Breaking News

Nu Skin Posts Q1 Results

May 7, 2014

Growth in all regions, says company.

Nu Skin Enterprises, Inc. posted first-quarter results with revenue rising 24% to $671.1 million.
 
“We are pleased to report record first-quarter results, generating year-over-year growth in all five of our regions,” said Truman Hunt, president and chief executive officer. “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.”
 
In Greater China, first-quarter revenue increased 63% to $278.9 million. North Asia rose 5% to $195.5 million. South Korea generated local-currency revenue growth of 38%, while Japan local-currency revenue declined 14%. The number of sales leaders in the region was up 7% and the number of actives improved 11%.
 
Revenue in the Americas improved 6% to $79.9 million. South Asia/Pacific rose 6% to $71.2 million. The EMEA region climbed 9% to $45.6 million.

“Because we are only a few days into the recommencement of promotional activities in China, it is difficult to forecast how the business will perform,” said Ritch Wood, chief financial officer. “Ideally, we would have more time to monitor the direction of the business in China before providing updated guidance. That said, our current estimate of second-quarter revenue would be around $700 million.”
 
  • Patent Activity: Colgate-Palmolive

    Patent Activity: Colgate-Palmolive

    December 6, 2016
    New oral care compositions, the use of radish root ferment filtrate in a cleanser and more.

  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Slow & Steady

    Slow & Steady

    Tom Branna, Editorial Director||December 1, 2016
    In a tumultuous environment, steady gains posted in the industrial and institutional cleaning sector are welcomed.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna, Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.