Wellness products firm Mannatech Q2 net sales fall

Reuters08-13
Wellness products firm Mannatech <a href="https://laohu8.com/S/QTWO">Q2</a> 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

Metric

Beat/Miss

Actual

Consensus 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment