MLM Financial News: Nu Skin Releases 2nd Quarter Results, New Product Rollout & Higher Revenues

MLM Financial

A couple of days ago, Nu Skin released their second-quarter results, and the future is still very promising for the company shareholders and the distributors. I find this very positive, since it seems we are still watching the short-sellers try and discredit publicly traded direct selling companies.

 

FOR IMMEDIATE RELEASE

CONTACTS:

Investors — Scott Pond (801) 345-2657, spond@nuskin.com
Media — Kara Schneck (801) 345-2116, kschneck@nuskin.com

 

 

NU SKIN ENTERPRISES UPDATES SECOND-QUARTER RESULTS AND RAISES 2013 GUIDANCE

Company announces date for full second-quarter earnings

 

PROVO, Utah — July 9, 2013 — Nu Skin Enterprises, Inc. (NYSE: NUS) today announced a significant increase to estimated revenue and earnings per share for the second quarter of 2013. Revenue is now estimated to be about $680 million, with estimated earnings per share of approximately $1.20. Foreign currency fluctuations negatively impacted second-quarter revenue by approximately 3 percent.  Prior revenue guidance was $570 to $580 million, with earnings per share guidance of $0.91 to $0.95.

 

Nu SkinAdditionally, the company announced that it is increasing its full-year 2013 revenue guidance by $320 million to $2.83 to $2.86 billion, including a negative 5 percent impact from foreign currency fluctuations. The company now expects 2013 earnings to be $4.85 to $5.00 per share.

“Our second-quarter results reflect the strong momentum of our business,” stated Truman Hunt, president and chief executive officer. “After a record 2012 that included impressive ageLOC product launches in the second quarter, we continue to generate healthy gains throughout our global business, particularly in the Greater China, North Asia and Americas regions.

 

“We look forward to sharing full second-quarter results with our shareholders on Aug. 1 during our quarterly conference call. In addition, we will provide updates on our expectations for the remainder of the year, which include the limited-time introduction of our new ageLOC TR90 weight management system in September and October. We continue to expect this product introduction to be the largest in our history and anticipate a net impact of approximately $380 to $400 million from TR90 sales in the second half of the year,” concluded Hunt.

Nu Skin will release its full second-quarter 2013 results prior to the market opening on Thursday, Aug. 1. The Nu Skin management team will host a conference call with the investment community later that same day beginning at 11 a.m. (EDT). The webcast of the conference call, including the financial information to be presented, will be available on the investor section of the company’s web site at www.nuskin.com. A replay of the webcast will be available at the same location through Aug. 15, 2013. (Click Here To Read Full Press Release)

Over at Cosmetics Design, Simon Pitman also wrote an opt-ed piece which shares some additional details. What I found interesting in his piece is where the bulk of Nu Skin’s revenues come from.

Simon-PITMAN_dnm_author_pict

Although the company is headquartered in the US and a global player, most of its revenues are derived from the Asia Pacific region, and more specifically the China market, where it has ridden a wave of strong growth in the cosmetics and personal care category.

Cosmedics Design

The Utah-based skin care and nutritional supplements provider said that it was anticipating a ‘significant increase to estimated revenue and earnings per share for the second quarter of 2013’.

You can read Simon’s full editorial at Comedics Design by clicking here

 

 

 

MLM Financial Alert: Who Caused Herbalife’s Stock To Fall 20% – Greenlight Capital Founder David Einhorn

Herbalife

So many times we hear about folks on Wall Street who manipulate the financial markets in their favor. Well yesterday the network marketing community, especially Herbalife stockholders and distributors felt it first hand when David Einhorn asked some very amateur financial questions. However, since folks know he is very smart, they just figured he must know something they didn’t and dumped the Herbalife Stock. The good news… Today you can go buy the stock at a great price 🙂

Todd Falcone wrote a great aricle on the issue (read by clicking here)

What I want to cover is not so much the Herbalife Stock, but the fact a guy like David Einhorn, is allowed to talk at all.

Look at some of the issues surrounding David Einhorn:

David Einhorn Greenlight Capital

But before you go looking at the links, in all fairness I must put a link to Einhorn’s book where you can learn more about his side of things. (Click here to learn more about David Einhorn.)

Hedge-fund manager David Einhorn believes his public attack on Lehman Brothers wasn’t just about making money. So what was it about? – Source New York Magazine

Greenlight’s David Einhorn Quits New Century Board – source Bloomburg

Greenlight’s David Einhorn Ordered Insider Trades ‘Within Minutes’ of Tip – Source Bloomburg

Einhorn’s Greenlight Is Fined $11.2 Million by U.K. in Punch Insider Case – Source – Bloomburg