USANA Health Sciences reported a decrease in net sales and diluted EPS for the second quarter of 2024 compared to the same period in 2023. The company is updating its fiscal year 2024 net sales and diluted EPS outlook due to these challenges.
Second quarter net sales were $213 million, down from $238 million in Q2 2023.
Second quarter diluted EPS was $0.54, compared to $0.89 in Q2 2023.
The company generated $8 million in operating cash flow and ended the quarter with $332 million in cash and cash equivalents.
Fiscal year 2024 net sales outlook is updated to $850 million to $880 million, and diluted EPS outlook is updated to $2.40 to $2.55.
The Company is updating its net sales and earnings per share outlook for fiscal year 2024, as follows: Consolidated Net Sales $850 - $880 million, Diluted EPS $2.40 - $2.55.
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