Mannatech Q1 net sales fall on lower network activity

Mannatech, Incorporated

Mannatech, Incorporated

MTEX

0.00


Overview

  • US health and wellness firm's Q1 net sales fell 6.2% yr/yr to $24.9 mln

  • Company posted net income of $1.0 mln, reversing a net loss last year

  • Active associates and customers declined, with recruiting down 15.6% yr/yr


Outlook

  • Company says changes in trade policies could affect cost structure and profitability


Result Drivers

  • LOWER NETWORK ACTIVITY - Decline in active associates and preferred customers, with recruiting down 15.6% yr/yr, contributed to lower sales

  • FOREIGN EXCHANGE IMPACT - Favorable currency movements increased GAAP net sales by $0.5 mln, partially offsetting underlying sales decline

  • COST CONTROL - Selling and administrative expenses fell 7.3% yr/yr, helping limit operating losses


Company press release: ID:nGNX1NDQMH


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$24.90 mln

Q1 EPS

$0.49


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