Source: Houston Chronicle 7/23/2007

USANA Shares Drop Following Resignation

NEW YORK - Shares of Usana Health Sciences Inc., which makes nutritional and personal care products, dropped Tuesday after the lawsuit-plagued company said its independent accountant has resigned.

Shares fell $5.12, or 10.2 percent, to $44.98 in afternoon trading.

The announcement of the resignation of Grant Thornton LLP as the company's auditor came as Usana said it expects to post a higher-than expected profit and better-than-expected sales in its second quarter.

The company plans to release its full financial results for the quarter after the market closes Tuesday.

But for investors, the positive news appeared to be overshadowed by the resignation, which brought more focus to the company's legal troubles.

View USANA Review

Related News

  • USANA Health Names Kevin Guest CEO
    November 24, 2016 -- USANA Health Sciences, Inc., a manufacturer of nutritional supplements, healthy foods and personal care products, announced Wednesday the appointment of current Co-CEO, Kevin Guest, as CEO of the company, as Dave Wentz has made the personal decision to step down as Co-CEO and a ...  Read More...
  • USANA Receives Seal of Approval for Joint Health Supplement
    SALT LAKE CITY, June 2, 2016 -- Creating products aimed to improve the health and wellness of the world is the mantra of USANA Health Sciences - and having those products contain pure ingredients with accurate labels is equally important. Which is why USANA considers a seal of approval from third-pa...  Read More...
  • USANA Receives 5 Best of State Awards
    SALT LAKE CITY, May 11, 2015 -- To be considered the best takes years of hard work and dedication. Remaining the best is even more challenging. Yet USANA Health Sciences continues to show its competitors why it is an industry leader, claiming five Best of State medals for its innovative science and ...  Read More...
  • USANA Recognized for Ethical Business Practices
    October 31, 2014 -- FOR the fifth consecutive year, USANA Health Sciences has been recognized as one of 52 dedicated Direct Selling Association (DSA) member companies to take part in the 2014 DSA Code of Ethics Communication Initiative. While participation in the program is optional for DSA member c...  Read More...


USANA News Archive

New Companies on Npros

Receive News and
Updates from

 Send me news updates
 Send me New Companies

RSS Npros News Feed