Revenue: $563.7 million, compared to $604.2 million in Q3 2016.
Sales Leaders: 64,200 – 5% year-over-year decrease.
Customers: 1,069,000 – 7% year-over-year improvement.
“During the third quarter, we continued to execute our growth strategy and delivered results at the top-end of our previous guidance range,” said Ritch Wood, chief executive officer.
“We generated sequential improvements in the business, and are confident that our focus on social selling served as an important catalyst for steady customer and business growth in many of our markets. We also saw healthy energy within our sales force leading up to our October Nu Skin LIVE! event.”
“As we look ahead to the fourth quarter, we remain focused on expanding our customer base as we begin rolling out our platform, product and program initiatives,” said Wood.
“During our LIVE! event, we introduced several new products aimed at increasing the pace of our social selling efforts, including the ageLOC LumiSpa treatment and cleansing device which we plan to launch in every market during the first half of 2018.
Over the next several quarters, we will begin implementing enhanced programs to more effectively reward our sales leaders and build long-term customer loyalty. We are confident that our strategic focus on these initiatives will help
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Nu Skin Q2 Revenue Down $50 Million From $600 Million To $550 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced second-quarter 2017 financial results.
The Company reported second-quarter revenue of $550.1 million, which was at the high end of its outlook of $530 to $550 million, and earnings per share of $0.77, which exceeded its outlook of $0.65 to $0.70.
As we move into the second half of the year, we remain focused on executing our three key growth drivers – platforms, products and programs,”
said Rich Wood – CEO.
“In the platforms area, we continue to drive social selling throughout our markets to expand our customer acquisition efforts. To support this strategy, we will introduce several new products at our ‘Nu Skin LIVE!’ global distributor event in October, including our ageLOC LumiSpa device.
Additionally, we will begin to introduce new and enhanced programs designed to more effectively reward our sales leaders to drive growth. The progress we are making with these initiatives gives us confidence in our future,”
Wood concluded.
“Given our strong second-quarter financial results, we are raising our full year 2017 earnings per share outlook to $3.20 to $3.30 and reiterating our annual revenue guidance of $2.26 to $2.30 billion,” said Mark Lawrence, chief financial officer.
“For the third quarter we project revenue of $540 to
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Nu Skin Q2 Revenue 8% Down To $550 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced second-quarter 2017 financial results. The Company reported second-quarter revenue of $550.1 million, which was at the high end of its outlook of $530 to $550 million, and earnings per share of $0.77, which exceeded its outlook of $0.65 to $0.70.
“We are pleased to deliver strong quarterly results as we implement our growth strategy,”
said Ritch Wood, chief executive officer.
“We believe our second-quarter results provide momentum we can build on as we prepare to introduce several new products and significant business initiatives in the fourth quarter. We remain focused on customer acquisition and are encouraged by our year-over-year customer growth.
Looking forward, we believe our product and business initiatives, coupled with our continued efforts to increase our customer base, will help support business and sales leader growth in the second half of the year.”
“As we move into the second half of the year, we remain focused on executing our three key growth drivers – platforms, products and programs,” said Wood.
“In the platforms area, we continue to drive social selling throughout our markets to expand our customer acquisition efforts.
To support this strategy, we will introduce several new products at our ‘Nu Skin LIVE!’ global distributor
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Nu Skin Q1 Sales Up 6% To $499 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced first-quarter 2017 financial results.
“We are pleased to deliver strong first-quarter results, which demonstrates the progress we made executing on our strategic priorities to increase customer trial and acquisition,” said Ritch Wood, chief executive officer.
“Our quarterly results reflect solid growth in Mainland China, South Asia/Pacific and EMEA.
Our expanding social selling efforts and the continued rollout of ageLOC Me and ageLOC Youth contributed to our strong revenue during the quarter, positioning us to deliver solid performance for 2017.”
“Looking forward, we will continue to focus on accelerating growth, driving innovation throughout our business, and empowering our customers and sales leaders with the products, programs, and platforms they need to succeed in a rapidly-evolving marketplace,” said Wood.
“A key component of our strategy is capitalizing on our early social
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Nu Skin Appoints Mark Lawrence As Chief Financial Officer
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced the appointment of Mark H. Lawrence as chief financial officer, effective March 27. Lawrence will replace Ritch Wood, who will become the chief executive officer of the company as previously announced.
