earnings
confidence high
sentiment negative
materiality 0.75
USANA Q2 net sales $213M (-11% YoY), EPS $0.54 (-39%); cuts FY2024 guidance
USANA HEALTH SCIENCES INC
2024-Q2 EPS reported
$1.40
revenue$440,669,000
- Diluted EPS $0.54 vs. $0.89 in Q2 2023; net sales $213M down 11% YoY to $238M.
- Active customers fell 4% YoY to 468,000; macro pressures and fewer promotions cited.
- FY24 outlook: net sales $850-880M (prev $850-920M), EPS $2.40-2.55 (prev $2.40-3.00).
- Operating margin revised to 8.0%-8.8%; effective tax rate raised to 43%-44%.
- Cash $332M, no debt; no share repurchases in Q2; $62M authorization remaining.