earnings
confidence high
sentiment negative
materiality 0.70
Mannatech Q2 net sales $35M (-17.7% YoY); EPS $0.34 vs $0.99
MANNATECH INC
2022-Q2 EPS reported
$0.40
revenue$67,360,000
- Net sales of $35.0M, down $7.5M (17.7%) from $42.5M in Q2 2021; FX drag of $2.7M.
- Operating income fell to $0.9M from $2.0M; net income of $0.7M ($0.34 diluted) vs $2.1M ($0.99).
- Independent associate/preferred customer positions dropped to ~152,000 from ~176,000; new recruitment down 7.9% to 19,823.
- Supply chain constraints and ingredient shortage impacting core products; exploring alternative supplier.
- Selling & administrative expenses decreased $0.7M to $6.9M; operating costs down $0.6M to $4.9M.