For the first quarter of 2016, net sales increased to a record $240.4 million, up 9.6%, compared with $219.4 million in the prior-year period.
A stronger U.S. dollar negatively impacted net sales by $14.2 million in the first quarter of 2016. On a constant currency basis, net sales increased by 16.1%.
The Company delivered this growth notwithstanding a challenging prior year comparable due to (i) incremental sales during the first quarter of 2015 from a significant incentive that was offered during that period but was not offered again in the first quarter of 2016, and (ii) incremental sales during the first quarter of 2015 ahead of price increases in China, which did not occur again in the first quarter of 2016.
Net sales growth for the first quarter of 2016 was driven by 16.2% growth in the
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USANA Rankes 21st Largest Revenue Generating Company In 2016
by Nicole Dunkley • • 0 Comments
Earlier this week, Direct Selling News revealed its seventh annual DSN Global 100 list, an exclusive ranking of the top revenue-generating direct selling companies in the world. Based on 2015 revenues alone, USANA Health Sciences was ranked as the 21st on the DSN Global 100.
“USANA’s recognition by Direct Selling News as the 21st largest direct selling company is a reflection of the dedication of our Associates and employees,” said Dave Wentz, co-CEO of USANA. “Our recognition by DSN is also reflective of USANA’s vision of improving the health and nutrition of individuals and families around the world.”
Created to acknowledge the successes of individual direct selling companies and provide a clear picture of the magnitude of the industry, DSN created the Global 100 list as a commitment to showcasing a transparent industry by providing credibility
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USANA Announces Proposed Expansion Of Its Board of Directors
by Nicole Dunkley • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) recently announced that it is proposing to shareholders the election of three new members to its Board of Directors at its Annual Shareholder Meeting on May 2, 2016.
The proposal would increase the size of the Board to seven directors and expand the breadth of expertise, backgrounds and viewpoints of the Board. David A. Wentz, Co-Chief Executive Officer of the Company, Frederic J. Winssinger and Feng Peng have been nominated by the Board to stand for election at the Annual Shareholder Meeting. D.
Richard Williams, who was appointed to the Board in March 2016, will also stand for re-election at the Annual Shareholder Meeting, along with Dr. Myron W. Wentz, Robert Anciaux and Gilbert A. Fuller.
Long time Board members Jerry G. McClain and Ronald S. Poelman will retire
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USANA Appoints D. Richard Williams To Board Of Directors
by Nicole Dunkley • • 0 Comments
USANA Health Sciences, Inc. today announced the appointment of D. Richard Williams to the company’s board of directors effective March 1, 2016.
Mr. Williams joins the board as an independent director and brings a wealth of direct selling experience, as well as finance and corporate strategy expertise. The USANA board now has six members, five of whom are independent.
Myron W. Wentz, Ph.D., Chairman of the Board, commented, “Rick led Primerica as a Co-Chief Executive Officer for more than 15 years and continues to lead their company as Chairman of the Board.
He brings to our board more than twenty years of direct selling experience, along with expertise in a host of operating and financial areas that will provide significant value to USANA. I am delighted to have Rick join our board of
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Usana Three-Time Winner Of Top Rated Direct Selling Brand
by Nicole Dunkley • • 0 Comments
The awards continue to roll in for global health and wellness company USANA, as they were just recently named the 2016 Top Rated Direct Selling Brand in ConsumerLabs’s Survey of Vitamin and Supplement Users.
This 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.
USANA continues its momentum from 2015 where the company was recognized with the prestigious ConsumerLab.com Seal of Approved Quality — a certification of purity and label accuracy — from ConsumerLab.com for 10 of its supplements: Visionex®, CoQuinone® 30, Active Calcium™, Vitamin D, Pure Rest™, USANA® Probiotic , USANA® Essentials™, Usanimals™, BabyCare Prenatal Essentials and Body Rox™.
“When consumers continue giving our products the highest ratings possible through ConsumerLa’s annual survey, it holds serious weight
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Usana Named One Of Top Places To Work In The Direct Selling Industry
by Nicole Dunkley • • 0 Comments
Recognized for establishing a nurturing work environment, USANA Health Sciences was named one of seven of the nation’s best places to work for within the direct selling industry by Direct Selling News.
