LONDON, UK / ACCESSWIRE / August 22, 2017 /Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for USANA Health Sciences, Inc. (NYSE: USNA) ("USANA"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=USNA. The US-based nutritional Company announced on August 18, 2017, that it would expand in four European countries beginning mid-year 2018. These four new markets constitute of Romania, Germany, Italy, and Spain. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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To Broaden International Reach
Kevin Guest, Chief Executive Officer (CEO) at USANA expressed his excitement about USANA's expansion plans. He mentioned that this expansion move would broaden the Company's international reach. He also stated that USANA would be able to impact the health of even more individuals in Europe post this expansion, which is consistent with the Company's ultimate goal of creating the healthiest family on Earth. In the current market scenario, the direct selling industry is booming and USANA is no exception to it.
USANA was founded in 1992 and currently produces high-quality supplements, personal care, and healthy food products in its state-of-the-art facility in Salt Lake City. The new markets i.e. Romania, Germany, Italy, and Spain will spread USANA's global footprint from 20 to 24 markets worldwide.
The Company plans to support these new markets by both in-country Field Development Managers and by USANA's European headquarters in Paris, France. As of now, all four markets are open to Preferred Customers.
Key Characteristics of the new markets
- Romania is a southeastern European country, which has a very entrepreneurial population that is on the lookout for more and more opportunities.
- As per forecasts by the World Economic Forum, Romania is the second-fastest growing economy in Europe.
- Large proportions of Romanian populations live in Italy, Spain, Germany, United States, Canada, as well as France.
- According to a report by Direct Selling News ("DSN"), Germany is the fourth-largest direct selling market in the world.
- Also, the direct selling industry in Germany has grown at a compound annual growth rate (CAGR) of 5.2% over the last three years.
- Moreover, the country is ranked among the top 10 most health-conscious countries in the world, according to US News.
- According to DSN, Italy is the 12th-largest direct selling market in the world.
- The direct selling market in Italy has grown at a CAGR of 4.7% over the last three years.
- Moreover, Italy has the fourth-largest economy in Europe according to estimates by the International Monetary Fund.
- Spain has one of the highest unemployment rates in the world, according to a report by Forbes dated 2015.
- Besides, it is the third-most visited country in the world, according to the World Tourism Organization.
USANA Reported Financial Results for Second Quarter 2017
USANA shared its financial results on August 18, 2017, for the quarter ended June 30, 2017. The Company reported revenue of $257.06 million and net earnings of $23.26 million compared to revenue of $258.51 million and earnings of $25.76 million in Q2 2016. The Company's gross margin declined to 35.23% from 36.35% in the same period of last year. Similarly, operating (EBITDA) margins declined to 14.23% from 15.74% in Q2 2016. However, the year-on-year change in operating cash flow of 55.66% is nearly the same as the change in earnings. There is no significant movement in accruals or reserves.
Last Close Stock Review
On Monday, August 21, 2017, USANA Health Sciences' stock closed the trading session at $57.40, rising 1.50% from its previous closing price of $56.55. A total volume of 132.81 thousand shares were exchanged during the session, which was above the 3-month average volume of 118.40 thousand shares. Shares of the Company have a PE ratio of 14.87 and currently have a market cap of $1.39 billion.
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