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Nature's Sunshine Products Inc. (NASDAQ: NATR) is a leading natural health and wellness company that manufactures and markets an extensive range of high-quality nutritional and personal care products. Founded in 1972, the company has established itself as a pioneer in the health and wellness industry, offering products such as tablets, encapsulated herbal products, natural vitamins, food supplements, skin care items, and other complementary products.
The company operates on a direct-selling model and has a significant presence in multiple international markets, including but not limited to the United States, South Korea, Mexico, Venezuela, Japan, Brazil, Canada, Central America, Colombia, Ecuador, Peru, the United Kingdom, Israel, and Chile. Additionally, it exports its products to countries such as Argentina, Australia, Malaysia, New Zealand, Norway, and the Russian Federation.
Nature's Sunshine focuses on various health categories, including weight management, general health, cardiovascular health, digestive health, immune support, and personal care. The company's operations are divided into four main segments: Asia, Europe, North America, and Latin America, with Asia being the key revenue-generating market.
Recent achievements highlight the company's robust financial performance. In the latest fiscal reports, Nature's Sunshine recorded net sales up by 12% to $116.5 million, with a 14% increase in constant currency. The third quarter of 2023 saw a GAAP net income rise to $3.1 million and a 50% increase in Adjusted EBITDA to $10.3 million. The company's CEO, Terrence Moorehead, emphasized strong growth in both the Asia/Pacific and North American markets, which contributed to a 12% and 11% increase in local currency sales, respectively.
Nature’s Sunshine's gross margin improved by 150 basis points to 73.1% in Q3 2023 compared to the previous year. These improvements were attributed to market mix enhancements, price increases, and margin improvement initiatives. Selling, general, and administrative expenses (SG&A) rose to $41.3 million due to increased service fees in China, compensation, and investments in digital growth and strategic initiatives.
The company also announced a series of conference calls to discuss its quarterly and annual financial results, providing transparency and updates to shareholders and potential investors. Nature’s Sunshine’s commitment to high-quality, safe, and effective products is evident through its state-of-the-art manufacturing facilities, ensuring products meet the highest standards.
The company's outlook for the future remains positive, with expectations for continued growth in net sales and adjusted EBITDA, driven by strategic initiatives and digital investments designed to enhance market presence and customer engagement.
Nature's Sunshine Products (NATR) announced it will host its third quarter 2024 earnings conference call on Thursday, November 7, 2024, at 5:00 p.m. ET. The company will release its financial results for the quarter ended September 30, 2024, prior to the call. CEO Terrence Moorehead and CFO Shane Jones will lead the conference call, which will include a Q&A session. The call will be accessible via toll-free and international dial-in numbers, with a replay available until November 21, 2024. A live broadcast and replay will also be available through the company's website.
Nature's Sunshine Products, Inc. (NASDAQ: NATR) has appointed Kevin Fuller as Global Chief Marketing Officer, effective September 23, 2024. Fuller, with over 20 years of experience in high-performance organizations, brings extensive global marketing expertise to the company. His background includes launching new products, building brands, and driving customer growth strategies in the dietary supplement industry.
Fuller's previous roles include President and CMO at Helo Health, CEO and CMO at MacuVu Macular Health, and SVP of Global Product & Brand at NuSkin. He holds an MBA from Brigham Young University and a B.S. in Biology from the University of Utah. Fuller is also an accomplished triathlete, having competed in four Ironman World Championships and selected for the USA World Championship Triathlon Team in 2023.
Nature's Sunshine Products, Inc. (Nasdaq: NATR) reported an equipment malfunction at their Spanish Fork, Utah manufacturing facility on August 26, 2024. The incident led to a small fire and facility evacuation. All personnel are safe, with two individuals examined by EMTs and released. The company is investigating the cause and assessing damage.
CEO Terrence Moorehead expressed gratitude for the safety of the team and the efforts of local first responders. A portion of the facility will be temporarily closed for repairs, while normal operations continue in unaffected areas. Nature's Sunshine emphasizes its commitment to maintaining high standards of excellence and prioritizing the wellbeing of its people and community.
Nature's Sunshine Products (Nasdaq: NATR), a leading natural health and wellness company, is set to present at the 2024 Annual Gateway Conference in San Francisco. The presentation is scheduled for September 4, 2024, at 8:30 a.m. Pacific Time at the Four Seasons Hotel. Investors can access a live webcast and replay of the presentation online.
In addition to the presentation, Nature's Sunshine's management team will be available for one-on-one meetings throughout the conference. This event provides an opportunity for investors to gain insights into the company's operations and future plans. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.
Nature's Sunshine Products, Inc. (Nasdaq: NATR) reported its Q2 2024 financial results. Net sales decreased 5% to $110.6 million compared to $116.5 million in the same quarter last year. Gross margin decreased 125 basis points to 71.4%. GAAP net income attributable to common shareholders was $1.3 million, or $0.07 per diluted share, down from $2.4 million, or $0.12 per diluted share, in Q2 2023. Adjusted EBITDA decreased 8% to $10.4 million.
The company faced challenges including macroeconomic headwinds in China, slowing consumer spending in the U.S., and a temporary disruption to its North American business. In response, Nature's Sunshine upgraded its digital platform in North America, rebalanced its consumer proposition in Asia/Pacific, and streamlined overhead, reducing over $5 million in annualized SG&A expenses.
Nature's Sunshine Products, Inc. (Nasdaq: NATR) has announced its upcoming second quarter 2024 financial results conference call, scheduled for Thursday, August 8, 2024, at 5:00 p.m. Eastern time. The company, which specializes in natural health and wellness products, will release its financial results for the quarter ended June 30, 2024, prior to the call. CEO Terrence Moorehead and CFO Shane Jones will host the event, which will include a Q&A session.
Interested parties can join the call using the toll-free number 1-800-717-1738 (US) or 1-646-307-1865 (International) with the Conference ID: 14179. The call will be broadcast live and available for replay on the company's website. A replay will be accessible until August 22, 2024, using dedicated replay numbers.
Nature's Sunshine (Nasdaq: NATR), a leading natural health and wellness company, has been awarded by Comparably for Best Leadership Team and Best Career Growth. This marks the third consecutive year receiving Best Leadership Team. The awards are based on anonymous employee ratings covering workplace culture, leadership, and career development. CEO Terrence Moorehead attributes the recognition to the company's commitment to fostering a culture of growth and collaboration. SVP Tracee Comstock highlighted that the average employee tenure at Nature’s Sunshine is over 10.7 years, reflecting strong leadership and professional growth opportunities.
Nature's Sunshine Products, Inc. reported strong first-quarter 2024 results with net sales up 2% to $111.0 million, gross margin increased to 71.2%, GAAP net income rose to $2.3 million, and adjusted EBITDA slightly increased to $9.2 million. The company's omni-channel approach and high-quality products drove business momentum, with digital sales surging 33%, new customers increasing by 34%, and North American business growing 5%. However, slower sales in Asia/Pacific and inflationary pressures impacted ingredient costs negatively.
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