Nature's Sunshine Products reported record second-quarter net sales of $117 million and a gross margin of 73.7%, but cut its full-year guidance due to currency swings and a 20% sales decline in China. The company lowered its full-year net sales guidance to a range of $490 million to $500 million, down from $500 million to $515 million, and reduced its EBITDA guidance to $48 million to $52 million from $50 million to $54 million. Management also unveiled a plan to double sales to $1 billion, supported by 26% growth in North America digital sales and a 50% jump in Japan sales. The company named Ruth Perkins as CFO effective September 1 and Janine Weber as President of North America effective August 10.
Natures Sunshine Products IncCut full-year guidance due to currency swings and China sales decline
