Reliv International, Inc. reported net sales of $8.0 million for the second quarter of 2020, a decrease of 2.9 percent from $8.3 million in Q2 2019.
Net sales in the United States increased to $6.1 million in the second quarter of 2020, which represented a 3.1% increase in net sales when compared to the prior-year quarter. Net sales in Reliv’s foreign markets decreased 18.0% in the second quarter of 2020 compared with the prior-year quarter. All foreign markets experienced decreases in net sales, including decreases in net sales in Asia and Europe of 18.3% and 20.4%, respectively, in the second quarter of 2020. The decreases in foreign net sales were primarily the result of local business disruptions caused by COVID-19 pandemic.
“In spite of the obstacles created by the COVID-19 pandemic, our business showed its resiliency during the second quarter of 2020,” commented Ryan A. Montgomery, chief executive officer. “We were able to generate a modest increase in sales in the United States as our company and distributors continue to adapt our business model and use of technology to the ‘new normal’ of life during these challenging times.”
Reliv’s net sales for the first six months of 2020 were $18.3 million, which represented a 3.1% increase compared to same period in 2019. Net sales in the United States increased by 7.0% and net sales in Reliv’s foreign markets decreased by 7.6% in the first half of 2020 compared with the first half of last year. Net sales in Reliv’s foreign markets decreased by 6.7% during the first half of 2020 when the impact of foreign currency fluctuation is removed.
To read the complete Reliv Q2 2020 financial report, click here.