---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-016908"
form_type: "8-K"
ticker: "NATR"
cik: "0000275053"
company_name: "NATURES SUNSHINE PRODUCTS INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:32:37.794029+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nature's Sunshine Q1 net sales $108.6M (+2.4% constant currency); GAAP EPS $0.04; $5.8M criminal scheme charge

## Summary
- Net sales $108.6M, down 1.7% reported, up 2.4% constant currency; Asia segment grew 9.1% constant currency.
- GAAP net income $1.3M ($0.04/diluted) vs loss of $2.7M ($0.15 loss); adjusted EBITDA $9.1M, up 12%.
- SG&A included $5.8M one-time charge from a criminal scheme targeting a subsidiary; operating income fell to $0.2M.
- Gross margin improved to 70.8% from 68.8% due to prior-year inventory valuation reserves from Russia/Ukraine.
- Cash $65.7M, debt $1.0M; repurchased 90k shares for $0.8M in Q1; all director nominees elected at annual meeting.

## SEC filing metadata
- accession: 0001628280-23-016908
- form_type: 8-K
- ticker: NATR
- cik: 0000275053
- company_name: NATURES SUNSHINE PRODUCTS INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/natr-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-016908
- JSON: https://secwatch.observer/filing/0001628280-23-016908.json
- Plain text: https://secwatch.observer/filing/0001628280-23-016908.txt

## Key facts
- Earnings Releases
  NATURES SUNSHINE PRODUCTS INC reported first quarter ended March 31, 2023 results: revenue $108.6 million, net income $1.3 million, EPS $0.04 per diluted common share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $108.6 million
  - Net income: $1.3 million
  - EPS: $0.04 per diluted common share
  - Result: reported results
  source text: Net sales were $108.6 million compared to $110.5 million (up 2% in constant currency). • GAAP net income was $1.3 million, or $0.04 per diluted common share, compared to a loss of $(2.7) million, or $(0.15) per diluted common share. • Adjusted EBITDA was $9.1 million compared to $8.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm
- Shareholder Votes
  NATURES SUNSHINE PRODUCTS INC shareholders approved Election of Directors at the 2023-05-03 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: The Company’s shareholders elected all persons nominated for election as directors as set forth in the Proxy Statement to serve until the next Annual Meeting of Shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm
- Shareholder Votes
  NATURES SUNSHINE PRODUCTS INC shareholders approved Ratification of appointment of independent registered public accounting firm at the 2023-05-03 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: The Company’s shareholders voted upon and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants for the year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm
- Shareholder Votes
  NATURES SUNSHINE PRODUCTS INC shareholders approved Advisory Resolution on Executive Officer Compensation at the 2023-05-03 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: The Company’s shareholders, on an advisory basis, voted to approve an advisory resolution of the compensation of the Company’s named executive officers as follows:
  evidence_url: https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm
- Shareholder Votes
  NATURES SUNSHINE PRODUCTS INC shareholders approved Advisory Vote on the Frequency of Future Shareholder Advisory Votes on Named Executive Officer Compensation at the 2023-05-03 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: The Company’s shareholders voted to to hold the shareholder advisory vote on compensation of our named executive officers every year, with results as follows:
  evidence_url: https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.