Nature's Sunshine Q3 2023 Earnings Report
Key Takeaways
Nature's Sunshine reported a strong third quarter with net sales increasing by 6% to $111.2 million. GAAP net income attributable to common shareholders increased significantly to $2.8 million, or $0.15 per diluted common share. Adjusted EBITDA was up 50% to $10.3 million.
Net sales increased by 6% to $111.2 million compared to the same quarter last year.
Gross margin improved by 150 basis points to 73.1%.
GAAP net income attributable to common shareholders increased significantly to $2.8 million, or $0.15 per diluted common share.
Adjusted EBITDA increased by 50% to $10.3 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 $443 - $451 million, but now expects adjusted EBITDA to range between $37 - $40 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income