Global manufacturer of health supplements USANA Health Sciences recently named Filipino executive and USANA Philippines General Manager Aurora “Duday” Gaston as its Regional Manager in the Philippines and Indonesia.
This announcement comes at the heel of USANA’s establishment of its Indonesian operations, its 20th market worldwide. This move is expected to be a massively strategic move for USANA as Indonesia is deemed to be one of the most thriving hubs in the direct selling business.
“I’ve been in the industry for around 30 years and perhaps this is one of my most important achievements in the direct selling industry: the honor to take this new role and showcase the brilliance of Philippine entrepreneurship and leadership in an international scale,” shares Gaston.
Prior to joining USANA, Duday worked as Head of Triumph Direct Selling Philippines for
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USANA Reports Record Revenue Of $233.2 Million + 23.9%
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced record financial results for its fiscal second quarter ended July 4, 2015. The Company also increased its financial outlook for 2015.
Financial Performance
Second quarter net sales increased 23.9% to $233.2 million
Second quarter EPS increased 41.2% to $1.92
Number of active Associates increased 40.3% to 397,000
For the second quarter of 2015, net sales increased to $233.2 million, up 23.9% compared with $188.3 million in the prior-year period. The increase in net sales was driven by 40.3% growth in the number of active Associates and 15.2% growth in the number of Preferred Customers. Also included in net sales for the quarter is $5 million in revenue that was deferred during the previous quarter in connection with price increases in China. Fluctuations in currency exchange rates negatively impacted net
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USANA Appoints Co-CEOs
by Nicole Dunkley • • 0 Comments
USANA Health Sciences recently announced that the Board of Directors has appointed Dave Wentz and Kevin Guest as Co-Chief Executive Officers of the Company, effective immediately. Mr. Wentz will oversee USANA’s global operations, while Mr. Guest will lead USANA’s worldwide field development and sales efforts. Both Mr. Guest and Mr. Wentz will report directly to the Board of Directors.
Dr. Myron Wentz, USANA’s founder and Chairman of the Board, commented, “Kevin has been with USANA for over 20 years, most recently as President, and has played a key role in leading USANA to new heights in sales and financial performance.
Dave has also been with USANA for over 20 years and has served in executive positions for much of that time, most recently as Chief Executive Officer. As USANA approaches the $1 billion
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USANA Has Joined Dr. Oz Show’s Trusted Partners and Sponsors
by Ted Nuyten • • 0 Comments
When it comes to supplements, there is a company America’s doctor trusts — USANA Health Sciences, Inc.
Announced today, the global nutrition company has joined the core of The Dr. Oz Show’s Trusted Partners and Sponsors.
“For the Dr. Oz Show to call any company a Trusted Partner and Sponsor, it must meet certain criteria. Chief among them is integrity. We’ve done our research and found USANA to be an outstanding company. One that offers cutting-edge products that we here at the show would feel comfortable recommending to our wonderful audience,” said Dr. Mehmet Oz, cardiothoracic surgeon and three-time Daytime Emmy Award-winning Host of the three-time Emmy Daytime Award-winning The Dr. Oz Show.
USANA began its relationship with Dr. Oz’s charitable foundation, HealthCorps, nearly three years ago with a common mission to fight for the health of America’s teenagers, especially in regard to weight issues. It is that mutual dedication to health that led to this new trusted partnership between USANA and The Dr. Oz Show.
“My relationship with USANA has grown into one of deep admiration and mutual respect. It is clear that USANA and I share a common vision to make a positive impact on the health of others. It’s a
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USANA – Q3 Revenue Up 10.5% to $191.9 million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal third quarter ended September 27, 2014. The Company also provided updated net sales and earnings guidance for 2014.
Financial Performance:
For the third quarter of 2014, net sales increased by 10.5% to $191.9 million, compared with $173.7 million in the prior-year period. The increase in net sales was driven by overall Associate growth of 18.8%, which was generated by the Companys Asia Pacific region.
Net earnings for the third quarter increased by 16.4% to $19.5 million, compared with $16.8 million during the prior-year period. This increase was driven by higher net sales and lower relative Associate Incentives expense. On a relative basis, Associate Incentives expense declined due to a $4.5 million one-time payout resulting from the pricing and compensation plan initiatives implemented by the Company in the third quarter of 2013. Earnings per share for the quarter increased by 26.7% to $1.47, compared with $1.16 in the third quarter of the prior year.
This increase in earnings per share was attributable to higher net earnings and a lower number of diluted shares outstanding due to the Companys share repurchases during 2014. Weighted average diluted shares outstanding were 13.3 million as
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USANA Recognized By DSA For Code Of Ethics
by Nicole Dunkley • • 0 Comments
For a fifth consecutive year, USANA Health Sciences has been recognized as one of 52 dedicated Direct Selling Association member companies to take part in the 2014 DSA Code of Ethics Communication Initiative.
While participation in the program is optional for DSA member companies, doing so demonstrates extra efforts made to promote the Code of Ethics.
“Receiving acknowledgment for this initiative year after year is more than just another accolade for USANA,” said Dan Whitney, USANA Vice President of Ethics and Market Expansion. “It demonstrates the transparency and commitment to ethics in which USANA operates with on a daily basis.”
Created in 2008, the initiative recognizes member companies that go above and beyond in their efforts to promote awareness of the code by fulfilling the necessary criteria and adhering to ethical business practices within direct sales.
“It’s an honor to be a member of the DSA Code of Ethics, and we take that responsibility seriously,” said Kevin Guest, President of USANA. “Participation in this initiative allows us to properly educate the public about the direct selling industry and continue to hold ourselves and other direct selling companies accountable to high ethical standards.”
Topping the list of assurances, the DSA Code of Ethics ensures that member companies will
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USANA Named Top Places To Work For Sixth Consecutive Year
by Nicole Dunkley • • 0 Comments
For six years running, USANA Health Sciences has been named one of America’s “Best Places to Work” by OUTSIDE Magazine, ranking No. 53 on this year’s list. Each year, OUTSIDE recognizes the top 100 companies in the United States that help their employees strike the ideal balance between work and play. These companies encourage employees to lead an active lifestyle, are eco-conscious, and prioritize giving back to the community.
“We are thrilled that our commitment to creating a great workplace has been recognized by OUTSIDE Magazine for a sixth consecutive year,” said Kevin Guest, president of USANA. “We want our employees to live their lives to the fullest and encourage them to do what they love, and earning this title demonstrates that USANA has continued to create a positive and engaging work environment for its employees.”
More than 700 USANA employees in Utah enjoy impressive workplace benefits, including an annual profit-sharing program, free monthly company health products, excellent health and life insurance packages and regular health fairs. USANA’s efforts have also earned it standings on Utah BusinessMagazine’s “Best Companies to Work For in Utah” and PR News’ list of “Top Places to Work in PR”.
“We make sure our employees have everything they need to