06 February 2008

UPDATE 1-Usana Q4 profit flat, sees Q1 results below Street view

"Usana Health Sciences Inc posted a flat quarterly profit, forecast first-quarter results below Wall Street view hurt by tight consumer spending, and lowered its 2008 outlook, sending the shares down 18 percent in after-hours trade.

'During the fourth quarter, we experienced softer-than-expected sales and associate numbers in North America,' Usana's president Dave Wentz said in a statement.

'We attribute this decline primarily to the toll that various false allegations have taken on our associates during 2007,' he said."



Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home