Posts Tagged ‘Kevin Guest’
Financial 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…
Read MoreUSANA Named One of Most Trustworthy Public Companies in US
USANA Health Sciences Inc. has been selected by TGF Analytics as one of “America’s Most Trustworthy Public Companies.” USANA was ranked fourth among small/mid-cap companies with an A+ rating—something only 5 percent of companies researched achieved. The rankings were based on dozens of factors in five key areas: financial governance; environmental, social & corporate governance;…
Read MoreUSANA Q2 Sales Up 17% Over 2017
Salt Lake City, Utah-based USANA Health Sciences yesterday announced financial results for its fiscal second quarter ended June 30, 2018. Net sales were $301.5 million, compared with $257.1 million in the prior-year period, a 17.3 percent increase year-over-year. Celavive, the company’s new skincare line, contributed approximately $7 million in incremental sales for the quarter. In markets where Celavive has launched, skin…
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