earnings
confidence high
sentiment negative
materiality 0.70
Mannatech Q2 net sales down 6.8% to $32.6M; swings to $1.1M loss
MANNATECH INC
2023-Q2 EPS reported
-$0.27
revenue$66,708,000
- Net sales of $32.6M, down $2.4M (6.8%) YoY; constant-dollar decline 4.0%.
- Operating loss of $1.0M vs operating income of $0.9M in Q2 2022.
- Net loss of $1.1M ($0.59 diluted loss per share) vs net income of $0.7M ($0.34 EPS).
- Independent associate and preferred customer positions fell to ~142,000 from ~152,000; new recruits decreased 2.6%.
- No quarterly dividend to preserve ~$0.4M cash; consulting fees for new venture Trulu $0.4M.