Nature's Sunshine Products reported a decrease in net sales for Q4 2019, but experienced significant improvements in GAAP net income and adjusted EBITDA compared to the prior year. The company focused on its Global Growth Strategy and cost reduction measures, leading to improved profitability.
Net sales decreased by 5.8 percent to $91.7 million compared to $97.4 million in 2018.
GAAP net income was $1.2 million, a significant improvement from a net loss of $2.8 million in the prior year.
Adjusted EBITDA increased by 89.2 percent to $7.6 million from $4.0 million in the prior year.
Operating income improved to $3.9 million, compared to an operating loss of $1.2 million in the prior year.
In 2020, Nature's Sunshine plans to accelerate its global strategies while focusing on cost reduction to further improve profits. The company anticipates launching new branding, a consumer-centric website and ecommerce platform, digital tools, and additional CBD products.
Visualization of income flow from segment revenue to net income