Monthly Archives: February 2018

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How to start a financial company

by Owen Gough • February 7, 2018 • 0 Comments

The financial sector can be an attractive way of starting a company in a European country. The registration procedure for a financial company can differ depending on the country in which the investors will set up their operations, as well as on the business activities developed by the respective company. That’s why it is recommended
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The small business fairytale toolkit

by Owen Gough • February 7, 2018 • 0 Comments

Running your own business can feel like a fairytale. You never know whether you’ll end up walking the plank, or if your fairy godmother will make all your dreams come true. Yet it is possible to prevent the big bad wolf from blowing your house down. Getting your business up and running can be a
The post The small business fairytale toolkit appeared first on Small Business.

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USANA Year 2017 Sales Up 4% To $1.047 Billion

by Ted Nuyten • February 7, 2018 • 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