Source: Press Release 10/31/2012

Nu Skin Reports Record Third Quarter 2012 Results

PROVO, Utah, Oct. 31, 2012 -- Nu Skin Enterprises, Inc. today announced record third-quarter results with revenue of $526.2 million, a 23 percent improvement over the prior-year period. Revenue was negatively impacted 3 percent from foreign currency fluctuations. Earnings per share for the quarter were $0.87, a 21 percent year-over-year improvement. Additionally, the company announced that it is increasing its full-year 2012 revenue guidance to $2.11 billion, a 21 percent growth rate over 2011.

"By continuing to execute on our business strategy, we were able to generate another record quarter, putting us on track to reach a milestone of more than $2 billion in annual revenue in 2012," said Truman Hunt, president and chief executive officer. "The quarter was highlighted by healthy trends in all of our regions, strong demand for our anti-aging products and growth in our customer base and sales force.

"We were particularly pleased with local-currency growth in Japan and South Korea. This growth reflects increased distributor activity in anticipation of the October limited-time-offer of our ageLOC Body Spa and related products. Our South Asia/Pacific and Greater China regions generated solid local-currency growth of 53 and 64 percent, respectively. The Americas and Europe regions also reported healthy gains with approximately 20 percent year-over-year local-currency growth," continued Hunt.

"Building on our momentum, we held successful regional conventions in the United States, Japan and Europe in the month of October. We are encouraged by the sales activity we are experiencing in both emerging and more mature markets and we expect to continue to sustain growth in 2013. We also continue to improve the execution of our product launches, strengthen our future product pipeline, and generate healthy growth throughout the world."

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