NHTC

Shares of Natural Health Trends Corp. (NHTC) have lost 6% since the company reported its earnings for the quarter ended June 30, 2026. This compares to the S&P 500 Index’s 1.2% rise over the same time frame. Over the past month, the stock lost 9% compared with the S&P 500’s 0.9% decline. Natural Health reported second-quarter 2026 revenues of $7.6 million, down 22.5% year over year from $9.8 million. The company posted a net loss of $451,000, or 5 cents per diluted share, against net income of $15,000, or breakeven per diluted share, in the year-ago quarter. Operating loss widened to $643,000 from $333,000 a year earlier. Gross profit declined 21.1% to $5.7 million from $7.3 million, although gross margin improved to 75.2% from 73.9%. Segment-wise, the Primary Reporting Unit generated revenues of $7.4 million, down 22.2% year over year, while China revenues fell 36.5% to $139,000 and Russia and Kazakhstan revenues declined 22.8% to $78,000. Hong Kong, NHTC’s largest market and the source of substantially all products delivered into China, remained the primary driver of the revenue decline. Natural Health ended the quarter with 26,000 Active Members, down from 26,650 as of Dec. 31, 2025, and 29,260 as of June 30, 2025, indicating continued pressure on customer engagement. Commissions expense declined 22.5% to $3.1 million from $4 million, though it remained unchanged at 40.9% of revenues because supplemental incentive costs offset the impact of lower sales. Selling, general and administrative (SG&A) expenses fell 9% to $3.3 million, although they increased as a percentage of revenues because of the decline in sales. Other income declined 45.4% to $190,000 from $348,000, mainly because of lower interest income. Cash, cash equivalents and marketable securities totaled $18.6 million as of June 30, 2026, compared with $28.9 million at the end of 2025, primarily reflecting share repurchases and dividend payments during the first half of the year. Cumulative net cash used in operating activities narrowed to $2.2 million for the first six months of 2026 from $5.2 million in the comparable prior-year period. NHTC also noted that its restructuring program generated approximately $300,000 in operating and margin-related cost savings during the quarter and more than $600,000 year to date. Natural Health Trends Corp. price-consensus-eps-surprise-chart | Natural Health Trends Corp. Quote President Chris Sharng said that the operating environment remained challenging as Chinese consumers continued to be cautious about spending and investing. Sharng added that regulatory uncertainty caused some members to pause business activities during the quarter, while policy violations by certain Hong Kong members disrupted operations and negatively affected revenue and profitability. Despite these headwinds, he said that the restructuring initiative launched late last year has streamlined operations and lowered costs, with additional savings expected during the second half of 2026. Management also highlighted efforts to support future growth through continued investment in products and technology. NHTC introduced SuperNutri One, a new grain powder product, reported encouraging early customer response and continues to pursue member engagement through promotions and incentive programs. Management expects more than 1,000 attendees at the company's 25th anniversary celebration in Hong Kong during the third quarter, where it plans to reinforce its long-term strategy with distributors and customers. Management attributed the revenue decline primarily to weaker demand in Greater China, which remains Natural Health’s core market. Continued economic uncertainty and cautious consumer spending in China weighed on purchasing activity. The company also cited heightened regulatory uncertainty following proposed revisions to China's anti-pyramid-selling regulations, which prompted some members to suspend activities. Additionally, misconduct by certain independent members in Hong Kong disrupted parts of the sales network and adversely affected second-quarter operating performance. Despite lower sales, gross margin expanded because production shifted from the United States to East Asia, reducing tariff-related uncertainty and improving logistics efficiency. SG&A expenses declined year over year due to lower employee-related costs, professional fees and credit card expenses, partially offsetting the impact of weaker revenue. Natural Health did not provide formal financial guidance for upcoming quarters. However, management reiterated its expectation that the restructuring program will generate additional cost savings during the second half of 2026. NHTC also emphasized continued investment in digital capabilities, product innovation and member support while maintaining financial discipline. Management said that it remains focused on strengthening the business foundation so it can capitalize on growth opportunities as market conditions improve. NHTC’s board of directors authorized the resumption of share repurchases under its existing stock repurchase program, with approximately $15.9 million remaining available. During the first half of 2026, Natural Health repurchased approximately 2.9 million shares for $5.9 million under the program. Natural Health also continued executing the restructuring program initiated in 2025. The initiative included workforce optimization, relocation of certain manufacturing activities to Asia and office downsizing. Management expects these actions to produce approximately $1.5 million in annualized cost savings, although the timing of realizing the full benefits may vary. