USANA guidance
This article was originally published in The Tan Sheet
Executive Summary
Firm expects net sales to increase 47% and top $60 mil. in first quarter ending April 3, with earnings per share slightly lower than originally forecast. The Salt Lake City-based firm attributes the earnings decrease to costs and delays in entry into the Mexican market, as well as higher cost of goods sold at Wasatch, Utah facility. USANA projects full-year sales to fall at the high end of $245 to $255 mil. guidance, with EPS between $1.35 and $1.40...