Thursday, July 31, 2014

Low Vitamin D and Type 2 Diabetes

At a Glance:

Adults with a lower vitamin D intake or low vitamin D blood levels may have a significantly increased risk of developing type 2 diabetes.

Read more about this research below:

Type 2 diabetes has become a significant worldwide health care challenge, as it is associated with various health problems and increased mortality risk. There is increasing evidence that vitamin D influences many non-skeletal medical conditions, including heart disease, cancer, certain autoimmune diseases and type 2 diabetes. Observational research has shown that seasonal variation in blood sugar control in the winter may be partly due to vitamin D, since vitamin D levels are generally much lower in the winter.  

In a study published in the European Journal of Clinical Nutrition, researchers examined the association between vitamin D status and the incidence of Type 2 diabetes. After a thorough review of the literature, 8 observational studies and 11 randomly controlled trials were included in the review.  When compared to those with a vitamin D intake of <200 day="" intake="" iu="" of="">500 IU/day decreased the risk of type 2 diabetes by 13%. Compared to those with the lowest serum vitamin D levels (<14 35="" adults="" d="" highest="" ml="" mmol="" ng="" or="" status="" the="" vitamin="" with="">25 ng/ml or 62.5 mmol/L) had a 43% lower risk of developing type 2 diabetes.  In two trials that included patients with glucose intolerance, vitamin D supplementation improved measures of insulin resistance. No significant effect of vitamin D on glycemic outcomes was evident in the trials that included subjects with normal glucose tolerance at baseline.

The results of this review show that vitamin D may play a role in the development of type 2 diabetes, although high-quality studies are still needed to determine a potential mechanism between vitamin D concentration and relevant glycemic outcomes.  

J Mitri, M D Muraru and A G Pittas. Vitamin D and type 2 diabetes: a systematic review. European Journal of Clinical Nutrition (2011) 65, 1005–1015. 

Source: USANA Essentials of Health   

Wednesday, July 30, 2014

New Vitamin D Research: Supplementation Is Best Way To Improve Vitamin D Levels

News Release

SALT LAKE CITYJuly 30, 2014 /PRNewswire/ -- Do you currently take a vitamin D supplement? New research says you should. A study conducted by USANA Health Sciences, in conjunction with Intermountain Healthcare's The Orthopedic Specialty Hospital (TOSH), found that taking a daily vitamin D supplement is the best way to improve vitamin D levels in the body. The study examined levels of vitamin D in 743 male and female adults throughout the United States, between the ages of 20 and 65.

"This study provides novel data indicating that the number of individuals with low vitamin D doubles during winter compared to those during the summer," said TOSH Clinical Researcher Tyler Barker, PhD. "Notably this finding underscores the impact of vitamin D supplementation in order to achieve a good vitamin D level, especially during the winter months."

Research for this study, which is now published online in the European journal of Clinical Nutrition, was funded in part by USANA Health Sciences, Inc. in Salt Lake City, a leading international manufacturer of top-quality nutritional products.  

"USANA and TOSH are the ideal partnership for conducting nutritional scientific studies," said USANA Senior Scientist Mark Levy. "We're excited about the outcome of our research, which helps to identify risk factors for vitamin D deficiency—a worldwide health concern. And the fact that vitamin D supplementation is a safe, cost effective and potent way to increase vitamin D levels provides a promising and simple solution to the problem."

In October 2012, USANA and TOSH released their joint research study, which shows a link between vitamin D and inflammation.

For more information about USANA's products and company, visit

About USANA 

Founded in 1992, USANA Health Sciences (NYSE: USNA) is a U.S.-based nutritional company that manufactures high-quality supplements, personal care and energy products in its FDA-registered facility in Salt Lake City. Learn more about USANA by visiting our web site or the official USANA blog

USANA Health Sciences, Inc.
Media Contact: Ashley Collins
International Headquarters
Executive Director of PR, Social
Media and Communications

(801) 954-7629



Tuesday, July 29, 2014

USANA Health Sciences Announces Second Quarter 2014 Financial Results

News Release

  • Second quarter net sales of $188.3 million; EPS of $1.36
  • Associate growth of 11.4%
  • Company repurchases 682,000 shares under program during second quarter
  • Company reiterates 2014 net sales and earnings outlook
  • Company announces promotion of Kevin Guest to President
SALT LAKE CITY--(BUSINESS WIRE)--Jul. 29, 2014-- USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal second quarter ended June 28, 2014. The Company also reiterated net sales and earnings guidance for 2014.

