Strong Financial Performance
Consolidated net sales grew 11% year-over-year and adjusted earnings per share increased 36% from the prior year. The company ended the quarter debt-free with $151 million in cash on the balance sheet.
Strategic Initiatives and Rebranding
USANA is implementing strategic initiatives to strengthen partnerships, accelerate product innovation, and evolve brand messaging. The terminology for sales leaders changed from 'associates' to 'brand partners' to reflect a more collaborative relationship.
Successful Acquisitions
Hiya had strong year-over-year top line growth with improved profitability. Rise Bar delivered strong double-digit top line growth in the second quarter.
Increased Share Buybacks
The company accelerated share buybacks, indicating confidence in its financial position and future prospects.
Expansion and Modernization Efforts
USANA is expanding its product offerings and improving its compensation plan to attract new generations of entrepreneurs. They are also investing in technology enhancements, including data-driven tools and potential AI applications.