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
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
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