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Natural Health Trends Corp. (NHTC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gross profit margin improved to 75.2% from 73.9% due to manufacturing transition to East Asia. Restructuring initiatives reduced operating expenses by approximately $300,000 in Q2 2026. Year-to-date savings from restructuring exceeded $600,000, with more expected in H2 2026. Launched SuperNutri One, a new tropical flavor grain powder, receiving positive customer feedback. Board authorized resumption of share repurchases with $15.9 million remaining, signaling confidence. Net sales fell 23% year-over-year to $7.6 million due to cautious consumer spending in China. Regulatory uncertainty in China caused some members to pause activities during the quarter. Member conduct violations in Hong Kong disrupted business and negatively impacted Q2 results. Operating loss widened to $643,000 from $333,000 in the prior year quarter. Cash and marketable securities decreased to $18.6 million from $28.9 million at year-end 2025. Warning! GuruFocus has detected 4 Warning Signs with NHTC. Is NHTC fairly valued? Test your thesis with our free DCF calculator. Q: What were the primary drivers of the 23% decline in second-quarter 2026 net sales?A: Christopher Sharng, President: The decline was primarily due to continued cautious consumer spending in China, regulatory uncertainty that caused some members to pause activities, and the identification of conduct by certain members that violated the company's Hong Kong policies and procedures, which disrupted our business. Q: How are the restructuring initiatives implemented late last year impacting financial results?A: Timothy Davidson, CFO: The restructuring initiatives are delivering expected financial benefits. They drove improvements in gross margin and reduced operating expenses by approximately $300,000 in the second quarter. Year-to-date, these actions have generated more than $600,000 in savings, with additional savings expected in the second half of the year. Q: What is the company's strategy for future growth despite the challenging environment?A: Christopher Sharng, President: Our priorities are to execute with financial discipline, invest in initiatives that strengthen our competitive position, and support our field with innovative products, enhanced digital capabilities, and meaningful engagement. We are also focused on targeted product launches, promotions, and incentive initiatives to increase engagement and customer loyalty. Q: What is the significance of the upcoming 25th anniversary celebration in Hong Kong?A: Christopher Sharng, President: The event is an important milestone where we expect to welcome more than 1,000 attendees from around the world. It will be used to reaffirm our long-term strategy, strengthen engagement with our global field leadership, and reinforce our commitment to future growth. Q: What is the company's current financial position and how is it returning value to shareholders?A: Timothy Davidson, CFO: Total cash, cash equivalents, and marketable securities were $18.6 million at June 30, 2026. The Board of Directors authorized the resumption of share repurchases under the existing program, with $15.9 million remaining available, indicating confidence in the business and a commitment to returning cash to shareholders. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

– Company preparing for its 25th anniversary celebration in Hong Kong in the next quarter– Board of Directors authorized resuming stock repurchases, with approximately $16 million available  – Restructuring program generated approximately $300,000 of operating and other margin-related cost savings during the quarter– Year-to-date savings from the restructuring program have exceeded $600,000 LOS ANGELES, July 29, 2026 (GLOBE NEWSWIRE) -- Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced its financial results for the quarter ended June 30, 2026. Second Quarter 2026 Financial Results Revenue of $7.6 million decreased 23% compared to $9.8 million in the second quarter of 2025. Operating loss was $643,000 compared to $333,000 in the second quarter of 2025. Net loss was $451,000, or $0.05 per diluted share, compared to net income of $15,000, or breakeven per diluted share, in the second quarter of 2025. The number of Active Members1 was 26,000 at June 30, 2026 compared to 26,650 at December 31, 2025 and 29,260 at June 30, 2025. 