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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 (NASDAQ: NATR), a leader in natural health, will participate in two virtual financial conferences in March 2022. The D.A. Davidson’s 5th Annual Consumer Growth Conference will feature a fireside chat on March 10 at 3:30 p.m. ET, accessible via webcast. Additionally, NATR will attend the Sidoti Small Cap Conference on March 23, also in a virtual one-on-one format. Nature’s Sunshine distributes high-quality herbal and nutritional products globally, manufacturing most in their advanced facilities to ensure safety and efficacy.
Nature’s Sunshine Products (NASDAQ: NATR) will host a conference call on March 8, 2022, at 5:00 p.m. Eastern time to discuss its fourth quarter and full-year financial results for 2021. CEO Terrence Moorehead and CFO Joseph Baty will lead the discussion. A press release with financial details will be issued prior to the call. Interested parties can join the call using the provided toll-free numbers. The call will also be available for replay through March 22, 2022. Nature's Sunshine specializes in premium-quality herbal and nutritional products across 40 countries.
Nature's Sunshine Products (Nasdaq: NATR) announced the appointment of Vallen Blackburn as Vice President and General Manager of Latin America. Blackburn, who joined the company in 2016, has significant experience in finance and strategy from various Fortune 500 companies. Under his leadership, Nature's Sunshine's Latin American business has grown by 18% year-to-date compared to the previous year in local currency. Blackburn aims to leverage the company's transformation strategies to enhance the region's potential further.
Nature's Sunshine Products (NATR) launched AIVIA, a new line of nutrition products aimed at enhancing fitness and weight management. The AIVIA collection includes protein powders, a Clean Energy dietary supplement, Hydrate supplement, Carb Blocker, and MCT Powder, all designed to support active lifestyles with clean, natural ingredients. CEO Terrence Moorehead highlighted the company's legacy in bringing natural health solutions to consumers. AIVIA represents the first of several product rollouts planned for 2022.
Nature's Sunshine Products (NATR) has appointed Curtis Kopf to its board of directors, effective January 1, 2022. With this addition, the board will consist of ten directors, nine of whom are independent. Kopf brings over 20 years of experience in enhancing customer and digital experiences at notable companies like REI and Premera Blue Cross. His expertise is expected to strengthen Nature's Sunshine's leadership as it continues its transformation into a digital-first company.
Nature's Sunshine Products (NASDAQ: NATR) has appointed Tess Roering to its board of directors, effective January 1, 2022. With nearly 30 years of experience in brand management and marketing, Roering previously served as Chief Commercial Officer at CorePower Yoga, where she achieved significant revenue growth. Her role at Nature's Sunshine will focus on enhancing omnichannel business strategies to support the company's growth and commitment to quality in nutritional supplements. The board now includes ten directors, with nine being independent.
Nature's Sunshine Products announced the passing of co-founder Gene Hughes on December 3, 2021, at the age of 91. He was instrumental in the herbal and natural wellness industry and helped grow the company into a global enterprise. Under his leadership, Nature's Sunshine expanded to over 40 countries, emphasizing quality and integrity. Gene's legacy will continue to influence the company as it strives to promote nature's healing potential. His contributions included fostering strong relationships within the company and the broader wellness community.
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