Close Menu
    Trending
    • Broke By Default
    • VieilleMethodeCorpsNeuf.com – French Version Of Old School New Body
    • The 60 Minute Miracle
    • GlucoTrust
    • 7 Minute Ageless Body Secret
    • Mens Mental Health E-course
    • Wing Chun Online
    • 3 Keys Sales Page
    30DayEarningsFormula
    • Home
    • Multi Level Marketing
      • MLM News
      • MLM Success Tips
    • Network Marketing
      • Network Marketing Success Tips
      • Network Marketing Tips
    • Prosperity Marketing System
      • Prosperity Marketing System Success Tips
      • Prosperity Marketing System Training
    • Shopping Center
      • Recommended Tools
      • ClickBank
    30DayEarningsFormula
    Home»MLM News

    MLM USANA Health Sciences raises sales forecast

    Bernard MacBenliBy Bernard MacBenliOctober 31, 2024 MLM News No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Multi-level marketer USANA Health Sciences Inc. has slightly raised its annual sales forecast after its second-quarter results modestly beat its internal predictions. 

    In its July 25 earnings announcement, USANA updated its FY23 net sales guidance to $900 to $950 million, up from a previous forecast of $875 million to $950 million. 

    The Salt Lake City-based manufacturer of nutritional supplements, functional foods and personal care products raised its forecast for diluted EPS (earnings per share) to $2.65 to $3.30. USANA previously projected diluted EPS of $2.40 to $3.30. 

    Nonetheless, second-quarter sales ($238 million) came in below the year-ago period ($264 million), during which there was a “large global promotion,” according to Chief Financial Officer Doug Hekking. USANA reported diluted EPS of $0.89, compared with $1.00 during the second quarter of 2022. 

    “Operating results in the second quarter of 2023, however, were modestly ahead of internal expectations due, in part, to a strong response to a local sales promotion offered in mainland China,” Hekking revealed in the earnings announcement. 

    USANA plans to open its 25th global market, India, in late 2023. 

    “Although we anticipate that it will take time to build our business in this new market, we are confident that India will contribute to the long-term growth of USANA over the coming years,” President and CEO Jim Brown said.  

    In the second quarter that ended on July 1, USANA generated $10 million in free cash flow and ended the period with $300 million in cash and cash equivalents.  

    The company says it remains debt-free. 

    USANA’s annual revenue has been fairly stagnant in recent years. It first broke through the $1 billion annual revenue ceiling in its fiscal 2016. Revenue rose to $1.35 billion in 2020 before sliding below the $1 billion mark in fiscal 2022. 

    READ MORE  FTC questions income claims made by multi-level marketers

     

     


    Bernard MacBenli
    • Website

    Keep Reading

    Martin Marietta (MLM) Q3 Earnings and Revenues Miss Estimates

    Jim Cramer Says Martin Marietta Materials (MLM) Is a Strong Investment

    Is Weakness In Martin Marietta Materials, Inc. (NYSE:MLM) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

    Mixed Quarterly Results Impacted Martin Marietta Materials (MLM) in Q2

    Scammers are out to prey on MLM victims and small businesses

    The perfect comeback to that earnest MLM guy you meet at every coffee shop

    Editors Picks

    Broke By Default

    May 13, 2025

    VieilleMethodeCorpsNeuf.com – French Version Of Old School New Body

    May 10, 2025

    The 60 Minute Miracle

    May 9, 2025

    GlucoTrust

    May 9, 2025

    7 Minute Ageless Body Secret

    May 5, 2025

    Mens Mental Health E-course

    May 3, 2025
    Categories
    • ClickBank
    • MLM News
    • MLM Success Tips
    • Multi Level Marketing
    • Network Marketing
    • Network Marketing Success Tips
    • Network Marketing Tips
    • Prosperity Marketing System
    • Prosperity Marketing System Success Tips
    • Prosperity Marketing System Training
    • Recommended Tools
    About us

    At 30DayEarningsFormula, we are a team of passionate professionals with extensive experience in MLM (Multi-Level Marketing), Network Marketing, and Affiliate Marketing. Our collective knowledge spans decades, allowing us to understand the intricacies of these industries, from the strategies that drive growth to the techniques that foster lasting success.

    We are committed to continuous learning and improvement, staying on top of the latest trends, tools, and methods to help you achieve your goals efficiently. We believe in empowering individuals with the right knowledge and mindset to create financial independence and personal fulfillment.

    Where Are You From


    Flag Counter

    Recent Posts
    • Broke By Default
    • VieilleMethodeCorpsNeuf.com – French Version Of Old School New Body
    • The 60 Minute Miracle
    • GlucoTrust
    • 7 Minute Ageless Body Secret
    Categories
    • ClickBank
    • MLM News
    • MLM Success Tips
    • Multi Level Marketing
    • Network Marketing
    • Network Marketing Success Tips
    • Network Marketing Tips
    • Prosperity Marketing System
    • Prosperity Marketing System Success Tips
    • Prosperity Marketing System Training
    • Recommended Tools
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 30dayearningsformula.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.