Financial Performance

For the second quarter of 2014, net sales decreased slightly to $188.3 million, compared with $189.1 million in the prior-year period. Net sales, on a comparative basis, were negatively impacted by: (i) $7.0 million of incremental sales in the second quarter of 2013 that occurred ahead of policy changes, which included restricting Associate purchases to their country of residence; (ii) $3.3 million from unfavorable changes in currency exchange rates, and (iii) price discounts that the Company implemented in 2013. The number of active Associates for the second quarter increased 11.4% year-over-year, and 6.8% sequentially, largely as a result of the initiatives implemented by the Company in 2013.

Net earnings for the second quarter were $19.3 million, compared with $24.2 million during the prior-year period. This decrease resulted from lower gross margins and higher operating expenses, which were due largely to the pricing and compensation plan initiatives implemented by the Company in 2013. Earnings per share for the quarter were $1.36, compared with $1.72 in the second quarter of the prior year. Weighted average diluted shares outstanding were 14.2 million in the second quarter of 2014, compared with 14.1 million in the prior-year period. During the quarter, the Company accelerated its share repurchase activity by repurchasing approximately 682,000 shares under its authorized repurchase program for a total investment of $49.1 million. Additionally, as of July 25, 2014, the Company has spent $21.4 million during the month of July to repurchase approximately 285,000 shares pursuant to a Rule 10b5-1 trading plan. As of July 25, 2014, there was $129.5 million remaining under the current share repurchase authorization. The Company ended the quarter debt–free with approximately $118.3 million in cash and cash equivalents.

“USANA generated solid results during the second quarter, notwithstanding several factors that created a challenging year-over-year comparable,” said Dave Wentz, USANA’s Chief Executive Officer. “In 2013, we made a number of important changes to our business, including world-wide policy changes, enhancements to our Associate compensation plan and pricing initiatives. These changes have improved our core business by generating double digit year-over-year increases in our customer counts, Auto Order sales and check earners. As we anticipated and previously communicated, these changes have also created tough year-over-year comparables in 2014 and have caused our financial results to trail our operational progress. As we execute our 2014 strategies, we are confident that our performance will continue to accelerate during the second half of the year and we will deliver another year of record results in 2014. We are also committed to returning value to shareholders through our share repurchase program.”

Regional Results

Net sales in the Asia Pacific region increased by 1.8% to $124.6 million, compared with $122.4 million for the second quarter of the prior year. This improvement was due to nearly 14% sales growth in the Southeast Asia Pacific region, which was driven by sales and customer growth in every market in the region. Net sales in the Greater Chinaregion decreased 4.3% on a year-over-year basis, due to nearly $7.0 million in incremental sales during the second quarter of 2013 that occurred ahead of policy changes, which included restricting Associate purchases to their country of residence. Sequentially, net sales in the Greater China region increased 4.6% due to double-digit sales and customer growth in China. The number of active Associates in the Asia Pacific region increased by 16.9% year-over-year, due to double-digit Associate growth in the Greater China and Southeast Asia Pacific regions.

Net sales in the Americas/Europe region declined 4.7% to $63.7 million, due primarily to a sales decline in the U.S., which was partially offset by net sales growth in other markets in the region. The number of active Associates in this region was flat.

“Our business continues to produce strong results in Asia Pacific, as nearly every market in this region delivered sales and customer growth during the quarter. As we anticipated, our performance in China accelerated during the quarter and produced double-digit sales and customer growth compared to the prior quarter. We expect our results in China to continue to accelerate as the year progresses and remain confident in our long-term growth potential in this important market. We also have initiatives planned for the second-half of 2014 that are designed to drive sales and customer growth in each of our regions, with an emphasis on North America and the United States in particular. We look forward to hosting our 22nd Annual International Convention in August, where we will make several exciting announcements,” concluded Mr. Wentz.


The Company reiterated the following financial outlook for 2014:

  • Consolidated net sales between $770 million and $790 million
  • Earnings per share between $5.50 and $5.65
Chief Financial Officer, Paul Jones, commented, “During the second quarter, we faced difficult year-over-year comparables, yet generated strong results. We expect our financial performance to accelerate during the second half of 2014, as we execute initiatives to produce world-wide growth and operational efficiency, and we are reiterating our previously issued guidance. We also believe that these initiatives will provide sustainable growth for the Company over the long-term.”

Kevin Guest Named Company President

Kevin G. Guest, 51, has been promoted to President of USANA world-wide effective August 1, 2014. Mr. Guest will focus his efforts on sales growth, customer growth and sales force development. Mr. Guest has been with the Company since 2003 and has served in a variety of leadership positions within the Company over the last 11 years. Most recently, he has served as President of the AmericasEurope and South Pacific since October 2012, where he has designed and executed initiatives that have generated growth in these regions.

