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Mannatech Q3 2019 Net Sales Down Nearly 8%

Mannatech Q3 2019

Mannatech, Incorporated (NASDAQ: MTEX) announced net sales of $39.7 million for the third quarter of 2019.

The net sales reflected a decrease of $3.4 million, or 7.8 percent, as compared to $43.0 million in the third quarter of 2018. For the three months ended September 30, 2019, net sales declined 4.9 percent on a constant dollar basis as compared to the same period in 2018.

For the nine-month period ending September 30, 2019, net sales were $118.3 million, as compared to $129.5 million for the same period in 2018.

The company reported that the number of new independent associate and preferred customer positions held by individuals in the network for the three months ended September 30, 2019, was approximately 22,321, as compared to 25,802 for the same period in 2018. Recruitment of new independent associates and preferred customers decreased 13.5 percent during the three months ended September 30, 2019, as compared to the same period in 2018.

To read the full Mannatech Q3 2019 report, click here.

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