1Natural Health Trends defines Active Members as those that have placed at least one product order with the Company during the preceding twelve-month period. Year-to-Date 2026 Financial Results Revenue of $16.8 million decreased 18% compared to $20.6 million in the first six months of 2025. Operating loss was $1.1 million compared to $678,000 in the first six months of 2025. Net loss was $605,000, or $0.06 per diluted share, compared to net income of $137,000, or $0.01 per diluted share, in the first six months of 2025. Management Commentary “The operating environment remains challenging. In China, consumers continue to be cautious about spending and investing, while regulatory uncertainty caused some members to pause activities during the quarter. We also identified conduct by certain members that violated the Company's Hong Kong policies, procedures and professional code of conduct. These activities disrupted our business and adversely affected second quarter revenue and operating results. At the same time, the restructuring program implemented late last year has already reduced costs and streamlined our organization, and we expect to realize additional savings in the second half of the year. We are also developing programs and campaigns to more aggressively support our members while continuing to invest in products and technology,” commented Chris Sharng, President of Natural Health Trends Corp. Mr. Sharng continued, “We're looking forward to celebrating our 25th anniversary in Hong Kong in the third quarter with a full lineup of prizes and rewards that customers can qualify for leading up to and during the event. We expect more than 1,000 attendees from around the world and plan to reconfirm our strategies and commitment at this event.” Balance Sheet and Cash Flow Net cash used in operating activities was $2.2 million in the first six months of 2026 compared to $5.2 million in the first six months of 2025. Total cash, cash equivalents and marketable securities were $18.6 million at June 30, 2026, down from $28.9 million at December 31, 2025 primarily due to the repurchase of shares of common stock and dividends paid during the first six months of 2026. The Company's Board of Directors has authorized the resumption of share repurchases under its existing stock repurchase program, with $15.9 million remaining available, subject to market conditions and other relevant considerations. Second Quarter 2026 Financial Results Conference Call Management will host a conference call to discuss the second quarter 2026 financial results today, Wednesday, July 29, 2026 at 11:30 a.m. Eastern Time. The conference call details are as follows: For those unable to participate during the live broadcast, a replay of the call will be available on the Company's Investor Relations website at https://ir.naturalhealthtrendscorp. About Natural Health Trends Corp. Natural Health Trends Corp. (NASDAQ: NHTC) is an international direct-selling and e-commerce company operating through its subsidiaries throughout Asia, the Americas, and Europe. The Company markets premium quality personal care products under the NHT Global brand. Additional information can be found on the Company’s website at www.naturalhealthtrendscorp.com. Forward-Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Forward-looking statements in this press release do not constitute guarantees of future performance. Forward-looking statements in this press release include statements relating to the anticipated effect of restructuring activities, including expected operational efficiencies and cost savings resulting therefrom, statements regarding technology investments, future growth and profitability, and statements relating to future dividends, the declaration and payment of which will be at the sole discretion of the Company's Board of Directors. Such forward-looking statements are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those anticipated. Such risks and uncertainties include the risks and uncertainties detailed under the caption “Risk Factors” in Natural Health Trends Corp.’s Annual Report on Form 10-K filed on February 20, 2026 with the Securities and Exchange Commission (SEC), as well as in subsequent reports filed this year with the SEC. The Company assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. CONTACT: Scott DavidsonSenior Vice President and Chief Financial OfficerNatural Health Trends Corp.Tel (U.S.): [email protected]

Shares of Natural Health Trends Corp. NHTC have gained 4.4% since the company reported its earnings for the quarter ended March 31, 2026, outperforming the S&P 500 Index’s 1.5% rise over the same time frame. However, over the past month, the stock underperformed the broader market, rising 8.7% compared with the S&P 500’s 10.1% advance. Natural Health reported first-quarter 2026 revenues of $9.2 million, representing a 14.3% decline from $10.7 million in the year-ago period. The company swung to a net loss of $154,000, or $0.02 per diluted share, from a net income of $122,000, or $0.01 per share, in the prior-year quarter. Operating loss widened to $474,000 from $345,000 a year earlier. Gross profit decreased 12.7% to $6.9 million from $7.9 million, though gross margin improved to 75% from 73.6% in the year-ago period. Segment-wise, the primary reporting unit — which includes most global operations — saw net sales fall 15.1% to $8.8 million from $10.4 million, while China sales increased 27.4% to $298,000 from $234,000, and Russia and Kazakhstan declined 19.6% to $78,000 from $97,000. NHTC reported 26,400 active members as of March 31, 2026, down from 30,180 a year earlier, reflecting continued pressure on its distributor base. Operating expenses declined 10.6%, with selling, general and administrative costs falling 6.3% year over year to $3.5 million from $3.8 million. However, as a percentage of revenue, these costs increased due to the lower sales base. Commissions expense remained steady at 41.8% of revenue, indicating stable payout structures despite lower volumes. Cash and marketable securities totaled $21.2 million as of March 31, 2026, down from $28.9 million at the end of 2025, primarily due to share repurchases, dividend payments and operating cash outflows. Cash flow trends were less favorable, with the company using $797,000 in operating activities against generating $484,000 in the prior-year period, reflecting both lower profitability and working capital changes. Natural Health Trends Corp. price-consensus-eps-surprise-chart | Natural Health Trends Corp. Quote Management highlighted that the business continues to face macroeconomic challenges, particularly subdued consumer spending in China and lingering effects from U.S.