Nature’s Sunshine Products, Inc. (NASDAQ: NATR) reported its net sales for the first quarter ended March 31, 2019 were $91.3 million.
“We are pleased to report a strong start to fiscal 2019 with continued net sales growth and significantly improved earnings,” said CEO Terrence Moorehead. “Growth continues to be driven by sustained positive sales trends in NSP China, Synergy Asia Pacific and NSP Russia, Central and Eastern Europe, as well as positive growth in Synergy North America during the first quarter. We are seeing an enhanced profit profile, reflecting the benefits of our cost control initiatives that contributed to a more than an 81 percent increase in adjusted EBITDA during the first quarter.”
Net sales of $91.3 million increased 4.5 percent compared to $87.3 million in the first quarter of 2018. Net sales were also negatively impacted by $2.3 million of unfavorable foreign currency exchange rate fluctuations.
On a local currency basis, net sales increased 7.1 percent compared to 2018. The increase was primarily related to growth in Synergy Asia Pacific, NSP Russia, Central and Eastern Europe and NSP China offset by a $3.2 million decline in net sales in NSP Americas and a $0.9 million decline in Synergy Europe.
To read the full Nature’s Sunshine Q1 2019 report, click here.