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Mannatech Reports $42.5 Million In Net Sales For The Second Quarter

Mannatech, Incorporated reported a 12.9 percent rise in net sales to $42.5 million in the second quarter of 2021, compared to the same quarter the previous year. The company’s net income for the quarter was $2.1 million, or $0.99 per diluted share, up from $0.47 per diluted share in the prior year’s quarter.

Operating costs increased by 13.6 percent to $5.4 million in the third quarter. Credit card costs, consultancy fees, travel and entertainment expenses, and office expenses all accounted for the majority of the rise. Due to a payroll hike and distribution and warehousing charges, overall selling and administration expenditures climbed by $0.4 million to $7.6 million.

The company’s net sales for the first half of the year totaled $80.8 million, up 8.8% over the same period the previous year. Year-to-date net income is $4.3 million, or $0.23 per diluted share, up from $3.9 million and $1.62 per diluted share the previous year.

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