As part of the company’s Greater China regional convention in Hong Kong, Nu Skin Enterprises, Inc. today announced the appointment of Andrew Fan as chairman of Nu Skin China and strategic adviser to the company’s new global opportunity innovation team. Charlene Chiang will assume the role of president of the company’s Greater China region.
The regional convention will host approximately 20,000 sales leaders and customers from Mainland China, Taiwan, Hong Kong and Macau. At the convention, sales leaders will build on the momentum created by new ageLOC® products, celebrate the success of top sales leaders in the region and discuss plans for future growth and success.
“In the weeks leading up to the event, we executed a very successful introduction of our innovative ageLOC Me skin care system and sold out of a limited
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Nu Skin Q1 Revenue Down 13% To $471.8 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. announced first-quarter results above guidance, with revenue of $471.8 million, compared to $543.3 million in the prior-year period.
Revenue was negatively impacted approximately 5 percent by foreign currency fluctuations.
Earnings per share for the quarter were $0.06, or $0.42 excluding a non-cash charge associated with a recent Japan customs ruling. This compares to earnings per share in the prior-year period of $0.60. The company also announced that it is raising its guidance for the year.
“Our first-quarter performance was in line with our expectations and we are optimistic about the impact of upcoming product launches, which began in April and will continue in the second quarter,” said Truman Hunt, president and chief executive officer.
“We are seeing an enthusiastic response to the introductions of ageLOC Youth and ageLOC Me, and we anticipate
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Nu Skin Q4 Revenue Down 7% To $572 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth-quarter results, with revenue of $572.2 million, compared to $609.6 million in the prior-year period.
Revenue grew on a constant-currency basis, but was negatively impacted 7 percent, or approximately $42 million, by foreign currency fluctuations. Earnings per share for the quarter were $0.62, compared to $0.77 in the prior-year period.
The company also reported full-year 2015 revenue of $2.25 billion, compared to $2.57 billion in 2014. Annual revenue was negatively impacted 8 percent by a strengthened U.S. dollar. Earnings per share for 2015 were $2.25, compared to $3.11 in 2014.
“We generated sequential business improvement in the fourth quarter as we continued introducing our newest ageLOC products,” said Truman Hunt, president and chief executive officer. “We began initial sales of our ageLOC Youth nutritional supplement in the Americas region in the
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Nu Skin Expands Its ageLOC Product Line
by Nicole Dunkley • • 0 Comments
Nu Skin Enterprises, Inc. announced at its global sales convention the expansion of the company’s flagship anti-aging brand, ageLOC®, which has generated more than $5 billion in global sales since its introduction in 2008.
The two new products include ageLOC Me, a unique anti-aging skin care system that provides a personalized daily regimen based on individual preferences and skin care needs, and ageLOC Youth, the company’s most advanced anti-aging supplement, which helps revitalize the body’s aging defense mechanisms to promote healthy aging.
“These two new products represent Nu Skin’s unique balance in both skin care and nutrition, capitalizing on our ability to provide consumers with product solutions that address the full spectrum of anti-aging,” said Truman Hunt, chief executive officer. “Our research and development team, as well as our product marketing group, have
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Nu Skin Announces Plans To Launch In Chile
by Nicole Dunkley • • 0 Comments
Nu Skin Enterprises Inc. has announced plans to strengthen its presence in Latin America with the upcoming launch of operations in Chile.
The market officially will open on Nov. 2 with a kickoff event in Santiago, Chile. The Utah-based company plans to introduce some of its leading personal-care products, followed by a selection of its Pharmanex nutritional offerings in 2016.
“Chile has become a strong direct selling market in Latin America, and we are optimistic it will be part of our continued growth in this region,” Truman Hunt, Nu Skin President and CEO, said in a statement. “We have built a healthy business in Latin America, and we look forward to introducing our scientifically advanced personal-care products to consumers in this market.”
Latin America holds considerable potential for today’s direct selling companies. Five markets in
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Nu Skin Appoints Ryan Napierski As President Of Global Sales
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced the appointment of Ryan Napierski as president of global sales and operations.
Napierski, a 20-year Nu Skin veteran, succeeds Dan Chard in the position, who is departing to pursue other business interests.
