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Sep 30, 2020
Nature's Sunshine Q3 2020 Earnings Report
Nature's Sunshine reported record net sales and significant increase in net income due to strong consumer demand, new product launches, and easing COVID-19 restrictions.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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