10.20.09
In advance of its 25th anniversary Global Convention, Nu Skin Enterprises has announced record quarterly revenue and earnings.
According to the company, revenue for the third quarter grew to $334.2 million, an 8% improvement over the prior-year period. Earnings per share are expected to be $0.39-$0.40 compared to $0.26 in the prior-year quarter. Earnings per share include $0.01 in planned restructuring charges related to Japan.
Revenue benefited 1% for the quarter from foreign currency fluctuations. Strong revenue results around the globe coupled with improving operating margins continue to drive record results, the company said.
“In a year full of milestones, it's fitting that the third quarter was our largest revenue quarter in company history,” said Truman Hunt, president and chief executive officer. “We continue to generate impressive results on both the top and bottom lines. Our local currency revenue growth accelerated to 7%, boosted by continued sales trend improvements in Japan and double-digit growth in South East Asia, South Korea, Mainland China, Europe and Latin America. Our North America business also performed well, reporting 7% growth. The approximately 50% improvement on the bottom line is a reflection of the terrific work our management teams have done around the world in streamlining the business over the past three years.”
Mr. Hunt continued, “All indications are that the upcoming launch of our ageLOC anti-aging skin-care product line will be our most significant new product launch ever.
Nu Skin, which will hold its 25th Anniversary Global Convention in Los Angeles later this week, will provide complete quarterly details on Oct. 29.
According to the company, revenue for the third quarter grew to $334.2 million, an 8% improvement over the prior-year period. Earnings per share are expected to be $0.39-$0.40 compared to $0.26 in the prior-year quarter. Earnings per share include $0.01 in planned restructuring charges related to Japan.
Revenue benefited 1% for the quarter from foreign currency fluctuations. Strong revenue results around the globe coupled with improving operating margins continue to drive record results, the company said.
“In a year full of milestones, it's fitting that the third quarter was our largest revenue quarter in company history,” said Truman Hunt, president and chief executive officer. “We continue to generate impressive results on both the top and bottom lines. Our local currency revenue growth accelerated to 7%, boosted by continued sales trend improvements in Japan and double-digit growth in South East Asia, South Korea, Mainland China, Europe and Latin America. Our North America business also performed well, reporting 7% growth. The approximately 50% improvement on the bottom line is a reflection of the terrific work our management teams have done around the world in streamlining the business over the past three years.”
Mr. Hunt continued, “All indications are that the upcoming launch of our ageLOC anti-aging skin-care product line will be our most significant new product launch ever.
Nu Skin, which will hold its 25th Anniversary Global Convention in Los Angeles later this week, will provide complete quarterly details on Oct. 29.