May 03, 2017
Natural Health Trends Reports First Quarter 2017
Financial results for the first quarter of 2017 are in for Natural Health Trends Corp., the Rolling Hills Estates, California-based direct selling and e-commerce company that markets premium quality personal -care, wellness and “quality of life” products under the NHT Global brand.
Total revenue for the quarter decreased 19 percent to $59.9 million, compared to $74.3 million in the first quarter of 2016. Revenue from the company’s primary market of Hong Kong, which represented 91 percent of total revenue, decreased 20 percent to $54.6 million, compared to $68.2 million in the first quarter of 2016.
Outside of Hong Kong, revenue in China decreased 47 percent year-over-year; however, that was offset by increases in North America and Europe of 37 percent and 297 percent year-over-year, respectively.
Operating income decreased 7 percent to $13.0 million, compared to $14.0 million in the first quarter of 2016. As a percent of total revenue, operating income was 21.7 percent, compared to 18.8 percent in the first quarter of 2016. Net income was $10.4 million, or 93 cents per diluted share, compared to $11.3 million, or 95 cents per diluted share, in the first quarter of 2016.
The number of Active Members1 decreased 4 percent to 113,710 at March 31, 2017, compared to 118,960 at Dec. 31, 2016, and decreased 5 percent compared to 119,800 at March 31, 2016.
To see the full report, click here.
Natural Health Trends placed No. 54 in last month’s DSN Global 100 ranking of the top direct selling companies in the world. The company reported $288 million in earnings for 2016.