Growth in the Synergy WorldWide segment boosted third-quarter results at Nature’s Sunshine Products Inc. (NATR—NASDAQ).
In the quarter ended Sept. 30, overall sales were up 7 percent from a year earlier to $85.4 million, driven by 20 percent higher sales in the Synergy Asia Pacific business. The gains were offset by a 16 percent drop in sales at Nature’s Sunshine Products (NSP) Latin America; however, the company has logged nine consecutive quarters of growth in both NSP United States and NSP Canada.
“During the third quarter, our global growth trends continued and we made good progress with our key product and new market initiatives,” said Gregory L. Probert, Chairman and CEO. He added that the health and wellness company continued to build infrastructure in China as it awaits approval to commence direct sales in the market.
Management said net income from continuing operations was $3.9 million, or 22 cents a share, up from $1.6 million, or 8 cents a share, in the third quarter of 2015.