-China trade tensions. Despite these pressures, executives noted that revenue has stabilized over recent quarters. Natural Health emphasized progress from its restructuring program, which has begun to lower costs and streamline operations. Management also pointed to ongoing investments in technology, including a revamped website, a new back-office platform, and AI-driven tools aimed at improving member productivity and customer engagement. The revenue decline was primarily attributed to weaker sales in Hong Kong, which accounts for a significant portion of NHTC’s business and is closely tied to demand from China. Sales in Hong Kong dropped 16.7% year over year due to negative consumer sentiment and economic uncertainty linked to tariffs and geopolitical tensions. While overall revenue declined, gross margin improved due to a strategic shift in manufacturing from the United States to East Asia, reducing logistics costs and mitigating tariff exposure. Lower employee-related and event costs also contributed to reduced operating expenses, partially offsetting the impact of declining revenue. Natural Health did not provide explicit quantitative guidance for the upcoming quarters. However, management expressed confidence that ongoing cost reductions, technology investments and upcoming brand initiatives — including its 25th anniversary events in Hong Kong — could help drive engagement and support future growth. NHTC also reiterated its focus on returning capital to shareholders through dividends. During the quarter, Natural Health repurchased 2,935,227 shares of its common stock, representing 25.5% of its outstanding shares for $5.9 million, significantly reducing its share count. NHTC also declared a quarterly dividend of $0.10 per share, continuing its capital return strategy. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Natural Health Trends Corp. (NHTC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: April 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Natural Health Trends Corp (NASDAQ:NHTC) has managed to stabilize its top-line despite challenging macroeconomic conditions and subdued consumer spending. The restructuring program implemented in the previous quarter has resulted in tangible benefits, including an improvement in gross profit margin and a reduction in operating expenses by approximately $300,000. The company launched an enhanced website, nhglobal.com, which features refreshed branding and improved customer experience. New technologies, including an AI-powered member app and AI agents for logistics and member services, are being developed to support future growth and enhance business efficiency. Natural Health Trends Corp (NASDAQ:NHTC) introduced a new product, Super Nutri One, aimed at improving digestion, detox, and immunity. Total revenue for the first quarter decreased by 6% from the previous quarter and declined by 14% compared to the same quarter last year. The company reported an operating loss of $474,000 for the quarter, which is higher than the $345,000 loss reported in the first quarter of the previous year. Net loss for the first quarter was $154,000, compared to a net income of $122,000 in the first quarter of the previous year. Net cash used in operating activities was $797,000, a significant change from the net cash provided by operating activities of $484,000 in the same period last year. Total cash equivalents and marketable securities decreased from $28.9 million at the end of 2025 to $21.2 million at the end of the first quarter of 2026, partly due to share repurchases and dividend payments. Warning! GuruFocus has detected 4 Warning Signs with NHTC. Is NHTC fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the impact of the restructuring program on your financials? A: (Scott Davidson, CFO) The restructuring program has led to an improvement in our gross profit margin, which increased to 75% from 73.6% last year. Additionally, operating expenses were reduced by approximately $300,000, contributing to a more efficient cost structure. Q: What are the key technological advancements you have implemented recently? A: (Chris Sharn, President) We launched an enhanced website, nhglobal.com, with refreshed branding and improved product information. We are also developing a new back-office platform, an AI-powered member app, and AI agents for logistics and member services to enhance productivity and customer experience. Q: How has the trade war between America and China affected your business? A: (Chris Sharn, President) The trade war rhetoric intensified last year, adversely impacting our business. However, we have managed to stabilize our top-line despite ongoing macroeconomic pressures and subdued consumer spending. Q: Can you provide details on your recent product launch? A: (Chris Sharn, President) We recently introduced Super Nutri One, a tropical-flavored greens powder designed for digestion, detox, and immunity. This product is part of our strategy to expand our product offerings and support future growth. Q: What are your plans for the 25th anniversary celebration in Hong Kong? A: (Chris Sharn, President) We are planning a full calendar of events and brand initiatives to celebrate our 25th anniversary in Hong Kong. These activities aim to drive engagement and strengthen the NHT Global brand as we look forward to the next phase of our business. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

