USANA HEALTH SCIENCES INC
For the period ended Jun 29, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 6, 2024
USNA$13.10-5.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 29,2024 | July 1,2023 | June 29,2024 | July 1,2023 | |
| Net sales | $212,869 | $238,202 | $440,669 | $486,562 |
| Cost of sales | 40,333 | 43,326 | 83,402 | 91,845 |
| Gross profit | 172,536 | 194,876 | 357,267 | 394,717 |
| Operating expenses: | ||||
| Associate incentives | 90,371 | 102,380 | 186,129 | 208,450 |
| Selling, general and administrative | 64,325 | 68,096 | 128,625 | 135,022 |
| Total operating expenses | 154,696 | 170,476 | 314,754 | 343,472 |
| Earnings from operations | 17,840 | 24,400 | 42,513 | 51,245 |
| Other income (expense): | ||||
| Interest income | 2,763 | 2,224 | 5,439 | 3,999 |
| Interest expense | (51) | (43) | (103) | (74) |
| Other, net | (349) | 229 | (535) | 141 |
| Other income (expense), net | 2,363 | 2,410 | 4,801 | 4,066 |
| Earnings before income taxes | 20,203 | 26,810 | 47,314 | 55,311 |
| Income taxes | 9,771 | 9,518 | 20,345 | 19,636 |
| Net earnings | $10,432 | $17,292 | $26,969 | $35,675 |
| Earnings per common share | ||||
| Basic | $0.55 | $0.89 | $1.41 | $1.85 |
| Diluted | $0.54 | $0.89 | $1.40 | $1.84 |
| Weighted average common shares outstanding | ||||
| Basic | 19,073 | 19,321 | 19,123 | 19,302 |
| Diluted | 19,159 | 19,427 | 19,230 | 19,377 |
| Comprehensive income: | ||||
| Net earnings | $10,432 | $17,292 | $26,969 | $35,675 |
| Other comprehensive income (loss), net of tax: | ||||
| Foreign currency translation adjustment | (1,846) | (7,957) | (6,948) | (6,303) |
| Tax benefit (expense) related to foreign currency translation adjustment | (69) | 516 | 135 | 614 |
| Other comprehensive income (loss), net of tax | (1,915) | (7,441) | (6,813) | (5,689) |
| Comprehensive income | $8,517 | $9,851 | $20,156 | $29,986 |
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