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