LOS ANGELES, April 29, 2026 (GLOBE NEWSWIRE) -- Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced its financial results for the quarter ended March 31, 2026. First Quarter 2026 Financial Highlights Revenue of $9.2 million decreased 6% compared to $9.7 million in the fourth quarter of 2025 and declined 14% compared to $10.7 million in the first quarter of 2025. Operating loss was $474,000 compared to $635,000 in the fourth quarter of 2025 and $345,000 in the first quarter of 2025. Net loss was $154,000, or $0.02 per diluted share, compared to $588,000, or $0.05 per diluted share, in the fourth quarter of 2025 and net income of $122,000, or $0.01 per diluted share, in the first quarter of 2025. The number of Active Members1 was 26,400 at March 31, 2026 compared to 26,650 at December 31, 2025 and 30,180 at March 31, 2025. 1 Natural Health Trends defines Active Members as those that have placed at least one product order with the Company during the preceding twelve-month period. Management Commentary “Our business was impacted when trade war rhetoric intensified about a year ago, but we have since stabilized our top line. The operating environment remains challenging amid subdued consumer spending in China. The restructuring program we announced and implemented late last year has lowered our costs, streamlined our organization, and positioned us to capitalize on growth opportunities. At the same time, we remain focused on launching new products and deploying technology tools to support our members and customers and improve our business efficiency and insights,” commented Chris Sharng, President of Natural Health Trends Corp. Mr. Sharng continued, "We are also looking ahead with great anticipation to our 25th anniversary in Hong Kong later this year, supported by a full calendar of events and brand initiatives leading up to and throughout the celebration as we mark this important milestone in our Company’s history.” Balance Sheet and Cash Flow Net cash used in operating activities was $797,000 in the first quarter of 2026 compared to net cash provided by operations of $484,000 in the first quarter of 2025. Total cash, cash equivalents and marketable securities were $21.2 million at March 31, 2026, down from $28.9 million at December 31, 2025 due to the repurchase of shares of common stock and dividends paid during the first three months of 2026. On April 27, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.10 on each share of common stock outstanding. The dividend will be payable on May 22, 2026 to stockholders of record as of May 12, 2026. First Quarter 2026 Financial Results Conference Call Management will host a conference call to discuss the first quarter 2026 financial results today, Wednesday, April 29, 2026 at 11:30 a.m. Eastern Time. The conference call details are as follows: For those unable to participate during the live broadcast, a replay of the call will be available on the Company's Investor Relations website at https://ir.naturalhealthtrendscorp. About Natural Health Trends Corp. Natural Health Trends Corp. (NASDAQ: NHTC) is an international direct-selling and e-commerce company operating through its subsidiaries throughout Asia, the Americas, and Europe. The Company markets premium quality personal care products under the NHT Global brand. Additional information can be found on the Company’s website at www.naturalhealthtrendscorp.com. Forward-Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Forward-looking statements in this press release do not constitute guarantees of future performance. Forward-looking statements in this press release include statements relating to the anticipated effect of restructuring activities, including expected operational efficiencies and cost savings resulting therefrom, statements regarding technology investments, future growth and profitability, and statements relating to future dividends, the declaration and payment of which will be at the sole discretion of the Company's Board of Directors. Such forward-looking statements are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those anticipated. Such risks and uncertainties include the risks and uncertainties detailed under the caption “Risk Factors” in Natural Health Trends Corp.’s Annual Report on Form 10-K filed on February 20, 2026 with the Securities and Exchange Commission (SEC), as well as in subsequent reports filed this year with the SEC. The Company assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. NATURAL HEALTH TRENDS CORP. CONSOLIDATED BALANCE SHEETS (In thousands, except share data) NATURAL HEALTH TRENDS CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (In thousands, except per share data) NATURAL HEALTH TRENDS CORP. CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (In thousands) CONTACT: Scott Davidson Senior Vice President and Chief Financial Officer Natural Health Trends Corp. Tel (U.S.): 310-541-0888 [email protected]