USANA Health Sciences Inc ( (USNA) ) has released its Q4 earnings. Here is a breakdown of the information USANA Health Sciences Inc presented to its investors.
USANA Health Sciences Inc., a company specializing in high-quality nutritional supplements and personal care products, operates within the health and wellness sector, with a unique direct selling model and a controlling stake in children’s wellness brand Hiya Health Products.
In its latest earnings report, USANA Health Sciences Inc. revealed a decline in financial performance for the fourth quarter and full fiscal year 2024 compared to the previous year, despite completing a strategic acquisition of Hiya Health Products. The company highlighted a sequential growth in net sales and a strong cash position, indicating resilience amidst challenging market conditions.
Key financial metrics for the fourth quarter of 2024 showed net sales of $214 million, a decrease from $221 million in the same quarter the previous year. Net earnings also fell significantly to $4.5 million from $16.8 million. For the full fiscal year, net sales were $855 million, down from $921 million, with net earnings dropping to $42 million from $63.8 million. The acquisition of Hiya Health Products is expected to bolster future growth, contributing approximately $2 million to net sales in the fourth quarter.
Looking ahead, USANA projects consolidated net sales between $920 million and $1 billion for fiscal year 2025, reflecting an anticipated growth of 8% to 17%. The company remains focused on enhancing its direct sales business through strategic initiatives aimed at boosting customer growth and engagement.
USANA’s management expresses confidence in the company’s growth strategy for 2025, emphasizing new product launches, strategic partnerships, and the integration of Hiya Health Products to drive sustainable growth and strengthen their market position.
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