Mannatech
August 12, 2022
Mannatech said second-quarter 2022 net sales were 35.0 million dollars, down 17.7 percent from 42.5 million dollars a year earlier. Operating income was 0.9 million dollars versus 2.0 million dollars, and net income was 0.7 million dollars, or 34 cents per diluted share, versus 2.1 million dollars, or 99 cents per share. First-half sales were 67.4 million dollars with net income of 0.8 million dollars, or 40 cents per diluted share.
The company said softer associate activity and foreign-currency pressure weighed on results across key markets. Management continued to focus on product innovation, digital enrollment tools, and cost control. Mannatech markets nutritional supplements and personal-care products through a global network of independent associates.