Usana caps record earnings quarter with market, media recognition

By Hank Schultz contact

- Last updated on GMT

Related tags: Multi-level marketing, Direct selling, MLM, Usana

Usana caps record earnings quarter with market, media recognition
Usana Health Sciences has capped a quarter that saw it post record earnings with recognition in the form of business organization and media awards.

Usana, a network marketing company based in Salt Lake City, UT, sells a variety of dietary supplements and personal care products in dozens of countries. The company was ranked No. 23 among the world’s multi level marketing companies​ in terms of revenue by industry publication Direct Selling News​. 

And it was DSN that also recognized Usana with recognition as being among the best places to work in the direct selling industry. ​According to Usana, the award was judged based on the overall results from an anonymous survey of US-based USANA employees. Only companies meeting the threshold of "best place to work" were announced as Honorees for 2018, as determined by employee engagement company, Quantum Workplace.

State awards

The company also announced that Usana won a number of “Best in State” awards for specific products. That included an award as a top employer in the state.

By some measures, including contribution to overall state GDP, the dietary supplement industry in Utah is the densest in the entire US. So, while winning ‘best beverage’ in, say, Wyoming might mean you’re at the head of a very short list, in Utah, the competition for these awards, which are given out by a private non profit, is significant. 

Usana won top state awards for best beverage for its Rev3 Energy product, an award for its new Celavive skin care line as well as recognition for its CellSentials line of dietary supplements and acknowledgement for its excellence in manufacturing.

"Having our efforts recognized by local and industry-specific organizations shows the dedication and enthusiasm all the employees at USANA have for creating the best nutritional and skincare products on the market,"​ said USANA's chief communication and marketing officer, Dan Macuga.

"I've seen firsthand how much work went into developing our new, groundbreaking products like Celavive and Usana CellSentials, so I'm happy to see them get some well-deserved attention.”

Strong recent earnings report

Usana recently reported record earnings in the first quarter of 2018. The company hit $292 million in revenue, an increase of 14.4% over the same quarter a year previously, a performance that easily bested analysts’ estimates. The record quarter comes on the heels of a year-end earnings report in which the company passed the $1 billion sales mark for the first time.

Related topics: Markets, Financial focus, Manufacturers

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