05.08.14
Nu Skin Enterprises, Inc. has announced record first-quarter results with revenue of $671.1 million, a 24 percent improvement over the prior-year period.
Revenue was negatively impacted 4 percent by foreign currency fluctuations. Earnings per share for the quarter were $1.05, representing a 17 percent year-over-year improvement.
Truman Hunt, president and chief executive officer, commented:
“We are pleased to report record first-quarter results, generating year-over-year growth in all five of our regions. Our results are particularly encouraging given the business disruption we experienced in China during the first quarter, as well as currency headwinds we faced in many markets. With respect to China, our team took aggressive, proactive steps to address media and regulatory concerns in a timely manner. While these first-quarter events in China will have a negative impact on 2014 results, we are now focused on generating sustainable, long-term growth.”
Revenue was negatively impacted 4 percent by foreign currency fluctuations. Earnings per share for the quarter were $1.05, representing a 17 percent year-over-year improvement.
Truman Hunt, president and chief executive officer, commented:
“We are pleased to report record first-quarter results, generating year-over-year growth in all five of our regions. Our results are particularly encouraging given the business disruption we experienced in China during the first quarter, as well as currency headwinds we faced in many markets. With respect to China, our team took aggressive, proactive steps to address media and regulatory concerns in a timely manner. While these first-quarter events in China will have a negative impact on 2014 results, we are now focused on generating sustainable, long-term growth.”
