07.26.12
Nu Skin Enterprises, Inc. announced record second-quarter results with revenue of $593.2 million, a 40 percent improvement over the prior-year period. Revenue was negatively impacted two percent from foreign currency fluctuations. Earnings per share for the quarter increased 45 percent to $0.94, compared to $0.65 in the prior year.
"Once again, we are pleased to announce record quarterly results, highlighted by the most successful regional product launch in our history that boosted revenue by more than 150 percent in Greater China and 66 percent in South Asia," said Truman Hunt, president and chief executive officer. "The tremendous launches of our latest ageLOC products generated approximately $165 million in product orders, with $140 million reported in revenue during the quarter and the balance to be shipped in the third quarter. Our product innovation is energizing our customer base and sales force, as demonstrated by strong growth in both our actives and executive distributors.”
Emerging markets, particularly China and South Asia, will continue to drive healthy overall growth rates. He noted while emerging markets continue to drive significant growth, the company is pleased with results in mature markets during the second quarter. "We are confident that the planned product launches during the back half of 2012, combined with the growing interest in our compelling product pipeline will sustain healthy growth. Since launching the ageLOC platform in 2009, we have generated over $1.4 billion in product sales with this brand. And we are confident that the best of ageLOC is yet to come,” he said.
Based on the strong second-quarter results and the healthy growth trends, the company significantly increasing its 2012 revenue and earnings guidance, said Ritch Wood, chief financial officer. "We project 2012 revenue to be in the $2.00 to $2.03 billion range with earnings per share of $3.16 to $3.24. This guidance reflects an anticipated negative foreign currency impact of 4 percent in the second half of 2012.
The company's management will host a webcast with the investment community on today, at noon (EDT). The financial information presented during the call will also be archived on Nu Skin Enterprises' website, http://ir.nuskin.com.
"Once again, we are pleased to announce record quarterly results, highlighted by the most successful regional product launch in our history that boosted revenue by more than 150 percent in Greater China and 66 percent in South Asia," said Truman Hunt, president and chief executive officer. "The tremendous launches of our latest ageLOC products generated approximately $165 million in product orders, with $140 million reported in revenue during the quarter and the balance to be shipped in the third quarter. Our product innovation is energizing our customer base and sales force, as demonstrated by strong growth in both our actives and executive distributors.”
Emerging markets, particularly China and South Asia, will continue to drive healthy overall growth rates. He noted while emerging markets continue to drive significant growth, the company is pleased with results in mature markets during the second quarter. "We are confident that the planned product launches during the back half of 2012, combined with the growing interest in our compelling product pipeline will sustain healthy growth. Since launching the ageLOC platform in 2009, we have generated over $1.4 billion in product sales with this brand. And we are confident that the best of ageLOC is yet to come,” he said.
Based on the strong second-quarter results and the healthy growth trends, the company significantly increasing its 2012 revenue and earnings guidance, said Ritch Wood, chief financial officer. "We project 2012 revenue to be in the $2.00 to $2.03 billion range with earnings per share of $3.16 to $3.24. This guidance reflects an anticipated negative foreign currency impact of 4 percent in the second half of 2012.
The company's management will host a webcast with the investment community on today, at noon (EDT). The financial information presented during the call will also be archived on Nu Skin Enterprises' website, http://ir.nuskin.com.
