Mannatech, Incorporated announced its financial results for the first quarter of 2021, reporting net sales of $38.3 million, a 4.7% increase over the first quarter of last year. Net income for the quarter reached $2.2 million, or $1.04 per diluted share, a slight downturn from the first quarter of 2020, which totaled $2.8 million and $1.15 per diluted share.
Overall selling and administrative expenses in the quarter increased slightly, to $7.1 million, due to payroll costs and an increase in marketing expenditures, while operating costs decreased by 4.4% to $5.1 million as a result of limited travel, entertainment and office expenses.
Recruitment in the quarter increased by 4.6% and the company now has approximately 187,000 distributors and 166,000 preferred customers.