Nature’s Sunshine Products, Inc. reported net sales of $95.9 million for Q1 2020, an increase of 5.1 percent compared to $91.3 million in Q1 2019.
“We are extremely proud and appreciative of the entire Nature’s Sunshine’ global team for adapting, navigating and delivering on our mission of supporting the health and wellness of our consumers during these unprecedented times,” said CEO Terrence Moorehead. “We immediately established procedures to comply with established safety protocols, ensuring our production and distribution operations could effectively, and safely, meet strong consumer demand. We were successful, supporting a rapid acceleration of sales in several markets as the pandemic escalated. While this initial surge is not expected to continue in the second quarter as volumes have begun to normalize more recently and macroeconomic challenges will be difficult to forecast, we have seen the strong foundation and demand for Nature’s Sunshine products globally.”
Regional net sales for the Lehi, Utah-based natural health and wellness company were (in thousands):
- Asia: $30,958, a decrease of 7.9% from $33,596 in Q1 2019
- Europe: $20,627, an increase of 32.2% from $15,597 in Q1 2019
- North America: $38,757, an increase of 6.1% from $36,523 in Q1 2019
- Latin America and Other: $5,584, an increase of 0.5% from $5,556 in Q1 2019
To read the complete Nature’s Sunshine Q1 2020 report, click here.