Usana's net sales up 18.3% in Q2
This is an archived article that was published on sltrib.com in 2007, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Usana Health Sciences Inc., a West Valley City-based manufacturer of nutritional, personal care and weight management products, said Tuesday its net sales for the second quarter increased 18.3 percent, its 20th consecutive quarter of record sales.

Net sales for the quarter ending June 30 reached $109.4 million, up from $92.5 million in the same three-month period a year earlier. Usana attributed much of the increase to a 25 percent increase in the number of associates involved in direct sales of company products. Direct sales for the second quarter accounted for $107.4 million of the company's revenue total, a 19.8 percent increase over the previous year.

Those growing sales resulted in quarterly earnings of $18.2 million, up 18.8 percent from the $15.2 million profit in the second quarter of 2006. Earnings rose from 55 cents per share a year ago to 66 cents per share this year, Usana said.

For the six-month period ended June 30, the company said its net sales were $212 million, a 17.3 percent increase over the $180.7 million for the first six months of 2006. Earnings per share increased 23.3 percent in the first six months of 2007 to $1.29, compared with $1.05 in the first six months of 2006.

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