11.18.10
In advance of its annual investor day, Nu Skin Enterprises, Inc. revealed its 2011 financial guidance, anticipating another record year with revenue increasing 5-7% to $1.60 to $1.63 billion. Earnings are expected to rise 10-15% to $2.25 to $2.35, while operating margin is projected to increase approximately 30 to 50 basis points. The company expects currency will positively impact revenue 1%.
"We are anticipating another strong year due to our ability to innovate across product platforms, business methods and distributor compensation programs," said Truman Hunt, Nu Skin president and chief executive officer. "The exclusive ageLOC product portfolio is generating healthy consumer demand and attracting more people to our distributor force. In 2011 we will continue to fuel the ageLOC momentum by introducing our scientifically advanced nutritional products to our already successful skin care line up. The Nu Skin ageLOC anti-aging platform represents a clear competitive advantage and provides plenty of room for sustainable growth in both the mid-to long-term."
Adding to the company's focus on generating value and long-term growth, Nu Skin's board of directors also approved a special performance-based option incentive for key members of management to achieve $4.00 per share by 2015.
"We are anticipating another strong year due to our ability to innovate across product platforms, business methods and distributor compensation programs," said Truman Hunt, Nu Skin president and chief executive officer. "The exclusive ageLOC product portfolio is generating healthy consumer demand and attracting more people to our distributor force. In 2011 we will continue to fuel the ageLOC momentum by introducing our scientifically advanced nutritional products to our already successful skin care line up. The Nu Skin ageLOC anti-aging platform represents a clear competitive advantage and provides plenty of room for sustainable growth in both the mid-to long-term."
Adding to the company's focus on generating value and long-term growth, Nu Skin's board of directors also approved a special performance-based option incentive for key members of management to achieve $4.00 per share by 2015.