USANA Well being Sciences, Inc. reported a 5% improve in internet gross sales in fiscal yr 2021, reaching $1.186 billion. Diluted EPS was barely down (-2%) from the earlier yr and totaled $5.73. Throughout this fiscal interval, energetic clients dipped 7% from fiscal 2020, to complete 560,000 folks.
“USANA delivered year-over-year internet gross sales development for 2021, regardless of a difficult year-over-year comparable and a world working surroundings that disrupted lots of our development initiatives and deliberate occasions,” stated Kevin Visitor, Chief Govt Officer and Chairman of the Board. “Importantly, we made significant progress through the yr in executing our digital transformation technique, which is essential to bettering our general buyer expertise and setting the stage for future internet gross sales development.”
Fourth quarter 2021 monetary efficiency had a steeper decline, with a 14% lower in internet gross sales in comparison with the prior yr’s quarter, totaling $267.3 million, and a forty five% lower from the prior yr’s quarter in diluted EPS. Diluted shares of 19.7 million have been down 7%.
“Fourth quarter internet gross sales got here in beneath our expectations as our enterprise was negatively impacted in a number of key Asia Pacific markets the place COVID-19 restrictions continued all through the quarter,” Visitor stated. “Moreover, decrease gross margin and the unanticipated timing of sure advertising and marketing bills resulted in lower-than-expected diluted earnings per share. We estimate that these collective occasions negatively impacted diluted earnings per share by $0.18.”
Asia Pacific continues to be the corporate’s strongest market area, bringing in $212.1 million in internet gross sales and internet hosting 428,00 energetic clients. Inside this area, Larger China stays the chief.
The corporate ended the yr with a robust stability sheet and $240 million in money and money equivalents available and no debt. Forecasts for fiscal yr 2022 estimate consolidated internet gross sales within the area of $1.125 and $1.225 billion, with a diluted EPS of $5.25-$6.
“Progress in energetic clients and internet gross sales in every of our areas world wide stay high priorities in 2022,” Visitor stated. “This focus displays our dedication to all stakeholders and to our imaginative and prescient of bettering the well being and wellness of as many individuals world wide as potential. Fiscal 2022 can be USANA’s thirtieth yr anniversary, and we’ve a number of thrilling occasions, product launches, and bulletins deliberate to have a good time our legacy and drive development. In reference to our anniversary, we hope to return to stay occasions in markets the place we’re permitted to take action. We imagine that stay occasions are each necessary and additive to driving pleasure and momentum inside our gross sales drive. Throughout the yr, we are going to proceed investing in expertise and digital instruments to additional enhance our general buyer expertise. We’ll proceed to put the foundations for growth into new markets and pursue accretive enterprise growth alternatives. We look ahead to rising the variety of people and households utilizing our merchandise and to delivering development for USANA in 2022.”
