Nature's Sunshine Products, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 05, 2022 at 05:12 pm EDT
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Nature's Sunshine Products, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 110.49 million compared to USD 102.42 million a year ago. Net loss was USD 2.95 million compared to net income of USD 4.02 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to basic earnings per share from continuing operations of USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.
Nature's Sunshine Products, Inc. is a natural health and wellness company, which markets and distributes nutritional and personal care products in more than 40 countries. The Company sells its products to a sales force of independent consultants who use the products themselves or resells them to consumers. The Company has four segments: Asia, Europe, North America, and Latin America and Other. Each of the geographic segments operates under the Natures Sunshine Products and Synergy WorldWide brands. The Latin America and Other segment include its wholesale business, in which the Company sells products to various locally managed entities, independent of the Company, that it has granted distribution rights for the relevant market. The Company's line of over 800 products includes several different product classifications, such as immune, cardiovascular, digestive, personal care, weight management and other general health products. It purchases herbs and other raw materials in bulk.