Source: PR Newswire 2/6/2008

Nu Skin Reports Fourth Quarter Results

PROVO, Utah, Feb. 6 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. today reported fourth-quarter revenue of $306.1 million, a 6 percent improvement over the prior-year period and ahead of company guidance. Fourth-quarter net income and earnings per share were $5.9 million and $0.09, compared to $15.9 million and $0.23 during the same quarter of 2006. Fourth-quarter earnings per share were negatively impacted by planned restructuring charges of $17.0 million, or $0.17 per share. Revenue for the quarter was positively impacted 3 percent by foreign currency fluctuations.

"Concluding 2007 with good momentum sets the stage for Nu Skin Enterprises to generate record results in 2008," said Truman Hunt, president and chief executive officer. "During the fourth quarter, we continued to see promising growth trends in South Korea, the United States, Europe, Hong Kong and South East Asia. In China, we recently received approval to operate a direct selling model in all of the districts of Beijing and Shanghai, helping establish a good foundation for future growth in this market. In Japan, revenue met our expectations as the sales force responded positively to our sales promotions and marketing initiatives, which included the restaging of our Galvanic Spa System product.

"During the quarter, we also successfully executed phase two of our restructuring plan, including significant simplification of our operating infrastructure in China. These efforts are targeted to help us achieve our operating margin objective of 10.5 percent for 2008," said Hunt.

View Nu Skin Enterprises Review

Related News

  • Nu Skin Celebrates Global Humanitarian Efforts with 12th Annual Force For Good Day
    PROVO, Utah, June 4, 2015 -- Nu Skin Enterprises, Inc. is celebrating its annual Force for Good Day with a number of humanitarian projects focused on improving the lives of children around the world.

    "Nu Skin's annual Force for Good Day celebration has become a tradition where our global empl...  Read More...

  • Nu Skin Announces Launch Of Epoch Essential Oils
    PROVO, Utah, March 3, 2015 -- Nu Skin Enterprises, Inc. today announced the upcoming introduction of Epoch® Essential Oils in the United States, Canada and Latin America. Nu Skin also plans to introduce essential oils in China and Europe later this year. The essential oils can be used topically or ...  Read More...
  • Nu Skin Shares Fall On China News Claims
    January 18, 2014--Nu Skin's stock fell more than 40% this week after a scathing story in China's state-run People's Daily compared Nu Skin's training methods for new sales reps to "brain washing" and suggested it operates an illegal pyramid scheme. The article also said China's State Administration ...  Read More...
  • Nu Skin Receives Awards For Growth And Innovation
    PROVO, Utah, Nov. 11, 2013 -- Nu Skin Enterprises today announced it has received several prestigious awards recognizing the company's business performance, management team and product innovation. The company's most recent accolades come from The Golden Bridge Awards and The Consumer World Awards. <...  Read More...


Nu Skin Enterprises News Archive

New Companies on Npros

Receive News and
Updates from

 Send me news updates
 Send me New Companies

RSS Npros News Feed