Usana Health Sciences Inc Stock Price, News & Analysis

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USANA Kids Eat has organized a charity food pack, delivering over 3,605 bags equating to 144,200 meals to 36 schools in the Salt Lake area. This initiative aims to support families during the holiday season when school meals are unavailable. Brian Paul, president of the USANA Foundation, emphasized the importance of giving back during challenging times, while Michelle Benedict highlighted the critical need for such programs, as one in five Utah children face food insecurity. USANA Kids Eat has operated since 2013, addressing hunger and providing food security to at-risk children.

USANA (NYSE: USNA) has entered a strategic investment and collaboration with Built Brands, a manufacturer of protein bars. This partnership includes a minority equity investment in Built Brands, allowing USANA to leverage its expertise in developing new nutrition products. This collaboration aims to enhance USANA's healthy nutrition bar offerings, set for production at USANA's new foods plant. CEO Kevin Guest expressed optimism for innovative product development, while Built Brands' CEO Nick Greer noted the synergy in creating unique offerings for global customers.

USANA has secured naming rights to the U.S. Ski & Snowboard's Center of Excellence, enhancing its commitment to elite athlete support through nutritional products. The partnership, ongoing since 2011, includes conducting two to three annual clinical studies to assess the effects of USANA's supplements on athlete performance. This collaboration aims to improve athletes' metrics, immune function during travel, and sleep quality. USANA aims to foster innovation in product development while supporting Olympic athletes' training and success.

USANA Malaysia has been recognized as the No. 1 Combination Dietary Supplements Brand in Malaysia for the second consecutive year, according to Euromonitor International. This accolade reflects USANA's strong retail value share among supplement brands in the region. David Mulham, Chief Sales Officer, attributed this success to the commitment to science-based products that empower Associates to grow in Malaysia. Vivienne Lee, Vice President, highlighted the remarkable growth of USANA Malaysia since its establishment 13 years ago. This recognition underscores the brand's significant impact in the Malaysian market.

USANA Health Sciences reported a significant 14.5% increase in net sales for Q3 2020, totaling $298.5 million, driven by high product demand and effective incentive programs. Diluted EPS reached a record $1.44, up by 32.1% year-over-year. Active customers grew to 650,000, reflecting a 16.5% increase. The company raised its full-year 2020 net sales and EPS outlook to $1.090 - $1.115 billion and $5.15 - $5.45, respectively. USANA ended the quarter with $278.4 million in cash and no debt, highlighting a strong financial position.

USANA Health Sciences, Inc. (NYSE:USNA) announces the upcoming release of its third-quarter results on October 20, 2020, after market close. Following the earnings release, a "Management Commentary, Results and Outlook" will be available on the Company’s investor relations website. Additionally, a conference call with analysts and institutional investors is set for October 21, 2020, at 11:00 a.m. Eastern Time, which will be accessible via the internet.

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USANA Philippines has been recognized for the second consecutive year as the No. 1 Vitamins and Dietary Supplements Brand in the Philippines, according to Euromonitor International. This title reflects USANA’s strong retail value share in the country’s supplement market based on 2020 data. David Mulham, USANA's chief sales officer, and Aurora “Duday” Gaston, VP for the Philippines, emphasize the importance of this achievement and credit their team’s efforts.