USANA Health Sciences, Inc. (NYSE:USNA) Q1 2022 Results Conference Call April 27, 2022 11:00 AM ET

Company Participants

Andrew Masuda - Director of Investor Relations

Kevin Guest - Chairman and Chief Executive Officer

Doug Hekking - Chief Financial Officer

Brent Neidig - Chief Officer and Managing Director of China

Jim Brown - President

Conference Call Participants

Chris Neamonitis - Jefferies

Doug Lane - Lane Research

Linda Bolton Weiser - D.A. Davidson

Operator

Good day and welcome to USANA Health Sciences' First Quarter Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Andrew Masuda, Director of Investor Relations. Please go ahead, sir.

Andrew Masuda

Good morning. We appreciate you joining us to review our first quarter results. Today's conference call is being broadcast live via webcast and can be accessed directly from our website at ir.usana.com. Shortly following the call, a replay will be available on our website. As a reminder, during the course of this conference call, management will make forward-looking statements regarding future events or the future financial performance of our company. Those statements involve risks and uncertainties that could cause actual results to differ perhaps materially from the results projected in such forward-looking statements.

Examples of these statements include those regarding our strategies and our outlook for fiscal year 2022, as well as uncertainty related to the magnitude, scope, and duration of the impact of the COVID-19 pandemic to our business, operations, and financial results. We caution you that these statements should be considered in conjunction with disclosures, including specific risk factors and financial data contained in our most recent filings with the SEC.

I'm joined by our CEO and Chairman of the Board, Kevin Guest; our President, Jim Brown; our Chief Financial Officer, Doug Hekking; as well as the other executives. Yesterday, after the market closed, we announced our first quarter results and posted our management commentary document on the company's website.

We'll now hear brief remarks from Kevin before opening up the call for questions.

Kevin Guest

Thank you, Andrew, and good morning, everyone. We appreciate you joining us to review our first quarter results. USANA delivered solid first quarter results in the face of continued challenges across several key markets. Despite these challenges, both net sales and diluted EPS grew sequentially during quarter. Our operating results for the first quarter varied across several key regions and markets. For example, the U.S. market generated year-over-year sales growth and performed modestly above our expectations.