Usana Health Sciences Profits Up

by louabbott on February 15, 2011

MLM Usana Health Sciences (NYSE: USNA ) reported profits up, Asian sales up, North American sales down

The latest quarterly report from the most successful MLM company with a binary compensation plan to date reveals a trend that seems all too common in macro economics today.  Namely huge growth in their Asian Pacific markets and shrinking sales in North America.

From Blomberg February 9th, 2011:

Usana Health Sciences’ 4Q profit climbs 21 percent

SALT LAKE CITY (AP) — Nutritional supplement maker Usana Health Sciences Inc. said its fourth-quarter profit jumped 21 percent, helped in part by strong sales growth from the Asia Pacific region and a lower effective tax rate.

Asia Pacific region sales grew nearly 40 percent to $78 million, mainly due to strong growth in Hong Kong, the Philippines and Japan.

In contrast, North American sales fell 2 percent to $59.6 million. Selling, general and administrative expenses climbed 36 percent to $33.4 million.

For the full year, Usana earned $45.7 million, or $2.86 per share, on $517.6 million in revenue.

The company expects 2011 earnings per share of between $2.85 and $2.95 on between $530 million and $550 million in revenue.

Read the full article at  Bloomberg.com

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