USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal second quarter ended June 30, 2018.
Record second quarter net sales of $301.5 million, an increase of 17.3% year-over-year
Second quarter diluted earnings per share increased 46.2% year-over-year to $1.36 per share
Financial Performance
For the second quarter of 2018, net sales were $301.5 million, compared with $257.1 million in the prior-year period, a 17.3% increase year-over-year. Favorable currency exchange rates positively impacted net sales by $12.5 million for the quarter as compared to the prior-year.
Celavive, the Company’s new skincare line, contributed approximately $7 million in incremental sales for the quarter. In markets where Celavive has launched, skin and personal care products accounted for 9.5% of overall sales in the second quarter of 2018, versus 5.7% a year ago. The Company’s total number of active Customers increased 5.3% year-over-year to 597,000.
Net earnings for the second quarter increased 45.8% to $33.9 million, compared with net earnings of $23.3 million reported in the prior-year period. Earnings per diluted share increased to $1.36 per diluted share, an increase of 46.2% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales and lower relative operating expenses compared to the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the second
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USANA Q1 Sales Up 14.4% To $292 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal first quarter ended March 31, 2018.
Financial Performance
For the first quarter of 2018, net sales were $292.0 million compared with $255.3 million in the prior-year period, or a 14.4% increase year-over-year.
Favorable currency exchange rates positively impacted net sales by $16.4 million for the quarter. Targeted product promotions offered by the Company during the quarter contributed approximately $11 million to net sales and the Company’s launch of its new skincare line, Celavive, also contributed approximately $9 million in incremental sales for the quarter.
The Company’s total number of active Customers increased 1.9% year-over-year to 585,000.
The Company reported net earnings for the first quarter of $28.9 million, compared with net earnings of $21.4 million reported in the prior-year period. Earnings per diluted share increased to $1.19 per diluted share, an increase of 38.4% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales, lower relative operating expenses and a lower effective tax rate of 34.2% compared to 36% during the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the first quarter of 2018 as compared to approximately $2.4 million, after tax, during the prior year period.
“We are off to a solid start to the year as
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USANA Expands To Romania, Germany, Italy, And Spain
by Ted Nuyten • • 0 Comments
USANA (NYSE: USNA), The Cellular Nutrition Company, is proud to announce the official opening date of its four new European markets as June 20th, 2018.
USANA has grown from its humble beginnings in 1992 to a global health and wellness leader, and the company looks to cement its place in the industry with their upcoming European expansion.
The new markets—Romania, Germany, Italy, and Spain—will increase USANA’s global footprint from 20 to 24 markets worldwide.
“Further expansion of USANA in Europe broadens our international reach, and we couldn’t be more excited,”
said USANA CEO, Kevin Guest. ”
When Dr. Wentz founded this company, he wanted to provide personal and financial health and wealth to everyone in the world, and this expansion helps Dr. Wentz get one step closer to his ultimate goal.”
“I have seen USANA grow from being in a handful of markets, to 20, and now to 24, it’s truly amazing to see what this company has become,” said USANA chief field development officer, David Mulham.
“This expansion will provide the people of Romania, Germany, Italy, and Spain the potential opportunity for financial freedom and the access to some of the highest quality nutritional and skincare products on the market.”
The new European markets will be
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USANA Year 2017 Sales Up 4% To $1.047 Billion
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal fourth quarter and full-year ended December 30, 2017.
Financial Performance
For the fourth quarter of 2017, net sales were $273.1 million compared with $252.9 million in the prior-year period, or an 8.0% increase year-over-year. The weakening of the U.S. dollar positively impacted net sales by $7.4 million for the quarter.
The Company’s total number of active Customers2 increased modestly year-over-year to 565,000.
The Company reported a net loss for the fourth quarter of $5.9 million, or $0.24 loss per share, compared with net earnings of $21.9 million, or $0.87 per diluted share during the prior-year period. The net loss is attributable to a one-time, non-cash charge of $30.1 million, or $1.24 per diluted share, related to the U.S. tax reform3 (the “Tax Reform”) enacted on December 22, 2017.
The charge is largely due to foreign tax credits and other deferred tax assets that the Company will not be able to realize under the new tax laws. Costs related to China and the Company’s internal investigation into its China operations, which was first disclosed in February 2017, negatively impacted fourth quarter net earnings by approximately $2.7 million after tax and earnings per diluted
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USANA True Health Foundation Donates $50,000 To Victims Of Earthquake In Mexico
by Nicole Dunkley • • 0 Comments
The USANA True Health Foundation (THF), has donated $50,000 to aid those affected by the devastating earthquake and its aftermath in Mexico City and surrounding areas. This amount will be used for food, nutrition and other aid through THF’s trusted partner, the Children’s Hunger Fund.
“We are so thankful that USANA has the means – through THF and our other partners – to organize humanitarian efforts and resources so quickly,” said Kevin Guest, chief executive officer at USANA. “We are forever indebted to the generosity of our Associates and other donors, which enables us to send resources and aid throughout the world.”
Mexico has been hit by three earthquakes greater than 6.0 magnitude since September 8, killing hundreds of people and turning buildings into dust and debris in parts hit hardest. While the severity of the damage is still unfolding, the most urgent need is rescue and humanitarian aid. Through the Children’s Hunger Fund’s established network of churches and volunteers in the impacted areas, the aid and resources THF has donated will be distributed to the areas of greatest need.
“The True Health Foundation is saddened at the tremendous loss of lives and other resources which have occurred due to these earthquakes,” said
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USANA Announces New Skincare Line
by Ted Nuyten • • 0 Comments
USANA (NYSE: USNA) announced at their annual International Convention an innovative new skincare line.
