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
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Nu Skin Expects 20,000 Attendees At Hong Kong Convention
by Ted Nuyten • • 0 Comments
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.”
About Nu Skin Enterprises, Inc.
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