Nature’s Sunshine Products, Inc. (NASDAQ: NATR) reported relatively consistent sales for the third quarter ended September 30, 2019 compared with the third quarter of 2018.
Net sales of $88.5 million decreased 0.3 percent compared to $88.8 million in the third quarter of 2018.
Regionally, net sales were (in thousands):
- Asia – $33,717, down 1.0% from $34,063 in Q3 2018
- Europe – $14,640, up 12% from $13,076 in Q3 2018
- North America – $34,161, down 4% from $35,578 in Q3 2018
- Latin America and Other – $6,006, down 1.7% from $6,111 in Q3 2018
“We continue to make excellent progress implementing our global strategy, which focuses on strengthening our brand, improving field fundamentals, expanding digital capabilities, extending our manufacturing leadership and improving organizational capabilities,” said Terrence Moorehead, president and chief executive officer. “We have strategically restructured the business to both align our resources to our global strategy and improve profitability, which drove strong growth of adjusted net income and adjusted EBITDA during the third quarter. We have successfully launched our new global management structure, driving improved organizational effectiveness and execution. We have also worked diligently to build our next generation capabilities as we prepare for a brand relaunch, the launch of a new digital platform and our entry into the rapidly growing hemp-derived CBD market. Each of our strategic efforts are focused on accelerating growth, driving profitability and enhancing shareholder value.”
To read the full Nature’s Sunshine Q3 2019 report, click here.
