Nature’s Sunshine Products, Inc., the Lehi, Utah-based natural health and wellness company, reported its net sales for the second quarter ended June 30, 2018, increased 12.2 percent year-over-year to $91.3 million compared to $81.3 million in the second quarter of 2017.
“We generated strong second quarter sales growth compared to the prior year period, which combined with our focus on cost controls led to improvement in both net income and EBITDA compared to the prior year,” said Gregory L. Probert, chairman and chief executive officer.
According to the company, sales growth was primarily related to continued growth in Synergy Asia Pacific, NSP Russia, Central and Eastern Europe and NSP China, offset by a $1.0 million decline in net sales in NSP Americas and a $1.0 million decline in Synergy Europe. In China, where Nature’s Sunshine remains in the early development of direct selling operations, the company dedicated management resources to increasing the engagement of independent service providers over the past several months and will continue to focus on broadening its leadership and driving a long-term growth opportunity in the market.
For the year, net sales increased 8.6 percent to $178.6 million compared to $164.4 million in the six months ended June 30, 2017. Growth was primarily related to continued growth in Synergy Asia Pacific, NSP Russia, Central and Eastern Europe and NSP China, offset by a $3.8 million decline in nets sales in NSP Americas and a $1.3 million decline in Synergy Europe.
To read the full Nature’s Sunshine Q2 report, click here.