Mannatech, Incorporated (NASDAQ: MTEX) announced financial results for its third quarter of 2018.
Net sales were $43.0 million, an increase of $1.0 million, or 2.4 percent, as compared to $42.0 million in the third quarter of 2017. For the three-month period ended September 30, 2018, net sales increased 2.9 percent on a constant dollar basis as compared to the same period in 2017, while unfavorable foreign exchange caused a $0.2 million decrease in GAAP net sales as compared to the same period in 2017.
Recruitment of new independent associates and preferred customers increased 1.6 percent during the three months ended September 30, 2018 as compared to the same period in 2017.
For the three months ended September 30, 2018, Mannatech’s operations outside of the Americas accounted for approximately 69.1 percent of the company’s consolidated net sales.
To read the full Mannatech Q3 2018 report, click here.