USANA Health Sciences Increases Share Repurchase Authorization

SALT LAKE CITY, May 09, 2012 -- USANA Health Sciences, Inc. today announced that its board of directors has authorized an increase in its share repurchase program to $50 million. The updated share repurchase authorization is an increase of $22 million from the $28 million remaining under the prior authorization as of the end of the first quarter of 2012.

Repurchases may be made from time to time, in the open market, through block trades or otherwise. The number of shares to be purchased and the timing of purchases will be based on market conditions, the level of cash balances, general business opportunities and other factors.

Dave Wentz, Chief Executive Officer, said, "The Board's authorization of additional funding for our stock repurchase program is an indication of our confidence in the long-term growth potential of the Company. We will continue to explore opportunities to build long-term value for our shareholders."

 

More USANA News and Articles

 

USANA Profile

Create a Free USANA Rep Listing