Nature’s Sunshine Products, Inc. (NASDAQ:NATR) Q3 2023 Earnings Call Transcript

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Shane Jones: Yes. It has been successful, because as Terrence points out, we’re being very thoughtful about this. So looking at the impact and looking where we have the most opportunity to be able to take price in places where we can’t take price, and really understanding our elasticity of demand not only by region but also by product type so that we can do that in the right places at the right time without an impact to demand. So as of yet, we continue to — we pass along about 3% and without any substantial or any meaningful pullback in demand.

Linda Bolton-Weiser: Okay. And can you talk about — are there any particular new product introductions that are really helping drive things, especially in Asia right now and North America, where you’re getting the best growth?

Terrence Moorehead: In Asia, I referenced a new product bundle that the team has focused on. They call that their one pack. And the one pack is a — it’s a simplified version of what they were selling in the past. And it’s good for daily use on an ongoing basis. Historically, they’ve sold into a larger, more complex detox program. This new one pack really does encourage easier adoption and increased repeat usage. So you can use it on an ongoing basis. With a detox, you’re not going to necessarily use that every single day on an ongoing basis. So they’re getting some velocity from that. And that’s really quite encouraging. And then in other parts of the world, especially in North America, we have launched our Power Line. We’re extremely excited about the Power Line.

That’s three new products; Power Greens, Power Meal that literally just launched and a Power Beets product. And each one of those are category killers. They’ve been designed to be category killers in each one of their respective markets, and they work together synergistically to form a foundation of nutrition that basically every consumer can consume every single day. Great tasting, highly effective products that will deliver results you can feel. So we’re excited about the Power Line. It’s still new. We’re just kind of a couple of months into it, partial year introduction on those, but already starting to see some good uptake and kind of some of our best product launches that we’ve had to date. So we’re really excited about that. And then we’ll be launching that throughout the world globally as we go into 2024.

Linda Bolton-Weiser: Okay. Thank you very much. I’ll pass it on. Thanks.

Terrence Moorehead: Sounds good. Thanks, Linda. Great hearing from you.

Operator: And ladies and gentlemen, with that we will be concluding today’s question-and-answer session. I’d like to turn the floor back over to management for any closing remarks.

Terrence Moorehead: Thank you very much. And again, we’d like to thank everyone for listening to today’s call. We look forward to speaking with you again soon at our next call. And again, thanks for joining us. Take care.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.

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