Posts Tagged ‘Kevin Guest’
USANA Founder and Chairman Myron W. Wentz to Retire from Board of Directors
USANA Health Sciences, Inc. recently announced that the company’s founder, Myron W. Wentz, Ph.D., will retire from the position of Board chairman and director. Dr. Wentz will retire at the company’s May 1, 2020 Annual Shareholder Meeting and will transition to chairman emeritus and be succeeded as chairman of the Board by Kevin Guest, the…
Read MoreUSANA Q3 Net Sales Down 12%
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal third quarter ended September 28, 2019. Third quarter 2019 net sales were $260.6 million, compared with $296.8 million in the prior-year period, or a 12.2 percent decrease year-over-year. The company’s total number of active Customers at the end of the third quarter was…
Read MoreFinancial Analysis
Public Direct Sellers: Why We Have “Regulatory” and “China” as Risk Factors; Stocks Feeling the Pain China deteriorates substantially, and it’s not geopolitics Business in China for the publicly traded Direct Selling stocks slowed substantially in the Q2 due to the government’s crackdown on direct selling nutrition companies earlier in the year. The most exposed…
Read MoreChina’s 100-Day Action Continues to Impact Herbalife, Nu Skin, USANA
When the WFDSA numbers came out in June, it showed that 46 percent of the global revenue for direct selling came from Asia/Pacific (32% North America, 21% Europe) with China its largest market making up the bulk of that number (nearly 40%). In our July feature titled The China Conundrum, we discussed the possible impact…
Read MoreThe China Conundrum
What will be the impact of China’s 100-day action on the direct selling channel going forward? Time will tell. When Direct Selling News released its Global 100 list of the top direct selling companies in the world in June, one country was conspicuously underrepresented. China, the second largest direct selling market, had only one company…
Read MoreU.S. DSA Announces 2019 Officers, Directors
The U.S. Direct Selling Association (DSA) recently announced elected officers and directors to the association’s Board of Directors. Officers and directors of the association are recognized leaders who have earned the respect of their colleagues and the public and are committed to lead and direct the affairs of the association. The board officers will each serve one-year…
Read MoreUSANA Appoints Brent Neidig Chief Officer and Managing Director of China
USANA recently announced that Brent Neidig has been appointed chief officer and managing director of China. As executive vice president of China since February 2017, Neidig oversaw USANA’s Chinese subsidiary, BabyCare, and the notable expansion of USANA’s presence in China. His new role will see him continue his efforts to grow and manage USANA’s Chinese…
Read MoreUSANA CEO Kevin Guest Honored by Utah Business Magazine
USANA Chief Executive Officer Kevin Guest has been recognized by Utah Business Magazine as a top CEO in Utah. Guest was honored at the CEO of the Year awards, which recognizes executives who exude innovation, show sound business judgment and drive proven financial success. “There are so many innovative leaders and companies in Utah—to be named among its top CEOs…
Read MoreUSANA Sales Up 9.5% in Q4 2018; Up 13.6% for Year
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal fourth quarter and full-year ended December 29, 2018. Fourth quarter 2018 net sales were $299.0 million, compared with $273.1 million in the prior-year period, or a 9.5 percent increase year-over-year. The company’s total number of active customers increased 9.0 percent year-over-year to 616,000.…
Read MoreUSANA Q3 Net Sales Up 13.4%; Tupperware Down 10%
USANA Health Sciences, Inc. (NYSE: USNA) and Tupperware (NYSE: TUP) have announced financial results for the third quarter of 2018. USANA USANA net sales were $296.8 million, compared with $261.8 million in the prior-year period, a 13.4 percent increase year-over-year. The company’s skin and personal care product category contributed approximately $9.5 million in incremental sales for the quarter. The company’s total…
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