Nature's Sunshine Q3 2020 Earnings Report
Key Takeaways
Nature's Sunshine reported a 13% increase in net sales, reaching a company record of $100.3 million. GAAP net income significantly increased to $7.2 million, or $0.34 per diluted share, compared to $1.4 million, or $0.07 per diluted share in the same quarter last year.
Net sales increased 13% to $100.3 million compared to $88.5 million in the same year-ago quarter.
GAAP net income increased significantly to $7.2 million, or $0.34 per diluted share, compared to $1.4 million, or $0.07 per diluted share.
Adjusted net income per diluted share was $0.34, compared to an adjusted net income per share of $0.08.
Adjusted EBITDA increased 13% to $9.4 million compared to $8.3 million.
Nature's Sunshine
Nature's Sunshine
Nature's Sunshine Revenue by Segment
Nature's Sunshine Revenue by Geographic Location
Forward Guidance
The progress made with transformation initiatives has established a strong operational and financial foundation for the remainder of 2020 and into 2021.
Positive Outlook
- Strong consumer demand
- New product launches accelerated momentum in the U.S. and China
- COVID-19-related restrictions eased in Korea and Latin American markets
- New business model launched
- Progress deploying five global growth strategies
Challenges Ahead
- Volatile operating environment
- Changes in market mix
- Material cost increase
- Changes in inventory reserves
- Global COVID-19 pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income