USANA growth
This article was originally published in The Tan Sheet
Executive Summary
Q1 net earnings of $3.6 mil. are more than triple income recorded in the first quarter of 2001, reflecting international expansion, "combined with improved operating efficiencies," supplement direct-marketer explains in April 15 analysts call. Sales for USANA Health Sciences grew 42.8 % to $40.9 mil. in the period, led by increases in customers, sales associates. CFO Gilbert Fuller projects sales of $42 mil. in Q2, $170 mil. for FY 2003. Bank debt eliminated in Q1 for first time in four years, Fuller adds...