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USANA Health Sciences Announces Final Fourth Quarter and Full-Year Financial Results
2008 Marks the 6th Consecutive Year of Record Sales and Associates
SALT LAKE CITY--(BUSINESS WIRE)--February 23, 2009--USANA Health Sciences, Inc. (NASDAQ: USNA) today announced final financial results for the fiscal fourth quarter and full year, ending January 3, 2009. The financial results presented by the Company in this press release include comparisons to financial results for the year 2007. The results for 2007 have been restated due to an IRS tax adjustment, as disclosed by the Company in a Form 8-K filed on February 23, 2009. These restated financial results will also be disclosed in the financial statements and related disclosures in the Company’s 2008 Form 10-K.
Net sales for the fourth quarter of 2008 increased by 2.1% to a record $111.1 million, compared with $108.7 million in the fourth quarter of the prior year. Net sales growth for the 14-week fourth quarter of 2008 resulted from a 12.5% increase in the number of active Associates, compared with the fourth quarter of the prior year. Dramatic changes in currencies during the fourth quarter, driven by the strengthening U.S. dollar, reduced net sales by approximately $10 million, compared with the fourth quarter of the prior year.
The following information was filed by Usana Health Sciences Inc (USNA) on Monday, February 23, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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