Nature’S Sun Stock Price, News & Analysis

Nature's Sunshine Products, Inc. (NASDAQ: NATR) has appointed Shane Jones as Chief Financial Officer, effective December 30, 2022. With over 25 years of finance experience, Jones previously held CFO roles at West Marine, 1-800 Contacts, and Backcountry.com, among others. He joins from FullSpeed Automotive. CEO Terrence Moorehead expressed confidence in Jones's ability to drive growth and operational efficiencies. Interim CFO Jonathon Lanoy will transition to Senior VP of Finance and Corporate Controller. Nature's Sunshine markets nutritional products in over 40 countries, emphasizing quality and efficacy.

Nature’s Sunshine Products reported third-quarter 2022 financial results, with net sales of $104.5 million, down from $114.7 million a year ago. GAAP net income was $0.2 million, or $0.00 per share, compared to $5.5 million, or $0.24 per diluted share last year. Adjusted EBITDA fell to $6.8 million from $12.9 million. The company faced challenges including inflation and foreign exchange impacts, which decreased gross margins by 300 basis points. Management aims to achieve $10-$12 million in cost savings over the next 18 months.

Nature's Sunshine Products (NASDAQ: NATR) announced a conference call scheduled for November 3, 2022, at 5:00 p.m. Eastern Time to discuss its third-quarter financial results, ending September 30, 2022. The call will feature CEO Terrence Moorehead and Interim CFO Jon Lanoy, followed by a Q&A session. Participants can join via a toll-free number or watch the live broadcast online. A replay will be available from 8:00 p.m. Eastern Time on the same day until November 17, 2022. Nature's Sunshine is renowned for its high-quality herbal and nutritional products, with a presence in over 40 countries.

Nature's Sunshine Products (Nasdaq: NATR) announced that its CFO, Joseph Baty, will retire on September 30, 2022. Jonathan Lanoy, the Corporate Controller and Vice President of Finance, has been appointed as Interim CFO until a permanent successor is found. CEO Terrence Moorehead acknowledged Baty's contributions to the company, highlighting improvements in financial operations. Nature's Sunshine, which operates in over 40 countries, manufactures high-quality natural health products in its own facilities, ensuring safety and efficacy.

Nature’s Sunshine Products (Nasdaq: NATR) reported second quarter 2022 results, showing net sales of $104.2 million, down from $109.0 million year-over-year. GAAP net income dropped significantly to $1.0 million, or $0.03 per diluted share, compared to $6.8 million or $0.32 per diluted share in the prior year. Adjusted EBITDA also decreased to $9.0 million from $13.4 million. Despite challenges like inflation and supply chain issues, Asia experienced growth. The company continues to invest in growth strategies and reported a strong balance sheet.

Nature’s Sunshine Products, Inc. (NASDAQ: NATR) will host a conference call on August 9, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2022. CEO Terrence Moorehead and CFO Joseph Baty will lead the call, which will include a Q&A session. Participants can join using the provided toll-free and international dial-in numbers. The call will also be available for replay until August 23, 2023. Nature’s Sunshine is recognized for its premium-quality herbal and nutritional products, distributed in over 40 countries.

Nature's Sunshine Products (Nasdaq: NATR) has converted its US manufacturing facility to 100% solar energy, achieving this milestone one year ahead of its ESG target. This switch decreases greenhouse gas emissions by 42%, supporting its broader goals of reducing emissions by 50% by 2025 and achieving zero waste to landfill at US distribution centers. CEO Terrence Moorehead emphasized the company's commitment to sustainability, while VP Trent McCausland expressed pride in this achievement and the ongoing efforts to meet further sustainability goals.

Nature’s Sunshine reported a net sales increase of 8% to $110.5 million for Q1 2022, a record for the company, despite challenges including COVID-19 and supply chain issues. However, the company faced a GAAP net loss of $(2.7 million) compared to a profit of $4.2 million in Q1 2021. Adjusted EBITDA fell to $8.2 million from $11.6 million.

Increased SG&A expenses were noted at $40.6 million. Inventory impairment charges totaled $4.2 million. Cash used in operating activities was $(7.9 million).

Nature's Sunshine Products (NASDAQ: NATR) has appointed Martin Gonzalez as the new Executive Vice President of Global Supply Chain, effective May 16, 2022. With over 30 years of experience at notable companies like Unilever and Molson Coors, Gonzalez is expected to enhance operational excellence and drive transformation within the company's supply chain. His leadership aims to support sustainable growth and expand Nature's Sunshine's global footprint. Gonzalez holds a Global MBA and has a solid track record in supply chain improvements.