Breaking News

Investors Flock To Nu Skin

July 16, 2013

Shares hit new highs.

The good times continue for Nu Skin. The company said late Tuesday that it expects to earn about $1.20 per share on $680 million in revenue for the second quarter. That's up from its previous earnings forecast of between 91 cents per share and 95 cents per share in the quarter.


“Our second-quarter results reflect the strong momentum of our business,” stated Truman Hunt, president and chief executive officer. “After a record 2012 that included impressive ageLOC product launches in the second quarter, we continue to generate healthy gains throughout our global business, particularly in the Greater China, North Asia and Americas regions.
 


Nu Skin, which also raised its full-year earnings and revenue targets, will officially release second-quarter results on August 1. At that time, the company will provide updates on its expectations for the remainder of the year, which include the limited-time introduction of its  ageLOC TR90 weight management system in September and October.


"We continue to expect this product introduction to be the largest in our history and anticipate a net impact of approximately $380 to $400 million from TR90 sales in the second half of the year,” concluded Hunt.


As a result of that good news, Nu Skin's share price jumped 13% to $75.40 yesterday.

 

Related End-User Markets:

blog comments powered by Disqus
  • Cosmetic Chemists Head to Orlando Next Month

    Cosmetic Chemists Head to Orlando Next Month

    September 26, 2016
    Organizing Chair Guy Padulo explains why you should attend the IFSCC Congress.

  • Expanding Erbaviva

    Expanding Erbaviva

    Christine Esposito, Associate Editor||September 13, 2016
    A farm-to-bottle organic brand celebrates its 20th anniversary with a new look, new products and plans to expand in the US.

  • Lauder’s Latest Patents

    Lauder’s Latest Patents

    September 1, 2016
    A composition with NIR light emitting material, a skin care device and more awarded to this beauty business giant.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • How Green Is Your Surfactant?

    How Green Is Your Surfactant?

    Tom Branna, Editorial Director ||September 1, 2016
    Suppliers offer a range of solutions to help household and personal care product formulators develop formulas

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.