Usana Health Sciences Inc. falls more than 4% in the extended session Thursday after the multi-level marketing company calls for lower 2023 sales and profit...
Usana Health Sciences Inc. shares fell more than 4% in the extended session Thursday after the multi-level marketing company called for lower 2023 sales and profit than Wall Street expected, saying it is unsure whether an uptick in sales at the end of 2022 would last.
Usana USNA said it expects sales between $850 million and $950 million for fiscal 2023, and per-share earnings between $2.35 and $3.30 for the year. That compares with FactSet consensus of sales of $974 million and EPS of $3.35 for 2023. It called for sales of about $995 million in 2022, and EPS around $3.65 for the year. That compares with FactSet consensus for $1.19 billion in sales and EPS of $3.28 for 2022.
That was thanks to “increased demand for certain products following the unanticipated shift in COVID policy in this market,” the company said.
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