USANA Health Sciences Increases 2016 EPS Outlook - Quick Facts

(RTTNews) - USANA Health Sciences, Inc. (USNA) announced, for 2016, the company expects earnings per share between $7.90 and $8.20, compared to prior guidance of $7.60 to $8.15. The company expects consolidated net sales between $1.02 billion and $1.05 billion, which is unchanged. Analysts polled by Thomson Reuters expect the company to report profit per share of $8.01 on revenue of $1.02 billion. Analysts' estimates typically exclude special items.

Net earnings for the second quarter of 2016 increased to $25.8 million, compared with $25.4 million during the prior-year period. Higher net sales and a lower effective tax rate were largely offset by lower gross margins and higher operating expenses during the quarter. Earnings per share for the second quarter increased by 7.8% to a record $2.07, compared with $1.92 in the prior year period.

Net sales for the second quarter of 2016 increased to $258.5 million, up 10.8%, compared with $233.2 million in the prior-year period. The increase in net sales was driven by 15.9% growth in the number of active Associates and 6.6% growth in the number of Preferred Customers.