Nu Skin Enterprises, reported revenue of $571.30 million for the quarter, compared to analysts expectations of $581.91 million.The company’s revenue was down -10.6% compared to the same quarter last year. During the same quarter in the previous year.
“With the introductions of ageLOC Me and ageLOC Youth, we are beginning a new business cycle that we believe will drive meaningful growth,” said Hunt.
“Based on the successful third-quarter introduction of ageLOC Youth in South Asia/Pacific, we anticipate positive global momentum from the introduction of these new products to continue in the fourth quarter and throughout 2016.
“Our balance sheet is strong, with a solid net-cash position. We are generating healthy cash flow and plan to use it to improve shareholder value, as demonstrated by today’s announcement of an increase in the company’s stock
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NuSkin 2015 Q2 – Down 7% To $560.2 Million
by Nicole Dunkley • • 0 Comments
US direct selling cosmetics company Nu Skin Enterprises has made its intention for the second half of 2015 plain and clear – a return to revenue growth.
Despite the company generating revenue of $560.2m in Q2 2015, down on the $650m it made in the same period in 2014, it was acknowledged that revenue was negatively impacted 7% by foreign currency fluctuations. The company’s President and CEO, Truman Hunt, said he was “pleased with the direction of the business” and confirmed that the company anticipates a return to revenue growth in the second half of the year.
Looking at all of Nu Skin’s active markets, there were declines across the board in both Q2 and half year revenue results. However, on a constant currency basis, the Americas did manage a 5% increase in revenues
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DSA Announces ETHOS Awards
by Ramya Chandrasekaran • • 0 Comments
The American Direct Selling Association capped its annual meeting in San Antonio with this year’s ETHOS Awards at a Gala on Tuesday evening. The event revealed the winners of this year’s ETHOS Awards in 7 categories, as well as a new inductee into the DSA Hall of Fame.
Each year, the ETHOS Awards recognize a handful of DSA member companies for implementing programs that empower their sales force and bring greater awareness and understanding of direct selling to the general public. A panel of industry leaders and outside experts judges the entries with a focus on excellence, creativity and innovation.
Last month the DSA announced the ETHOS sub-category winners across seven categories. From those finalists, a panel of industry leaders and outside experts narrowed the selections on the criteria of excellence, creativity and innovation.
Recipients of this