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Sales Slip at Nu Skin

Currency rates impact Q4 results.

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By: Tom Branna

Sales Slip at Nu Skin

Nu Skin is the latest FMCG company to lament the impact of a strong dollar. Fourth quarter sales fell from more than $609 million to about $572 million, but grew on a constant-currency basis. Earnings per share contracted 24%.

On the year, sales fell from more than $2.5 billion to $2.2 billion, due to the impact of a strong dollar.

“We generated sequential business improvement in the fourth quarter as we continued introducing our newest ageLOC products,” said Truman Hunt, president and chief executive officer. “We began initial sales of our ageLOC Youth nutritional supplement in the Americas region in the fourth quarter, generating a 16 percent year-over-year revenue improvement. This builds on the successful third-quarter introduction of ageLOC Youth in the South Asia/Pacific region.

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