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Q2 Sales Slip at Nu Skin



Published August 6, 2014
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Q2 Sales Slip at Nu Skin

Nu Skin Enterprises, Inc. posted a 3% decline in second-quarter revenue to $650.0 million. Revenue was negatively impacted 2 percent by foreign currency fluctuations, said the company.
 
"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," said Truman Hunt, president and chief executive officer. "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.
 
"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."
 
The company is celebrating its 30th anniversary, as previously reported in Happi.


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