USANA Well being Sciences, Inc. introduced its preliminary monetary outcomes for the second quarter of 2022, together with web gross sales of $265 million, down from $337 million throughout the identical quarter final 12 months. Earnings per share expectations have been additionally down at $1.05, in comparison with $1.87 through the second quarter of 2022.
“Our gross sales efficiency through the second quarter was under expectations, as COVID-related lockdowns, restrictions, and different disruptions continued in mainland China and different markets,” mentioned Kevin Visitor, USANA Chief Govt Officer and Chairman of the Board. “These challenges have been significantly disruptive to the regional gross sales program we provided in a number of key markets through the quarter, and in the end triggered participation in this system, gross sales outcomes and energetic buyer counts to come back in decrease than anticipated. Importantly, this program was designed to be a catalyst for gross sales and buyer progress not solely through the quarter, but additionally within the second half of the 12 months. On account of this and the continued uncertainty surrounding the working surroundings going ahead, we anticipate softer gross sales and buyer counts within the second half of the 12 months.”
The corporate plans to launch its official monetary report later this month.
