Mannatech Net Sales Down 9.8% in Q2 2019

Mannatech Q2

Mannatech, Incorporated (NASDAQ: MTEX) announced net sales of $40.7 million for the second quarter ended June 30, 2019.

The $40.7 million was a decrease of $4.4 million, or 9.8 percent, as compared to $45.1 million in the second quarter of 2018. For the three months ended June 30, 2019, net sales declined 5.5 percent on a constant dollar basis as compared to the same period in 2018.

The approximate number of new and continuing active independent associates and preferred customers who purchased packs or products or paid associate fees during the twelve months ended June 30, 2019 and 2018 were approximately 175,000 and 202,000, respectively.

Recruitment of new independent associates and preferred customers decreased 5.9 percent during the three months ended June 30, 2019, as compared to the same period in 2018. The number of new independent associate and preferred customer positions held by individuals in the network for the three months ended June 30, 2019 was approximately 20,084, as compared to 21,353 for the same period in 2018.

To read the full Mannatech Q2 2019 financial report, click here.

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