Key Financial & Operating Highlights
- First quarter net sales increased 15.5% year-over-year to $308.0 million.
- First quarter diluted EPS increased 17.9% year-over-year to $1.45.
- Repurchased 721,000 shares for $69.5 million during the quarter.
- Raises 2021 net sales and diluted EPS outlook.
“We had an excellent start to the year largely due to continued strong consumer demand for our high-quality products,”
said Kevin Guest, Chief Executive Officer and Chairman of the Board.
“Our strong top-line performance was driven by double-digit year-over-year sales growth in each of our regions, and we expect the execution of our 2021 global growth strategy will continue to generate growth in the remainder of the year.
We successfully launched our new Active Nutrition line in late March and have received positive feedback on these new products from our customers,”
continued Mr. Guest.
“The Active Nutrition line promotes healthy weight management, digestive health, energy and hydration. While the initial launch was limited to the United States, Canada, Mexico, Australia, and New Zealand, we will roll these products out to additional markets throughout the year.
During the quarter, we also continued to advance our digital experience strategy with an emphasis on improving our overall shopping experience, particularly in China. Enhancements will allow consumers to easily interact with USANA while sharing their experiences with others.”
USANA develops and manufactures high-quality nutritional supplements, functional foods and personal care products that are sold directly to Associates and Preferred Customers throughout the United States, Canada, Australia, New Zealand, Hong Kong, China, Japan, Taiwan, South Korea, Singapore, Mexico, Malaysia, the Philippines, the Netherlands, the United Kingdom, Thailand, France, Belgium, Colombia, Indonesia, Germany, Spain, Romania, and Italy. More information on USANA can be found at www.usana.com.
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