Mannatech tanks after downbeat Q1 results
13/05/2022 18:10
** Shares of wellness products provider MTEX.O hit near
one-year low, down 8.4% at $26.85
** Co reported Q1 2022 net sales of $32.4 mln down 15.5%
from $38.3 mln in Q1 2021
** MTEX posted Q1 profit per share of $0.06 per diluted
share as compared to $1.04 for Q1 2021
** Co says Q1 net sales was primarily affected by the
decline in Korean Won, Japanese Yen and supply chain constraints
** YTD, shares have fallen 29.9%
(Reporting by Raechel Thankam Job)
((RaechelThankam.Job@thomsonreuters.com;))