As indicated in the company’s Feb. 16 press release, Truman Hunt, who has served as the company’s chief executive officer since 2003, will become the vice chairman of the board of directors and Ryan Napierski will become the company’s president. These changes are effective today.
“Mark brings a wealth of leadership experience and an in-depth knowledge of finance and operations that will provide strength to Nu Skin and our senior management team,” said Wood. “In addition, his extensive experience in leadership positions at multiple publicly traded companies provides Mark a strong foundation to understand
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Nu Skin Q4 Sales Down 7% To $531 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth-quarter results with revenue of $531.3 million, compared to $572.2 million in the prior-year period. Quarterly revenue was negatively impacted 1 percent by foreign currency fluctuations. Earnings per share for the quarter were $0.69, compared to $0.62 in the prior-year period.
The company’s earnings per share in the fourth quarter included a negative $0.10 impact from a tax charge related to the enactment of a new U.S. tax regulation in December.
The company also reported full-year 2016 revenue of $2.21 billion, compared to $2.25 billion in 2015. Annual revenue was approximately even on a local-currency basis but was negatively impacted 2 percent by a strong U.S. dollar. Earnings per share for 2016 were $2.55, compared to $2.25 in 2015.
The company also reiterated guidance provided at its 2016 investor day in December
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5 Reasons To Start Paying Attention To Network Marketing
by Ted Nuyten • • 0 Comments
Top Leader Nathan Ricks is a world-renown network marketer, public speaker, and businessman. He has been a leader in network marketing for three decades. His explosive career began in 1989 when he created an independent distributor force of 100,000 people in just 24 short months.
Nathan has since become a member of the $20 Million Dollar Circle. He is the founder of One Team Global (OTG), a worldwide sales organization with over 500,000 distributors in 54 countries.
Nathan Ricks:
I read an article the other day about starting a business for retirement income and how this practice may be one of the most significant trends impacting retirement in the 21st century.
After reading, I was inspired to write a follow-up tied into network marketing. I predict this industry’s growth is about to explode over next
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Nu Skin CEO Truman Hunt Will Step Down – Ritch Wood Appointed
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises (NYSE:NUS) today announced a senior management transition plan.
Truman Hunt, who has served as the company’s president and chief executive officer since 2003, has accepted a three-year leadership assignment for The Church of Jesus Christ of Latter-day Saints beginning in mid-2017.
The Nu Skin Board of Directors has announced that Ritch Wood will become the company’s chief executive officer upon Hunt’s departure, and Ryan Napierski will become the company’s president. The company expects to name a successor to Wood as chief financial officer prior to his becoming chief executive officer.
“Truman has established a tremendous legacy at Nu Skin that we will continue to build upon going forward,” said Steven J. Lund, chairman of the board. “Through Truman’s leadership and vision, Nu Skin has achieved extraordinary success and is extremely well
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Nu Skin Q3 Sales Up 6% To $604 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced third-quarter revenue above guidance at $604.2 million, compared to $571.3 million in the prior-year period. Quarterly revenue improved 6 percent, or 4 percent on a constant-currency basis.
Earnings per share for the quarter were $0.98 and included a $0.09 positive impact from closing operations in Venezuela. Earnings per share in the prior-year period were $0.28 and were negatively impacted by several factors, including a $0.43 per share inventory write down.
“We are pleased that we exceeded guidance and posted year-over-year growth during the quarter,” said Truman Hunt, president and chief executive officer.
“We introduced ageLOC Youth in South Korea in the quarter and saw continued enthusiasm around the globe for our latest ageLOC products. We produced double-digit gains in North Asia and Greater China and
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Nu Skin Q2 Revenue Up 7% To $600.5 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced second-quarter results with revenue above guidance at $600.5 million, compared to $560.2 million in the prior-year period.
Quarterly revenue improved 7 percent, or 10 percent on a constant-currency basis. Earnings per share for the quarter were $0.79 compared to $0.75 in the prior-year period. Earnings were negatively impacted $0.13 per share due to foreign currency translation charges recorded in other income/expense.
“We are pleased with our second-quarter results and remain optimistic about the future as we continue to introduce our latest ageLOC products,” said Truman Hunt, president and chief executive officer.
“During the quarter, we held significant product introduction events in South Asia/Pacific and Greater China, generating revenue growth of 36 and 18 percent, respectively. We are also encouraged with the increase in sales leaders during the