Usana records strong results in China despite internal probe
By Hank Schultz
Last updated on
In the midst of an internal review of its Chinese operations, Usana Health Sciences reported a 6.2% increase in sales derived almost entirely from the Asia Pacific region.
Usana Health Sciences’ shares declined as the company reported disappointing earnings and announced an internal investigation of its business in mainland China.
USANA Health Sciences reported $232.6 million in net sales in its fourth quarter, a 2.1% year-over-year increase. That amounted to $1.83 in earnings per share, but these figures disappointed analysts, and the company’s share price tumbled as a result.
Usana Health Sciences posted strong fourth quarter results dampened somewhat by a discounting program undertaken to boost sales, the company announced this week. The company continued to show the fastest sales increases in China, while results in North...