USANA Health Sciences, Inc. (NYSE:USNA) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET

Company Participants

Andrew Masuda - IR
Jim Brown - President & CEO
Douglas Hekking - CFO
Brent Neidig - Chief Commercial Officer
Walter Noot - COO

Conference Call Participants

Anthony Lebiedzinski - Sidoti & Company
Linda Bolton-Weiser - D.A. Davidson
Doug Lane - Water Tower Research

Operator

Hello, and welcome to the USANA Health Sciences Second Quarter Earnings Call. My name is Jess, and I'll be your coordinator for today's event. Please note, this call is being recorded. Until the duration of the call your lines will be on listen-only. However, there will be the opportunity to ask questions. [Operator Instructions]

I will now hand over to your host, Andrew Masuda to begin today's call. Thank you.

Andrew Masuda

Thank you, Jess, and good morning, everyone. We appreciate you joining us to review our second quarter 2024 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 outlook for fiscal year 2024 as well as uncertainty related to the economic and operating environment around the world, our 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 President and CEO, Jim Brown; our Chief Financial Officer, Doug Hekking; our Chief Commercial Officer, Brent Neidig as well as other executives. Yesterday, after the market closed, we announced our second quarter results and posted our management commentary document on the company's website.

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

Jim Brown

Thank you, Andrew, and good morning, everyone. During the second quarter, we saw continued macroeconomic pressure in several of our key markets which continued to impact our associates productivity and consumer spending. We continue to take action to strategically address these challenges, including making USANA's overall value proposition more attractive.