NATURE'S SUNSHINE PRODUCTS
November 10, 2020
Natures Sunshine Products reported net sales of 100.3 million dollars for the third quarter ended September 30, 2020, up 13 percent from 88.5 million dollars a year earlier. The company said it was the highest consolidated net sales quarter in its history and that net income rose more than fourfold.
Chief executive Terrence Moorehead said consumer demand and new products sped momentum in the United States and China, while COVID-19 restrictions eased in Korea and Latin America and let the company use revamped field programs more fully. He said the transformation work is an early step and that the company expects the momentum to continue.
Segment net sales, in thousands of dollars, were 38,099 in Asia, up 13.0 percent from 33,717; 18,006 in Europe, up 23.0 percent from 14,640; 37,557 in North America, up 9.9 percent from 34,161; and 6,588 in Latin America and other markets, up 9.7 percent from 6,006.