Mannatech Q2 Sales Down 7.5%

Mannatech, Incorporated announced net sales of $37.6 million for its second quarter of 2020.

Second quarter net sales for 2020 were down $3.1 million, or 7.5 percent, as compared to $40.7 million in the second quarter of 2019.

According to the company, the approximate number of new and continuing independent associate and preferred customer positions held by individuals in Mannatech’s network and associated with purchases of products as of June 30, 2020 and 2019 were approximately 172,000 and 175,000, respectively. As the novel coronavirus (“COVID-19”) continued to spread into its markets, recruiting decreased 5.2 percent in the second quarter of 2020 as compared to the second quarter of 2019. The number of new independent associate and preferred customer positions in the company’s network for the second quarter of 2020 was approximately 19,047 as compared to 20,084 in 2019.

For the first six months of 2020, Mannatech has $74.2 million, down 5.7 percent from $78.7 million for the first six months of 2019.

To read the full Mannatech Q2 2020 report, click here.