Auditor for Vitamin Maker USANA Quits

SALT LAKE CITY - The accounting firm for embattled Utah vitamin maker USANA Health Sciences Inc. has resigned, and the company insisted Tuesday that no disagreement led to the departure.

That would be unusual, corporate watchdogs say. A Securities and Exchange Commission filing hints at a dustup over publicized findings by an independent fraud investigator, but USANA maintains it patched that up with accountants Grant Thornton LLP before the firm's departure.

USANA disclosed late Monday that Grant Thornton had resigned July 10 _ then followed up two minutes later with an unexpected early announcement of record quarterly sales.

USANA said it expects to post a second-quarter profit of 66 cents a share on $109.4 million in revenue, beating analysts' expectations on both counts. Analysts polled by Thomson Financial expected a profit of 63 cents per share on $104.2 million in revenue.

 

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