08.06.14
Nu Skin Enterprises, Inc. has announced second-quarter revenue of $650 million, a 3 percent decline over the prior-year period.
Truman Hunt, president and chief executive officer, commented:
"Our business performed in-line with our guidance for the quarter, with the exception of the China LTO, which occurred shortly after resuming our promotional efforts and did not meet our expectations. We are pleased, however, that we have seen key indicators in China stabilize since we began accepting new sales leader applications in May after a three-month voluntary cessation.
Moreover, we recently received a new direct selling license for Wenzhou, China, expanding our direct selling footprint in this important market.”
Hunt continued:
"We will continue to innovate in the dynamic anti-aging product category to drive growth in consumer demand as well as interest in Nu Skin's business opportunity. We are encouraged with our product development pipeline with important new offerings in both skin care and nutrition next year, which we believe will lead to renewed global growth in 2015 and drive enhanced value for our shareholders."
According to Rich Wood, Nu Skin’s chief financial officer, Nu Skin’s third-quarter revenue is estimated to be approximately $620 - $640 million, with earnings per share of 90 to 95 cents.
Truman Hunt, president and chief executive officer, commented:
"Our business performed in-line with our guidance for the quarter, with the exception of the China LTO, which occurred shortly after resuming our promotional efforts and did not meet our expectations. We are pleased, however, that we have seen key indicators in China stabilize since we began accepting new sales leader applications in May after a three-month voluntary cessation.
Moreover, we recently received a new direct selling license for Wenzhou, China, expanding our direct selling footprint in this important market.”
Hunt continued:
"We will continue to innovate in the dynamic anti-aging product category to drive growth in consumer demand as well as interest in Nu Skin's business opportunity. We are encouraged with our product development pipeline with important new offerings in both skin care and nutrition next year, which we believe will lead to renewed global growth in 2015 and drive enhanced value for our shareholders."
According to Rich Wood, Nu Skin’s chief financial officer, Nu Skin’s third-quarter revenue is estimated to be approximately $620 - $640 million, with earnings per share of 90 to 95 cents.
