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
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.)