Overview

* Mannatech Inc ( MTEX ) 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/Mis Actual Consensu

s s

Estimate

Q2 Sales $25.68

mln

Q2 Net -$4.31

Income mln

Q2 Gross $18.90

Profit mln

Q2 -$1.44

Income mln

from

Operatio

ns

Q2 $20.34

Operatin mln

g

Expenses

Q2 -$4.29

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)