Flower Mound, Texas-based Mannatech, Incorporated recently announced financial results for its second quarter of 2018.
Net sales were $45.1 million, a decrease of $2.6 million, or 5.3 percent, as compared to $47.7 million in the second quarter of 2017. Mannatech’s operations outside of the Americas accounted for approximately 61.6 percent of its consolidated net sales.
Regionally, results included:
- Asia/Pacific: Net sales decreased by $0.2 million, or 0.8 percent, to $24.5 million, as compared to $24.7 million for the same period in 2017. This decrease was primarily due to a 19.8 percent decline in the number of active independent associates and preferred customers, which was partially offset by a 23.6 percent increase in revenue per active independent associate and preferred customer.
- Europe, the Middle East and Africa (“EMEA”): Net sales decreased by $0.2 million, or 5.7 percent, to $3.3 million, as compared to $3.5 million for the same period in 2017. This decrease was primarily due to a 21.6 percent decline in revenue per active independent associate and preferred customer, which was partially offset by a 20.2 percent increase in the number of active independent associates and preferred customers.
- Americas: Net sales decreased by $2.2 million, or 11.3 percent, to $17.3 million, as compared to $19.5 million for the same period in 2017. This decrease was primarily due to a 9.6 percent decline in revenue per active independent associate and preferred customer as well as a 1.8 percent decrease in the number of active independent associates and preferred customers.
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, 2018 and 2017 were approximately 202,000 and 218,000, respectively.
To read the full Mannatech Q2 financial report, click here.
