Mannatech Reports 3.3% Growth in First Quarter

Admin   |   13 May, 2015   |   659   |   3980

Mannatech Inc. continues to build momentum on the strength of its international business, according to the company’s quarterly earnings results released Tuesday.

The nutrition and skincare brand, which ties its business to fighting childhood malnutrition through the Mission 5 Million (M5M) program, reported total revenue of $44.4 million, up 3.3 percent from $43.0 million in the first quarter of 2014. In constant dollars, Mannatech posted 7.4 percent revenue growth. Earnings totaled 40 cents per share, versus 8 cents per share a year ago.

“We are pleased that our global teams continue making forward progress on multiple fronts,” said CEO and Chief Science Officer Dr. Robert Sinnott. “Our mandates for this year remain largely the same: to improve our global sales, keep expenses in line, and increase operational efficiency to improve profitability.”

In the first three months of 2015, Mannatech’s strongest performance came from the Asia/Pacific region, where sales increased by 19.5 percent, or $3.7 million, over the prior-year period. EMEA revenue dipped 2.7 percent to $3.6 million. In North America, revenue fell 10.8 percent to $18.1 million as the company recorded a 15.7% decline in active members.