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MTEX — Mannatech News Story

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Wellness products firm Mannatech Q2 net sales fall

Overview

Mannatech Inc Q2 net sales fall 7.4% yr/yr due to weakened demand

Gross profit margin declines to 73.6% amid higher freight costs

Net loss widens to $4.3 mln from $0.6 mln a year ago

Result Drivers

WEAKENED DEMAND - Slowing demand in certain regions due to weakened economic conditions led to a 7.4% decrease in net sales

FREIGHT COSTS - Increased freight costs and sales promotions contributed to a decline in gross profit margin to 73.6%

COMMISSION EXPENSES - Commission expenses fell by 14.4% as a result of decreased sales

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Sales$25.68 mln
Q2 Net Income-$4.31 mln
Q2 Gross Profit$18.90 mln
Q2 Income from Operations-$1.44 mln
Q2 Operating Expenses$20.34 mln
Q2 Pretax Profit-$4.29 mln
Press Release: ID:nBw7zg2b8a (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.)

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