NATURE'S SUNSHINE PRODUCTS
August 5, 2021
Natures Sunshine Products reported second-quarter net sales of 109.0 million dollars, up 25 percent from 87.3 million dollars and a fourth straight record quarter. GAAP net income rose 11 percent to 6.8 million dollars, or 0.32 dollars a diluted share, from 6.1 million dollars, or 0.29 dollars. Adjusted EBITDA rose 38 percent to a record 13.4 million dollars from 9.7 million dollars.
Chief executive Terrence Moorehead said Asia, Europe, and Latin America posted double-digit growth from product launches and execution of the five growth strategies. Asia sales were 43.5 million dollars, up 32.9 percent. Europe was 21.5 million dollars, up 38.7 percent. North America was 37.4 million dollars, up 8.4 percent. Latin America and other markets were 6.6 million dollars, up 44.0 percent. Excluding currency, consolidated sales rose 20.7 percent.
Moorehead said the direct-to-consumer business beat expectations and that a personalization program was planned later in the year. He also flagged supply-chain pressure and continued COVID-19 challenges, while saying the company remained financially sound.