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
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USANA Named 2017 Innovative Company Of The Year At International Gala
by Ted Nuyten • • 0 Comments
According the an USANA press release:
What do innovation and excellence have in common? The answer: USANA. During its fourth annual awards celebration, the Asian Networkers Convention and Expo (ANCE) awarded USANA—a global cellular nutrition company—Innovative Company of the Year. USANA’s founder, Dr. Myron Wentz, was also honored with the Vision Excellence Award at the celebration.
“These awards are a reflection of USANA’s commitment to providing innovative products made with cutting-edge technology and following the vision of an exceptional leader,” says Aurora ‘Duday’ Gaston, vice president of USANA Philippines and Indonesia.
“The theme of this year’s convention was ‘inspire,’ which is something I believe USANA does every day for millions of people around the world.”
ANCE Innovative Company of the Year
Awarded to direct sales companies who have demonstrated innovations in the areas of patents, inventions,
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USANA Opens $40 Million Manufacturing Site In China
by Nicole Dunkley • • 0 Comments
USANA Health Sciences on Tuesday celebrated the grand opening of its 350,000-square-foot manufacturing facility in Beijing.
The $40 million complex will produce nutrition supplements for Mainland China, one of the company’s top markets. Since 2014, when construction began at the site, USANA’s sales in Greater China have increased more than 40 percent.
“There were many back orders and we wanted to increase the supply to satisfy the demands in China,” Brent Neidig, USANA Vice President of China Strategic Development, said in a company announcement.
During the past two years, USANA has navigated China’s complex regulatory process to secure 12 separate building licenses. The plant initially came online last fall, operating at limited capacity. Now fully up and running, the Beijing site can produce 1.2 billion tablets each year, as much as USANA’s Home Office
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USANA Official Nutritional Partner Of The Hanwha Eagles Korean Baseball Team
by Ted Nuyten • • 0 Comments
Having recently hit record breaking net sales of more than $1 billion in 2016, USANA Health Sciences looks forward as it continues to create the healthiest family on earth.
As the nutritional company expands its presence and reach, it recently became the Official Nutritional Partner of the Hanwha Eagles, one of Korea’s top professional baseballs teams in the Korea Baseball Organization (KBO).
“Baseball is one of the most popular sports in Korea, and as one of the leading nutritional companies in the country, we felt that partnering with an accomplished team like the Hanwha Eagles was the perfect opportunity to expand our overall presence in Korea,” said Choong Kim, general manager of USANA Korea.
“We look forward to supporting the Eagles this season and supplying them with high-quality nutritional products to supplement the
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USANA Ranked No. 1 Choice For Consumers
by Ted Nuyten • • 0 Comments
According to a USANA press release:
Global health and wellness company USANA continues to receive public acclaim as they were recently named the 2017 Top Rated Direct Selling Brand in ConsumerLab.com’s Survey of Vitamin and Supplement Users.
The award was presented to USANA based on customer satisfaction, with a greater percentage of consumers being “highly satisfied” with USANA than with other direct selling brands. For more about ConsumerLab.com’s customer survey, visit: http://www.consumerlab.com/survey2017
Find out for yourself why USANA ranks as the top choice for consumers. Go to USANA.com and shop for a wide variety of high-quality nutritionals, healthy food and personal care products.
“Receiving this kind of feedback directly from our consumers is something we value a great deal. It serves as an indicator of our passion and focus for putting our customers first,”
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USANA Health Sciences Q4 Sales Up 8.7% To $252 Million
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USANA Health Sciences, Inc. (NYSE: USNA) today financial results for its fiscal fourth quarter and year ended December 31, 2016.
For the fourth quarter of 2016, net sales increased to $252.9 million, up 8.7%, compared with $232.6 million in the prior-year period. A stronger U.S. dollar negatively affected net sales by $9.2 million for the quarter.
Excluding the impact of currency, net sales would have increased by 12.7% for the fourth quarter of 2016. Net sales growth was driven by an 11.9% increase in the number of active Associates.
Net earnings for the fourth quarter decreased by 8.7% to $21.9 million, compared with $24.0 million during the prior-year period. Changes in currency negatively impacted net earnings by an estimated $2.4 million. Lower gross margins and higher Associate Incentives expenses also negatively impacted net earnings.
Fourth
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USANA Selects Three New Vice Presidents
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USANA announced the promotion of three executive directors to vice president of their respective areas.
Ashley Collins, former executive director of PR & social media, has been named vice president of marketing & PR; Amy Haran, former executive director of communications, has been named vice president of communications; and Howard Gurney, former executive director of quality systems and regulatory affairs, has been named vice president of product development process.
“I have had the pleasure of working with these proven leaders for many years now and know firsthand their dedication and commitment to our employees, stakeholders, distributors and customers,” said Kevin Guest, CEO of USANA. “These talented and ambitious individuals have been essential in hitting key benchmarks within the company and will continue taking us to the next level of excellence.”
Ashley Collins began her
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USANA Co-CEO Dave Wentz Steps Down – Kevin Guest Appointed As CEO
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USANA Health Sciences, Inc. (NYSE: USNA) today announced a CEO transition plan. Dave Wentz has made the personal decision to step down as Co-CEO and a member of the Board of Directors of the Company.
The Board of Directors has appointed current Co-CEO, Kevin Guest, as CEO of the Company.
The Company will no longer utilize a Co-CEO management structure. The USANA Board of Directors now consists of six directors, four of whom are independent.
Commenting on his transition, Mr. Wentz said, “I am grateful for my long tenure with USANA and am proud of what we have accomplished over the past 24 years. USANA has always been, and will remain, a positive influence for so many lives, including my own, and I am confident in the company’s future under Kevin’s leadership.
I
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USANA Q3 Sales Up 9% To $254 Million
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USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal third quarter ended October 1, 2016.
Net sales for the third quarter of 2016 increased by 9.0% to $254.2 million, compared with $233.3 million in the prior-year period, but came in below the Company’s expectations due to softer-than-anticipated sales in the Greater China region.
The increase in net sales is attributed to a 12.6% increase in the number of active Associates and a 5.6% increase in the number of Preferred Customers. The continued strength of the U.S. dollar negatively impacted net sales during the quarter by $5.7 million.
Net earnings for the third quarter of 2016 increased to $30.1 million, an increase of 17.5% compared to $25.6 million in the prior-year period. The increase in net earnings was due primarily to
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USANA Names Rob Sinnott As Chief Scientific Officer
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As USANA Health Sciences prepares to announce a scientific breakthrough this week at its 2016 International Convention in Salt Lake City, the global nutritional company welcomes Rob Sinnott, PhD. to its award-winning research and development team as its new chief scientific officer.
Dr. Sinnott brings to USANA more than 25 years of experience and leadership in life sciences, chemistry, biotechnology, and nutrition, with 18 spent directly in the nutritional supplement industry. He has held numerous scientific and leadership roles.
Co-CEO “Rob gained our attention because of his exceptional leadership and experience in our industry,” said USANA Dave Wentz. “I’m happy he’s coming aboard to grow the research and development team and push our innovation to the next level.”
Dr. Sinnott received his bachelor of science in biological sciences, and his master’s and doctorate