Nature’s Sunshine Products, Inc. reported net sales of $100.3 million for the third quarter ended September 30, 2020.
The $100.3 million represented an increase of 13 percent from $88.5 million in 2019.
“Strong consumer demand and new product launches accelerated our momentum in the U.S. and China, while COVID-19-related restrictions eased in Korea and Latin American markets, allowing us to more fully deploy our revamped field fundamentals,” said Terrence Moorehead, CEO of Nature’s Sunshine. “This combination resulted in the highest consolidated net sales quarter in our history, which flowed through to a more than four-fold increase in net income. The progress we have made with our transformation initiatives is only the beginning to unlocking the true potential of Nature’s Sunshine’s platform, and we believe we are taking the right steps to continue this momentum into the future.”
Net sales by operating segment were (amounts in thousands):
- Asia – $38,099, an increase of 13.0% from $33,717 in 2019
- Europe – $18,006, an increase of 23.0% from $14,640 in 2019
- North America – $37,557, an increase of 9.9% from $34,161 in 2019
- Latin America and Other – $6,588, an increase of 9.7% from $6,006 in 2019 ,
To read the full Nature’s Sunshine Q3 2020 report, click here.