“With every promotion or new assignment over the years, Ryan has proven himself an able leader and has met each new challenge with excellence,” said Truman Hunt, president and chief executive officer. “I have every confidence that Ryan has the right experience and expertise to lead Nu Skin’s global sales organization.
While we are pleased to welcome Ryan back to our U.S. headquarters, I want to acknowledge Dan’s significant contributions to our company. On behalf of everyone at Nu Skin, we thank Dan for his years of service and wish him all the
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Nu Skin Q2 Revenue Down 13.8% To $560 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced second-quarter results with revenue of $560.2 million compared to $650.0 million in the prior-year period.
Revenue in the quarter was negatively impacted 7 percent by foreign currency fluctuations. Revenue in the second quarter of 2014 included $76 million in limited-time offer product sales, while there were no significant limited-time offers during the second quarter of 2015. Earnings per share for the quarter were $0.75, compared to $0.32 in the prior-year period which included a $50 million inventory write-down and a $25 million foreign currency charge related to Venezuela.
“We are pleased the business performed at the high end of our expectations for the second quarter,” said Truman Hunt, president and chief executive officer.
“Additionally, we are encouraged by growth in the number of sales leaders
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Nu Skin Receives Approval For Additional City In China
by Nicole Dunkley • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE:NUS) recently announced it has received approval from China’sMinistry of Commerce for the company to commence direct selling activities in Shaoxing City in Zhejiang Province.
Nu Skin is now licensed in 30 cities in 19 provinces and municipalities. The licensing process included a review of the company’s operations.
According to the Shaoxing City government, the city’s population was more than 6 million in 2013.
“We believe the government’s approval of our application is a reflection of our ongoing commitment to work cooperatively with China to ensure healthy, long-term growth of our business,” said Truman Hunt, president and chief executive officer. “We believe in the potential of China’s large and growing market and look forward to expanding our footprint in the country.”
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Nu Skin Q4 Revenue Down From $1.06 Billion To $609 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth-quarter results with revenue of $609.6 million, the top end of the company’s guidance, compared to $1.06 billion in the prior-year period.
Revenue in the fourth quarter of 2013 was augmented by $350 million in limited-time offer sales of the ageLOC TR90 weight management system. Revenue for the quarter was negatively impacted 4 percent by foreign currency fluctuations.
Earnings per share for the quarter were at the top end of guidance at $0.77, versus $2.02 in the prior-year period. Earnings per share for the quarter were negatively impacted $0.08 by prepayment fees associated with the refinancing of the company’s debt, and $0.06 by foreign currency translation expense.
The company reported full-year 2014 revenue of $2.57 billion, a 19 percent year-over-year decline. Annual revenue was negatively impacted 3 percent by foreign currency fluctuations. Earnings per share for the year were $3.11 compared to $5.94 in 2013.
“Our business performed as we expected for the quarter, and we look forward to a solid 2015,” said Truman Hunt, president and chief executive officer.
“As we review the year, three factors impacted our results. First, our year-over-year comparisons were especially challenging considering that we were lapping a $550 million
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Nu Skin Q3 Revenue Down 30% To $638 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced third-quarter results with revenue of $638.8 million, the top end of the company’s prior guidance and a 30 percent decline from the prior-year period.
Comparable revenue in the third quarter of 2013 included $203 million in sales from the company’s limited-time introduction of its ageLOC® TR90® weight management system.
Revenue for the third quarter of 2014 was negatively impacted three percent by foreign currency fluctuations. Earnings per share for the quarter were $1.12, ahead of expectations, versus $1.80 in the prior-year period.
“We made significant progress during the third quarter,” said Truman Hunt, president and chief executive officer.
“We believe our business in China is stabilizing as we are seeing improving trends in the early sales leader pipeline, we strengthened our capital structure and balance sheet flexibility, we are making good progress in our product development efforts, and we generated positive operating cash flow.
We have also seen continued enthusiasm among our sales force at recent sales leader conventions in our South Asia/Pacific, Greater China and Americas regions.
“Our sales results are heavily impacted by our product launch schedule. Last year’s second-half launch, which generated approximately $550 million in sales, provides a difficult year-over-year