NATURE'S SUNSHINE PRODUCTS
May 7, 2024
LEHI, Utah, May 7, 2024 --
Nature's Sunshine Products reported first-quarter 2024 net sales of 111.0 million dollars, up 2 percent from 108.6 million dollars a year earlier, or about 4 percent in constant currency, led by 5 percent growth in North America and a 33 percent surge in digital sales.
GAAP net income attributable to common shareholders rose to 2.3 million dollars, or 0.12 dollars per diluted share, from 0.9 million dollars, or 0.04 dollars. Adjusted EBITDA edged up to 9.2 million dollars from 9.1 million dollars. Gross margin expanded 33 basis points to 71.2 percent.
Chief Executive Terrence Moorehead said an omni-channel push and new Power Line products supported momentum, while Asia remained softer on China economic weakness. The company reiterated full-year 2024 net sales guidance of 455 million to 480 million dollars and adjusted EBITDA of 42 million to 48 million dollars. Cash stood at 77.8 million dollars.