earnings
confidence high
sentiment negative
materiality 0.70
Nature's Sunshine Q2 net sales down 5% to $110.6M; cuts FY2024 guidance
NATURES SUNSHINE PRODUCTS INC
2024-Q2 EPS reported
$0.19
revenue$221,544,000
- GAAP diluted EPS $0.07 vs $0.12 year ago; net income $1.3M down from $2.4M.
- Adjusted EBITDA $10.4M, down 8% vs Q2 2023; gross margin fell 125 bps to 71.4%.
- FY2024 net sales guidance lowered to $436-445M (prior $455-480M); EBITDA now $39-42M.
- Asia segment down 8.9% on China headwinds; North America -3.2% due to temporary disruption.
- Cash $68.7M, zero debt; $5M annualized SG&A reduction implemented.