Nature’s Sunshine
This article was originally published in The Tan Sheet
Executive Summary
Provo, Utah-based firm expects to realize $7 mil. to $9 mil. in annual savings from recently announced cost cutting measures. Actions include elimination and consolidation of about 50 management and employee positions in Nature's Sunshine's domestic and international workforce and realignment of the company's marketing strategies. Firm anticipates reporting net loss of 2¢ to 4¢ per share in its third quarter ended Sept. 30 due in part to $2.4 mil. pre-tax expense related to the cost reduction efforts...
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