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Nu Skin Banks on Upcoming Launches

May 7, 2015

Sales slip in Q1 but expands distribution.

Nu Skin Enterprises, Inc. posted first quarter results with revenue that fell 7% to $543.3 million—but the company is optimistic about the rest of the fiscal year in regards to its new launches.
 
"Our business continues to make good progress as we prepare to introduce a number of new products in the second half of the year," said Truman Hunt, president and chief executive officer. "We are encouraged by growing enthusiasm among our sales force in advance of launching our new ageLOC skin care and nutritional products. While currency headwinds proved to be slightly more challenging than expected, we continue to believe we are well positioned for growth in the back half of the year."
 
"We are also pleased to have been approved to commence direct selling activities in two new cities in Guangdong province," continued Hunt. "We believe in the potential of China's large and growing market and look forward to expanding our footprint in the country."
 
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