
Key Takeaways
Nature's Sunshine's Q2 2024 net sales decreased by 5% to $110.6 million, and GAAP net income attributable to common shareholders decreased to $1.3 million, or $0.07 per diluted common share. The company faced macroeconomic challenges in China, slowing consumer spending in the U.S., and a temporary disruption in North America. Despite these challenges, Nature's Sunshine implemented strategic actions, including upgrading the digital platform, rebalancing the consumer proposition in Asia/Pacific, and streamlining overhead expenses.
Net sales decreased by 5% to $110.6 million, or 3% in constant currency.
GAAP net income attributable to common shareholders was $1.3 million, or $0.07 per diluted common share.
Adjusted EBITDA decreased by 8% to $10.4 million.
The company reduced over $5 million of annualized expense from SG&A.
Revenue by Geographic Location
Forward Guidance
Nature's Sunshine now expects full year 2024 net sales to range between $436 - $445 million and adjusted EBITDA to range between $39 - $42 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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