USNA - man we missed this one, hit 9.23 today, you brought it up in Jan under 1.50 Message 17959717
SALT LAKE CITY--(BUSINESS WIRE)--Oct. 15, 2002--USANA Health
Sciences Inc. (Nasdaq:USNA) today announced record sales for the third
quarter ended Sept. 28, 2002, of $34.8 million, an increase of 18.6%
over the same period in 2001. Earnings per share increased 267% on a
year-over-year basis to $0.22 in the third quarter of 2002 from $0.06
in the third quarter of 2001. Earnings per share exceeded the third
quarter pre-release high estimate of $0.20 by $0.02 due to an
adjustment of the company's effective tax rate calculation for fiscal
year 2002.
Sales for the nine months ended Sept. 28, 2002, were $95.5
million, an increase of 11.6% over sales of $85.6 million reported
during the same period of 2001. Earnings per share increased 213% to
$0.50 for the nine months ended Sept. 28, 2002 from $0.16 for the nine
months ended Sept. 29, 2001.
Dave Wentz, president of USANA, remarked, "Third quarter sales
represent the highest quarterly sales ever reported by the company,
and reflect improved sales in all of our markets. I am pleased with
USANA's renewed focus on issues critical to our overall mission. That
focus has allowed us to keep our associate incentives among the
highest in our industry while at the same time delivering strong
earnings growth to our shareholders."
Boyd |
