USANA Health Sciences Inc - USNA STOCK NEWS

USANA Health Sciences has acquired a 78.8% controlling stake in Hiya Health for $205 million in cash. Hiya, a direct-to-consumer provider of children's health products, reported LTM net sales of $103 million, net income of $19 million, and adjusted EBITDA of $22 million as of September 30, 2024. The company serves over 200,000 customers and demonstrated 50% sales growth compared to 2023, with anticipated 30% growth in 2025.

The acquisition is expected to be immediately accretive to USANA's 2025 adjusted EBITDA and provides strategic benefits including market expansion in the children's health sector, strengthened U.S. operations, and channel diversification through Hiya's subscription model. The deal includes a put/call feature for USANA to acquire the remaining equity based on Hiya's performance.

USANA Kids Eat marks its 5th anniversary with a significant holiday donation drive, distributing 5,028 bags containing 201,120 meals to 55 schools across Utah. The initiative, which began in December 2019 when USANA Foundation acquired KidsEat!Utah, addresses food insecurity among local schoolchildren during holiday breaks.

Since its inception, the program has served over 6,000 children across 110 schools, distributing 265,699 bags totaling 2,429,605 meals. The recent holiday drive saw participation from volunteers including USANA's executive team, employees, and their families. Each holiday bag provides 40 meals to families from Ogden to Payson, Utah.

With one in six Utah children at risk of hunger, USANA Kids Eat continues its mission to combat food insecurity through year-round food packs and special holiday initiatives.

USANA Health Sciences Executive Chairman Kevin Guest is promoting National Build Joy Day, encouraging communities to spread kindness through meaningful acts of generosity. Guest, author of 'All the Right Reasons,' outlines five key ways to build joy: volunteering time, performing random acts of kindness, expressing public gratitude, organizing community events, and donating to worthy causes.

The initiative emphasizes that small gestures can create significant positive impacts in communities. Guest encourages people to share their acts of kindness using #BuildJoyDay on social media. His book's proceeds support feeding hungry children, with each purchase providing 40 meals. USANA (NYSE:USNA), operating in 25 countries, continues to promote health, wellness, and social well-being since its 1992 founding.

USANA Health Sciences has been named Manufacturer of the Year for the third consecutive year by the Utah Manufacturers Association in the mega-sized companies category. The company manufactures approximately 70% of its products in its FDA-registered facility, excluding Mainland China. USANA's manufacturing capabilities include high-speed tablet presses that can produce 60,000 to 500,000 tablets per hour while maintaining quality control. The facility is GMP certified by USP and NSF, with multiple products certified by ConsumerLab.com. The company's in-house manufacturing while maintaining high GMP standards has made it the most trusted health and wellness company among Olympic and professional athletes.

USANA Health Sciences (NYSE: USNA) Executive Chairman Kevin Guest is promoting National Gratitude Month this November, highlighting gratitude's significant impact on health and wellness. Recent studies, including a July 2024 Harvard research, demonstrate that grateful individuals experience better sleep, reduced stress, healthier diets, and increased physical activity.

Guest shares three practical ways to enhance gratitude: maintaining a Gratitude Jar, writing thank-you notes, and performing random acts of kindness. As author of 'All the Right Reasons', Guest emphasizes core values of faith, family, service, gratitude, and honesty. The book's proceeds support feeding hungry children, with each purchase providing 40 meals.

USANA Health Sciences reported its Q3 2024 financial results, showing a 6% decline in net sales to $200 million compared to Q3 2023. Diluted EPS decreased by 5% to $0.56. The company updated its fiscal year 2024 outlook, projecting net sales of approximately $850 million and diluted EPS of $2.45.

Key highlights include:

• Active customers decreased by 3% to 452,000
• Asia Pacific region accounted for 80% of consolidated net sales
• Americas and Europe region represented 20% of consolidated net sales
• $30 million generated in operating cash flow
• $365 million in cash and cash equivalents, remaining debt-free

The company cited continued top-line headwinds across key markets, with challenges in attracting new customers due to cautious consumer sentiment, particularly in mainland China.

USANA Health Sciences, Inc. announces that 11 of its products have been listed in the prestigious Prescribers' Digital Reference® (PDR). This inclusion adds credibility to USANA's product quality and provides supplemental facts directly to prescribers. The listed products include BiOmega, CoQuinone 30, Core Minerals, HealthPak, Hepasil DTX, MagneCal D, USANA Probiotic, Procosa, Proflavanol C100, Visionex, and Vita Antioxidant.

Brent Neidig, USANA's chief commercial officer, expressed excitement about the listing, noting its positive impact on distributors' business growth and customer engagement. The PDR, formerly known as the Physicians' Desk Reference®, is a important resource for drug-prescribing information, offering providers digital access to trusted data.

Dr. Rob Sinnott, USANA's chief science officer, highlighted the benefit of getting product information to prescribers, especially for customers who are prescribers themselves, calling it a win for USANA.

USANA Health Sciences (NYSE:USNA) has announced that its third quarter 2024 results will be released after the market closes on Tuesday, October 22, 2024. Following the earnings release, the company will post a Management Commentary document on its Investor Relations website. USANA will hold a conference call to discuss the results with analysts and institutional investors on Wednesday, October 23, 2024, at 11:00 a.m. Eastern Time.

The call will be broadcast over the Internet and can be accessed through the company's Investor Relations website. USANA develops and manufactures high-quality nutritional supplements, healthy foods, and personal care products sold directly to Associates and Preferred Customers across multiple countries worldwide.

USANA Health Sciences Executive Chairman Kevin Guest emphasizes the connection between country music and mental wellness during Country Music Month this October. Guest, also a musician and author, highlights five key benefits of incorporating music into daily life for mental balance:

• Emotional Release
• Stress Reduction
• Connection and Community
• Mindful Presence
• Inspiration and Motivation

Guest's book, 'All the Right Reasons: 12 Timeless Principles for Living a Life in Harmony', explores the transformative power of music. USANA (NYSE: USNA) promotes a balanced life where music and health harmonize. The company, founded in 1992, operates in 25 countries, focusing on health, wellness, and entrepreneurial success.