Economic challenges during 2008 were no match for USANA Health Sciences (NASDAQ:USNA), as the direct selling dietary supplement company posted another record revenue performance, ending its fourth quarter (4Q) with $120 million in net sales before currency effects and its fiscal year 2008 (FY08) with $429 million in sales, the sixth consecutive year of record sales.
According to the preliminary results, the strengthening U.S. dollar contributed to a $9 million ding to 4Q revenues, which topped the company’s previously announced expectations, and net income settled at $0.56 per share. FY08 earnings are anticipated to be around $1.72 per share.
“We are pleased to see record net sales in the fourth quarter, particularly in light of the current economic climate. The fundamental drivers of our business continue to gain traction,” said Dave Wentz, CEO of USANA.
Logo from USANA.
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