Nature's Sunshine(US:NATR)2025-07-31 21:11Sales Performance - Consolidated net sales for the three months ended June 30, 2025, were $114.8 million, representing an increase of 3.8% compared to $110.6 million for the same period in 2024[105]. - For the six months ended June 30, 2025, consolidated net sales were $228.0 million, an increase of 2.9% from $221.5 million in 2024[105]. - Net sales in Asia for the three months ended June 30, 2025, were $52.7 million, a 5.4% increase from $50.0 million in 2024[106]. - In North America, net sales for the three months ended June 30, 2025, were $35.0 million, a 4.2% increase from $33.6 million in 2024[112]. - In the Japan market, net sales increased by $3.5 million, or 36.0%, for the three months ended June 30, 2025, compared to the same period in 2024[108]. - Net sales in Europe for the three months ended June 30, 2025, were $21.7 million, a 0.6% increase from $21.6 million in 2024[111]. - Latin America and Other markets saw net sales of $5.4 million for the three months ended June 30, 2025, remaining flat compared to the same period in 2024[114]. Expenses and Income - Volume incentives expense as a percent of net sales decreased to 29.9% for the three months ended June 30, 2025, down from 31.4% in 2024[117]. - Cost of sales as a percent of net sales was 28.3% for the three months ended June 30, 2025, compared to 28.6% for the same period in 2024[116]. - Selling, general and administrative expenses increased by $5.1 million to $43.7 million for the three months ended June 30, 2025, representing 38.1% of net sales compared to 34.9% in the same period of 2024[119]. - Other income for the three months ended June 30, 2025, was $3.3 million, a turnaround from a loss of $1.2 million in the same period of 2024[120]. - The provision for income taxes for the three months ended June 30, 2025, was 26.8%, significantly lower than 66.4% in the same period of 2024[121]. Cash Flow and Capital - Cash generated from operating activities for the six months ended June 30, 2025, was $6.9 million, up from $3.5 million in the same period of 2024[135]. - Investing activities used $2.5 million for the six months ended June 30, 2025, compared to $7.0 million in the same period of 2024[136]. - Financing activities used $12.9 million for the six months ended June 30, 2025, compared to $8.3 million in the same period of 2024[137]. - The company repurchased 1,011,000 shares for $12.4 million under the share repurchase program during the six months ended June 30, 2025[138]. - As of June 30, 2025, working capital was $96.0 million, an increase from $94.9 million as of December 31, 2024[133]. - The company had $81.3 million in cash as of June 30, 2025, with $72.5 million held in foreign markets[133]. Foreign Currency Impact - The company expects continued impact from foreign currency fluctuations on net sales, particularly in international operations[104]. - The effective tax rate difference for the three months ended June 30, 2025, was primarily due to operations in foreign countries treated as branches for U.S. tax purposes[122].