Nature's Sunshine Products, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 04:05 pm EDT
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Nature's Sunshine Products, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 116.55 million compared to USD 104.16 million a year ago. Net income was USD 2.42 million compared to USD 0.516 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.03 a year ago.
For the six months, sales was USD 225.18 million compared to USD 214.66 million a year ago. Net income was USD 3.28 million compared to net loss of USD 2.43 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to diluted loss per share from continuing operations of USD 0.12 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.
NATURE'S SUNSHINE PRODUCTS, INC. 