Celavive™ is a high performance skincare system — formulated with USANA InCelligence Technology®— designed to specifically target an individual’s unique beauty needs.
“We’re thrilled to include our cell-signaling technology in our new skincare line,” said Ashley Collins, USANA’s VP of marketing & public relations.
“Celavive is going to revolutionize the skincare market, providing consumers the unique ability to reduce the appearance of wrinkles and improve the look of tone and texture in their skin.”
Featuring an exclusive Cell-Signaling Complex, Celavive helps unlock the body’s natural power to defy visible aging.
Celavive also features USANA’s Olivol® Botanical Blend, a unique combination of fruit extracts that have been clinically shown to provide 24 hours of rich hydration after just one application.
“To have products that not only utilize this advanced technology, but are also formulated with a multitude of other incredible skincare ingredients is why I’ve chosen to partner with USANA,”
said Dr. Jennifer Lee, dermatologist.
By using targeted nutrient combinations, Celavive supports the natural communication between skin cells to awaken their natural renewing ability — going beyond traditional skincare regimens to activate youth-preserving beauty functions.
A complete line of Celavive products will be available for purchase
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USANA Announces Plans To Expand In 4 European Countries
by Ted Nuyten • • 0 Comments
The direct selling industry is booming and USANA is no exception.
The Cellular Nutrition Company announced today that it will be expanding in four European countries beginning mid-year 2018. The new markets—Romania, Germany, Italy, and Spain—will increase USANA’s global footprint from 20 to 24 markets worldwide.
“Further expansion of USANA in Europe broadens our international reach, and we couldn’t be more excited,”
said USANA CEO, Kevin Guest.
“This expansion is a great way for us to impact the health of even more individuals in Europe, which is in-line with our ultimate goal of creating the healthiest family on earth.”
These new European markets will be supported by both in-country Field Development Managers and by USANA’s European headquarters in Paris, France. Currently, all four markets are open to Preferred Customers.
ABOUT THE MARKETS
Romania
Romania is a very entrepreneurial population that is hungry for opportunity
According to the World Economic Forum, Romania is the second-fastest growing economy in Europe
Large Romanian populations live in Italy, Spain, Germany, United States, Canada, and France
Germany
Germany is the fourth-largest direct selling market in world, according to Direct Selling News (DSN)
According to DSN, the direct selling industry in Germany has grown at a 5.2 percent compound annual growth rate (CAGR) over the last three years
Germany
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USANA Q2 Revenue Flat At $ 257 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal second quarter ended July 1, 2017.
Second quarter net sales were $257.1 million, a decrease of 0.6% year-over-year, but up 2.3% in constant currency.
Number of active Customers1 at quarter end increased 1.8% to 567,000.
Second quarter EPS of $0.93, or $0.98 excluding incremental expense related to the Company’s internal investigation of its China operations disclosed in February 2017.
Company revises 2017 Outlook.
Share repurchase authorization increased to $100 million.
Financial Performance
For the second quarter of 2017, net sales were $257.1 million compared with $258.5 million in the prior-year period. On a constant currency basis, net sales increased by 2.3% for the second quarter of 2017.
A stronger U.S. dollar negatively impacted net sales by $7.4 million for the quarter with $5.7 million of this amount attributable to mainland China. The total number of active Customers increased by 1.8% year-over-year.
Net earnings for the second quarter were $23.3 million compared with $25.8 million during the prior-year period, a decrease of 9.7 percent. Higher SG&A and Associate Incentives expense negatively impacted net earnings during the quarter. These were partially offset by improved gross margins, which benefitted from changes in currency and annual price adjustments, as well
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USANA Magnesium Supplement Receives Seal Of Approval
by Ted Nuyten • • 0 Comments
Whenever USANA develops a new product, they take every measure to ensure that product will be free of impurities and contain all the necessary ingredients to make it a safe and effective product. USANA® MagneCal D™ was no exception.
USANA MagneCal D was launched this past March and is an all-encompassing bone-health supplement that combines optimal amounts of magnesium, calcium and vitamin D to help individuals maintain a strong, healthy body.*
To learn more about the USANA MagneCal D supplement, please visit usana.com.
“USANA MagneCal D is our newest product, and having it immediately be given a seal of approval is a great accomplishment,”
said Dan Macuga, USANA’s chief marketing and communications officer.
“So many different teams at USANA worked very hard in creating a unique and effective magnesium supplement. We are happy to add it to our growing list of tested and approved products.”
ConsumerLab.com is an independent tester of the quality, purity and label accuracy of health and wellness products, putting each item through strict testing.
To be awarded a seal of approval from ConsumerLab.com, USANA MagneCal D had to contain 100 percent of the claimed amount of magnesium, did not exceed contamination for lead, cadmium and arsenic, and disintegrate within the appropriate amount
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USANA Q1 Sales Up 6.2% To $255 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal first quarter ended April 1, 2017.
Financial Performance
For the first quarter of 2017, net sales increased to $255.3 million, up 6.2%, compared with $240.4 million in the prior-year period.
A stronger U.S. dollar negatively affected net sales by $6.2 million for the quarter with $6.1 million of that change attributable to mainland China. On a constant currency basis, net sales increased by 8.8% for the first quarter of 2017. Net sales growth was driven primarily by an 8.1% increase in the number of active Customers.
Net earnings for the first quarter decreased by 4.2% to $21.4 million, compared with $22.3 million during the prior-year period. Higher operating expenses, primarily in SG&A expense, and a higher effective tax rate negatively impacted net earnings