Natural Health Trends announced its third quarter financial results for 2024. Total revenue during the period reached $10.7 million, a 1% increase from the third quarter of 2023. Operating loss improved slightly to $275,000 from $292,000 in Q3 2023. Total net sales increased sequentially year-over-year, but the number of Active Members declined by 1%.
Year-to-date revenue totaled $32.1 million, a 3% decrease from $33 million in the first nine months of 2023.
“Consumer spending in our main market continues to be weak. However, we still managed to achieve sequential growth in net sales, as well as a year-over-year improvement in the third quarter,” said Chris Sharng, Natural Health Trends Corp. President. “While the pace of growth is not where we’d like it to be, our customers and leaders continue to demonstrate strong engagement, and we are working closely with them to navigate these changing times with trainings, product roadshows and new products to help drive growth and expand their customer base. Our ability to adapt, adjust programs, and fine-tune our plans has been instrumental in supporting our customer base while also acting in the best interests of our shareholders. We are maintaining attentive focus on cost control, including expense management, inventory, and product optimization, to ensure the company remains positioned for future success.”
