Thursday, August 17, 2017

USANA Appears to have a Couple Errors in Their 2016 10K SEC Filing

It appears USANA may have a couple errors in their 2016 10K SEC filing. See the following: 

USANA's 2016 10K SEC Filing may have some errors in it.

Americas and Europe:    The increase in constant currency net sales in this region continues to be driven primarily by growth in Mexico and Canada, where constant currency net sales increased 22.6% and 13.3%, respectively. This growth is reflective in the number of active Associates and Preferred Customers purchasing our products. Net Sales in the United States decreased $9.6 million or 6.9%, due to a decline in the number of active customers in this market


However, USANA's 2015 10K SEC Filing shows the following:


USANA used the wrong figures for the United States for the 2014 and 2015 year ending numbers. Also, what USANA should have stated in the 2016 10K SEC filing is the United States decreased $11.3 million or 8.0%. I cannot find any corrections released by USANA at the time this posting is written.

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