07.01.22
Provo, UT
www.nuskin.com
Sales: $1.6 billion
Key Personnel: Ryan Napierski, CEO and president; Mark Lawrence, CFO and EVP; Connie Tang, EVP-chief global growth & customer experience officer; Joseph Y Chang PhD, EVP and chief scientific officer; Chayce Clark, EVP and general counsel; Steve Hatchett, EVP and chief product officer; Joe Sueper, SVP and chief technology officer; Ruth Todd, SVP, chief reputation officer; Charlene Chiang, regional president, East; Justin Keisel, president, Americas; Vicky Leevutinun PhD, president, southeast Asia & Pacific; Mikael Linder, president, EMEA
Major Products: AgeLoc and Epoch skin care
New Products: AgeLoc Meta and Beauty Focus Collagen+
Comments: Sales of beauty products fell 3%, but corporate sales rose more than 4% to nearly $2.7 billion. AgeLoc beauty products accounted for 48% of beauty revenue and 26% of total sales. Results benefitted from e-commerce growth, along with the successful launches of AgeLoc Meta and Beauty Focus Collagen+. Together, they added about $119 million to Nu Skin’s top line.
By region, Mainland China accounted for 21% of sales, followed by Americas (20%), South Korea (13%) and Southeast Asia/Pacific (13%), EMEA (11%), Japan (10%) and Hong Kong/Taiwan (6%). Sales in Mainland China fell 9% last year.
Ryan Napierski was named president on September 1, 2021.
For Q1 2022, sales fell 11% to about $605 million.
“We are pleased with our first quarter results, which exceeded guidance,” said Napierski. “Demand remained strong for our most recent product introductions, AgeLoc Meta and Beauty Focus Collagen+, and the momentum from these product launches helped drive strong revenue growth in several markets including the US, Taiwan and Southeast Asia. Our business in Mainland China and several other markets was disrupted due to severe covid-related lockdowns and other factors, and the conflict in Ukraine and Russia negatively impacted business throughout the EMEA.”
Looking ahead, in Q3, Nu Skin launches EmpowerMe, which is billed as a personalized beauty and wellness strategy with connected beauty devices.
www.nuskin.com
Sales: $1.6 billion
Key Personnel: Ryan Napierski, CEO and president; Mark Lawrence, CFO and EVP; Connie Tang, EVP-chief global growth & customer experience officer; Joseph Y Chang PhD, EVP and chief scientific officer; Chayce Clark, EVP and general counsel; Steve Hatchett, EVP and chief product officer; Joe Sueper, SVP and chief technology officer; Ruth Todd, SVP, chief reputation officer; Charlene Chiang, regional president, East; Justin Keisel, president, Americas; Vicky Leevutinun PhD, president, southeast Asia & Pacific; Mikael Linder, president, EMEA
Major Products: AgeLoc and Epoch skin care
New Products: AgeLoc Meta and Beauty Focus Collagen+
Comments: Sales of beauty products fell 3%, but corporate sales rose more than 4% to nearly $2.7 billion. AgeLoc beauty products accounted for 48% of beauty revenue and 26% of total sales. Results benefitted from e-commerce growth, along with the successful launches of AgeLoc Meta and Beauty Focus Collagen+. Together, they added about $119 million to Nu Skin’s top line.
By region, Mainland China accounted for 21% of sales, followed by Americas (20%), South Korea (13%) and Southeast Asia/Pacific (13%), EMEA (11%), Japan (10%) and Hong Kong/Taiwan (6%). Sales in Mainland China fell 9% last year.
Ryan Napierski was named president on September 1, 2021.
For Q1 2022, sales fell 11% to about $605 million.
“We are pleased with our first quarter results, which exceeded guidance,” said Napierski. “Demand remained strong for our most recent product introductions, AgeLoc Meta and Beauty Focus Collagen+, and the momentum from these product launches helped drive strong revenue growth in several markets including the US, Taiwan and Southeast Asia. Our business in Mainland China and several other markets was disrupted due to severe covid-related lockdowns and other factors, and the conflict in Ukraine and Russia negatively impacted business throughout the EMEA.”
Looking ahead, in Q3, Nu Skin launches EmpowerMe, which is billed as a personalized beauty and wellness strategy with connected beauty devices.