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Mannatech Reports Fourth Quarter 2024 Financial Results

1. Mannatech's Q4 2024 net sales fell 11.3% year-over-year. 2. Decline in sales raises concerns about the company's market position.

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$9.4203/26 06:14 AM EDTEvent Start
$9.3303/27 12:37 PM EDTLatest Updated
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FAQ

Why Bearish?

The decline in sales is substantial and may reflect ongoing challenges for MTEX, similar to past downturns that led to price drops.

How important is it?

A significant drop in sales often triggers investor concerns, potentially affecting share price and investor sentiment.

Why Short Term?

Immediate market sentiment may react negatively, impacting stock price quickly due to poor financial performance.

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AMZNUNFINTRZ
FLOWER MOUND, Texas--(BUSINESS WIRE)--Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its fourth quarter of 2024. Quarter End Results Fourth quarter net sales for 2024 were $29.0 million, a decrease of $3.7 million, or 11.3%, as compared to $32.7 million in the fourth quarter of 2023. During the fourth quarter, the company's net sales declined 9.2% on a Constant dollar basi.

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