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June 29, 2011
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USANA sees Q2 EPS of at least $0.85 vs $0.71 Capital IQ Consensus Estimate; revs to exceed $147 mln vs $134.92 mln Capital IQ Consensus Estimate (28.99 +0.44) : Earnings per share for the period will benefit by approximately $0.06 due to the recapture of unvested equity compensation expense related to the departure of certain executives from the Company. The Company plans to release final results for the second quarter, as well as update its annual financial guidance, after market close on July 26th. "Our senior management transition announced on May 10, 2011 was smoothly and successfully implemented during the quarter... After considering input from our Associate leaders, Deborah Woo, our new President of Asia Pacific, recommended a revised approach to our integration strategy for BabyCare in China. We implemented our new strategy mid-quarter and believe this revised approach contributed to our results for the quarter
Shares Short (as of Jun 15, 2011)3: 1.26M Short Ratio (as of Jun 15, 2011)3: 8.70 Short % of Float (as of Jun 15, 2011)3: 23.50% Shares Short (prior month)3: 1.17M
Short ratio can add fuel to up side. Watch for price action tomorrow