The inaugural contest was run through Quantum Workplace and was open to all direct selling companies headquartered in North America, with 50 or more corporate employees.
“USANA strives to create a work environment that encourages a work and home life balance, while maintaining a positive and productive atmosphere its employees enjoy being a part of,” said USANA Chief Communication Officer Dan Macuga.
“To be recognized as one of the best direct selling companies to work for in North America is a huge honor when you take into consideration how deep the competition is. As USANA heads toward becoming a billion-dollar company,
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USANA Officially Open For Business In Indonesia
by Nicole Dunkley • • 0 Comments
Indonesia, the world’s fourth-most populous country, welcomes USANA Health Sciences — a global nutrition company — with its world-class health and wellness products to the people of this thriving nation. This tropical oasis marks USANA’s 20th market worldwide with a central office located in the beautiful capital city of Jakarta.
“USANA is growing fast, and has unprecedented leadership interest in one of the world’s most rapidly growing Direct Selling markets,” said USANA Vice President of Ethics and Market Expansion Dan Whitney. “There is a wealth of opportunity in Indonesia. USANA has made a full commitment to long term success in this country and we’re thrilled to announce that we’re open for business.”
USANA’s Indonesian headquarters will launch with its flagship product, the Essentials, leading the charge along with several of its key optimizers. The
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USANA – Q3 Sales Increased 21.5% To $233.3 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced record financial results for its fiscal third quarter ended October 3, 2015.
Financial Performance
For the third quarter of 2015, net sales increased to $233.3 million, up 21.5% compared with $191.9 million in the prior-year period. The increase in net sales was driven by 39.2% growth in the number of active Associates and 15.6% growth in the number of Preferred Customers. Fluctuations in currency exchange rates negatively impacted net sales by $18.3 million year-over-year and $7.3 million on a sequential quarter basis. Third quarter net sales increased 31.1% year-over-year on a constant currency basis.
Net earnings for the third quarter increased by 31.3% to $25.6 million, compared with $19.5 million during the prior-year period. The increase in net earnings was driven by higher net sales, improved gross
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Aces for Humanity Raises $25K For USANA True Health Foundation
by Ramya Chandrasekaran • • 0 Comments
The Women’s Tennis Association (WTA) announced today the Aces for Humanity, a joint WTA and USANA Health Sciences initiative supporting the USANA True Health Foundation, has raised $25,000 this year toward the not-for-profit philanthropy whose mission is to provide the most critical human necessities to those suffering or in need.
Beginning at the BNP Paribas Open in Indian Wells, every ace served at a Premier-level WTA event translated into a dollar donation for the Foundation. For every ace served by the eight USANA Brand Ambassadors—Caroline Wozniacki, Eugenie Bouchard, Madison Keys, Monica Puig, Sloane Stephens, Samantha Stosur, Zhang Shuai and Zheng Saisai—the WTA contributed $10 to the campaign, while every ace served by any other WTA player translated into a $5 donation. In sum, 435 aces were served by the eight USANA Ambassadors resulting in a donation of $24,220. The overall amount was increased to $25,000.
“The WTA is proud to contribute $25,000 toward the USANA True
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Aces for Humanity Raises $25K For USANA True Health Foundation
by Ramya Chandrasekaran • • 0 Comments
The Women’s Tennis Association (WTA) announced today the Aces for Humanity, a joint WTA and USANA Health Sciences initiative supporting the USANA True Health Foundation, has raised $25,000 this year toward the not-for-profit philanthropy whose mission is to provide the most critical human necessities to those suffering or in need.
Beginning at the BNP Paribas Open in Indian Wells, every ace served at a Premier-level WTA event translated into a dollar donation for the Foundation. For every ace served by the eight USANA Brand Ambassadors—Caroline Wozniacki, Eugenie Bouchard, Madison Keys, Monica Puig, Sloane Stephens, Samantha Stosur, Zhang Shuai and Zheng Saisai—the WTA contributed $10 to the campaign, while every ace served by any other WTA player translated into a $5 donation. In sum, 435 aces were served by the eight USANA Ambassadors resulting in a donation of $24,220. The overall amount was increased to $25,000.
“The WTA is proud to contribute $25,000 toward the USANA True