Nature's Sunshine Q2 2024 Earnings Report
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.
Nature's Sunshine
Nature's Sunshine
Nature's Sunshine Revenue by Segment
Nature's Sunshine 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