“Kevin has been extensively involved with USANA since the Company was founded more than 20 years ago,” saidDave Wentz. “His vision for the business, dedication to customers and employees, and overall integrity and leadership have been and will continue to be invaluable to our organization,” concluded Wentz.

Beginning August 3, 2014Dave Wentz will reduce his time in the office for one year to spend more time with his family. During this time, Mr. Wentz will focus his efforts on strategic initiatives, business development, the True Health Foundation and customer events, including the Company’s international and regional conventions. He intends to return to his full-time role on August 3, 2015.

Conference Call

USANA will hold a conference call and webcast to discuss this announcement with investors on Wednesday, July 30, 2014 at 11:00 AM Eastern TimeInvestors may listen to the call by accessing USANA’s website at


USANA develops and manufactures high-quality nutritional, personal care, and weight-management products that are sold directly to Associates and Preferred Customers throughout the United StatesCanadaAustraliaNew ZealandHong Kong, ChinaJapanTaiwanSouth KoreaSingaporeMexicoMalaysiathe Philippinesthe Netherlands, the United KingdomThailandFranceBelgium and Colombia. More information on USANA can be found at

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, reliance upon our network of independent Associates, the governmental regulation of our products, manufacturing and marketing risks, adverse publicity risks, and risks associated with our international expansion. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.
USANA Health Sciences, Inc.
Consolidated Statements of Earnings
(In thousands, except per share data)
Quarter EndedSix Months Ended
Net sales$189,136$188,256$358,218$370,657
Cost of sales 31,905  34,865 62,166  68,693
Gross profit157,231153,391296,052301,964

Operating expenses
Associate incentives77,80181,098147,656159,972
Selling, general and administrative 42,978  43,206 85,382  87,783
Earnings from operations36,45229,08763,01454,209
Other income (expense) (83) 297 (109) 422
Earnings before income taxes36,36929,38462,90554,631
Income taxes 12,159  10,083 20,916  18,793
NET EARNINGS$24,210 $19,301$41,989 $35,838
Earnings per share - diluted$1.72$1.36$2.99$2.50
Weighted average shares outstanding - diluted14,09914,23514,03414,315
USANA Health Sciences, Inc.
Consolidated Balance Sheets
(In thousands)
As ofAs of
Current Assets
Cash and cash equivalents$137,343$118,267
Securities held-to-maturity, net8,6423,374
Prepaid Expenses and Other current assets 35,818 35,756
Total current assets229,045201,925
Property and equipment, net59,18065,859
Intangible assets, net42,32941,015
Deferred income taxes5,5195,515
Other assets 14,154 22,688
Total assets$368,470$354,921
Current Liabilities
Accounts payable$9,502$6,408
Other current liabilities 86,369 82,297
Total current liabilities95,87188,705
Other long-term liabilities1,2111,290
Deferred income taxes10,86610,672
Stockholders' equity 260,522 254,254
Total liabilities and stockholders' equity$368,470$354,921
USANA Health Sciences, Inc.
Sales by Region
(In thousands)
Quarter Ended
Americas and Europe$66,76935.3%$63,66133.8%
Asia Pacific
Southeast Asia Pacific37,47519.8%42,68922.7%
Greater China77,38840.9%74,09139.4%
North Asia 7,5044.0% 7,8154.1%
Asia Pacific Total 122,36764.7% 124,59566.2%
Active Associates by Region (1)
 As of
29-Jun-13 28-Jun-14
Americas and Europe82,00032.3%82,00029.0%
Asia Pacific
Southeast Asia Pacific60,00023.6%67,00023.7%
Greater China103,00040.6%125,00044.1%
North Asia9,0003.5%9,0003.2%
Asia Pacific Total172,00067.7%201,00071.0%
(1) Associates are independent distributors of our products who also purchase our products for their personal use. We only count as active those Associates who have purchased from us any time during the most recent three-month period, either for personal use or for resale.
Active Preferred Customers by Region (2)
 As of
Americas and Europe57,00081.4%60,00075.9%
Asia Pacific
Southeast Asia Pacific7,00010.0%11,00013.9%
Greater China4,0005.7%3,0003.8%
North Asia2,0002.9%5,0006.4%
Asia Pacific Total13,00018.6%19,00024.1%
 (2) Preferred Customers purchase our products strictly for their personal use and are not permitted to resell or to distribute the products. We only count as active those Preferred Customers who have purchased from us any time during the most recent three-month period.
Source: USANA Health Sciences, Inc.
USANA Health Sciences, Inc.
Investors contact:
Patrique Richards, 801-954-7961
Investor Relations
Media contact:
Dan Macuga, 801-954-7280
Public Relations