USANA Health Sciences Inc - USNA STOCK NEWS

USANA Health Sciences (NYSE: USNA) reported Q2 2024 financial results, with net sales of $213 million, down 11% from Q2 2023. Diluted EPS decreased 39% to $0.54. The company updated its fiscal year 2024 outlook, revising net sales to $850-$880 million (previously $850-$920 million) and diluted EPS to $2.40-$2.55 (previously $2.40-$3.00).

Key highlights include:

• Active customers: 468,000, down 4% year-over-year
• Asia Pacific net sales: $171 million, 80% of consolidated net sales
• Americas and Europe net sales: $42 million, 20% of consolidated net sales
• Cash and cash equivalents: $332 million, debt-free

The company cited ongoing macroeconomic pressures impacting consumer spending and challenges in attracting new customers as reasons for the lower-than-expected results.

USANA Health Sciences, Inc. is proud to sponsor 284 athletes participating in the 2024 Summer Olympic and Paralympic Games in Paris. These athletes represent 10 nations across various disciplines. USANA has partnered with both individual athletes and national sporting organizations, including the Mexico Olympic Soccer Team, USA Swimming, USA Wrestling, and the China National Sports Training Center.

Notable individual USANA athletes include Alex Portal (Para Swimming, France), Jessica Long (Para Swimming, USA), and Sarah Douglas (Sailing, Canada). USANA's Chief Commercial Officer, Brent Neidig, expressed excitement and support for all sponsored athletes, emphasizing USANA's role as a trusted nutritional supplier for Olympic athletes for over a decade.

USANA Health Sciences (NYSE: USNA) has announced the release of its second quarter 2024 earnings results, scheduled for after market close on Tuesday, July 23, 2024. The company will also publish a Management Commentary document on its Investor Relations website shortly after the earnings release. A conference call to discuss the earnings results with analysts and institutional investors will be held the following morning, Wednesday, July 24, 2024, at 11:00 a.m. Eastern Time. The webcast can be accessed through the Investor Relations section of USANA's website.

USANA is known for its high-quality nutritional supplements, healthy foods, and personal care products, which are sold directly to its Associates and Preferred Customers in numerous markets worldwide.

USANA Health Sciences is expanding into the India market, with CEO Jim Brown visiting India for the first time since the launch. Accompanied by Chief Sales Officer David Mulham and VP of Market Expansion & Ethics Dan Whitney, Brown's visit will focus on meeting the local team and setting a long-term vision. The leadership team will tour the Gurgaon office and engage with local members, emphasizing the alignment of USANA's values with India's focus on family, wellness, and entrepreneurship. Regional VP Puneet Madan, with over 25 years in direct selling, leads the India team. USANA launched nine products tailored for the Indian market with plans for more. The company's investment includes Indian manufacturing and a dedicated office in Gurgaon.

Kevin Guest, executive chairman at USANA Health Sciences (NYSE:USNA), is promoting social wellness throughout July, emphasizing the importance of forming meaningful relationships. Guest highlights the benefits of social connections, such as reduced stress, improved mental health, and increased life expectancy. Drawing from his personal experiences and his book, All the Right Reasons, Guest shares stories of overcoming fears and achieving career milestones through social interactions. He offers five tips to enhance social wellness: try new activities, connect with different people, volunteer, embrace spontaneity, and reconnect with old friends. Proceeds from his book sales support feeding hungry children, with each purchase providing 40 meals.

USANA Health Sciences has entered into a partnership with the Jamaica Bobsleigh and Skeleton Federation (JBSF) to support the team's nutritional needs through the 2026 Winter Olympics. This collaboration aims to enhance the performance of Jamaican athletes by providing them with high-quality nutritional products. Nelson Stokes, the CEO of JBSF, highlighted the importance of this partnership for the athletes' nutrition and trust in USANA's commitment to clean sport. Brent Neidig, USANA's chief commercial officer, expressed enthusiasm for this partnership and its potential success. USANA has a history of supporting athletes, contributing to over 276 Olympic and Paralympic medals and 617 World titles.

USANA celebrates Natalie Spooner, a sponsored athlete, for winning the inaugural Most Valuable Player (MVP) award in the Professional Women's Hockey League (PWHL). Spooner, a forward for PWHL Toronto, also led the league with 20 goals and 27 points in 24 games. She has been with USANA since 2017 and has represented Canada in multiple international tournaments, including gold-medal wins in the 2014 and 2022 Winter Olympics. USANA's chief commercial officer, Brent Neidig, praised Spooner's accomplishments and her role as an ambassador for the company. Spooner credits USANA vitamins for supporting her busy schedule as a professional hockey player and mother.

For June, USANA's Executive Chairman Kevin Guest launches 'Rebuild Your Life' month, promoting self-renewal and well-being through his book, All the Right Reasons: 12 Timeless Principles for Living a Life in Harmony. Guest shares six actionable steps to improve health and happiness, such as making small changes, decluttering, reigniting passions, reconnecting with loved ones, practicing gratitude, and peaceful thinking. The initiative aims to empower individuals to make positive changes, highlighting real-life stories of transformation. All book proceeds support feeding hungry children, with each purchase providing 40 meals.

USANA Health Sciences, along with the USANA Foundation, has partnered with English soccer club AFC Bournemouth to support local youth in the Bournemouth area. This collaboration aims to extend the club's existing community initiatives, such as the Holiday Activity Fund, through matching grants to introduce weekly breakfast club sessions for local schools. The initiative will benefit over 200 children by providing nutritious breakfasts and promoting physical activity, enhancing their academic performance.

USANA Foundation, founded in 2012, has significantly impacted communities by providing over 100 million meals in 44 countries. The Foundation's programs, such as USANA Kids Eat and the USANA Garden Towers, aim to combat food poverty and malnutrition.

Brian Paul, USANA Foundation president, emphasized the importance of sustainable and nutritious food networks, while Brent Neidig, USANA's chief commercial officer, highlighted the company's commitment to community health beyond the field.