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
Investors — Scott Pond (801) 345-2657, firstname.lastname@example.org
Media — Kara Schneck (801) 345-2116, email@example.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.
Additionally, 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.
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.
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’.