Mannatech Q2 net sales rise, returns to profit
Mannatech Q2 net sales rise, returns to profit
Overview
Health supplements maker's Q2 net sales rose yr/yr to $26.7 mln
Company returned to profitability with Q2 net income of $1.0 mln
Gross margin improved to 76.9% from 73.6% in prior-year quarter
Result Drivers
RECRUITING INCREASE - Co said recruiting new associates and preferred customers rose 33% yr/yr in Q2
EXPENSE REDUCTION - Selling and administrative expenses fell 17% yr/yr, supporting improved operating income
FOREIGN EXCHANGE IMPACT - Currency fluctuations reduced GAAP net sales by $0.3 mln in Q2
Company press release: ID:nGNX25dg4K
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| $26.7 mln |
|
Q2 Net Income |
| $1.0 mln |
|
Q2 Gross Profit |
| $20.49 mln |
|
Q2 Income from Operations |
| $998,000 |
|
Q2 Operating Expenses |
| $19.49 mln |
|
Q2 Pretax Profit |
| $1.17 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)