Nu Skin Enter Stock Price, News & Analysis

On May 4, 2021, Grōv Technologies' Olympus Tower Farm received an Honorable Mention in the Food Category of Fast Company's 2021 World Changing Ideas Awards. The award recognizes innovation in addressing global challenges like climate change and food security. The Olympus Tower, occupying just 857 square feet, can produce 6,000 pounds of nutrient-rich feed daily while using less than 5% of the water needed by traditional agriculture. Grōv's recent sales agreements with dairies in Colorado and California further support its mission to enhance sustainable farming practices.

Nu Skin has appointed Connie Tang as executive vice president and chief global growth & customer experience officer, effective April 21, 2021. Tang brings extensive experience in transforming organizations to enhance customer-centricity and digital agility. She will oversee global markets with a focus on consumer growth and loyalty while leading a dedicated customer experience team. Ryan Napierski, CEO-elect, praised her leadership skills and commitment to diversity, equity, and inclusion. Tang has held significant roles in the beauty industry and has been recognized for her contributions to women leadership.

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Grōv Technologies has signed a definitive sales agreement with River Ranch Dairy to establish a sustainable indoor feed production center in California. This facility will utilize Grōv's automated vertical farming technology to produce HDN Superfeed, using less than 5% of the water required by traditional farming methods. The Olympus Tower Farm platform will enable the production of 6,000 pounds of feed daily, replacing 35-50 acres of farmland. The center aims to enhance animal health and productivity while addressing water scarcity challenges in agriculture.

Grōv Technologies has signed agreements with Hunter Ridge Dairy to construct ten Grōv Olympus Tower Farms in northeastern Colorado. This feed center will produce 60,000 lbs. of Grōv HDN Superfeed daily, utilizing less than 5% of the water needed for traditional farming, equating to the yield of 350-500 acres of fodder. The facility aims to enhance sustainability and resilience against climate disruptions. Groundbreaking is expected in spring 2021, with completion anticipated by early fall. Grōv Technologies is owned by Nu Skin Enterprises (NUS).

Nu Skin Enterprises (NUS) will release its first-quarter financial results on May 5, after market close. The management team will conduct a conference call at 5 p.m. ET to discuss the results and upcoming business initiatives. A webcast of the call will be available on the investor relations page of the company's website, with a replay accessible until May 19.

Founded 35 years ago, Nu Skin focuses on innovative consumer products and sustainable solutions, distributing wellness and beauty products globally.

Nu Skin has been recognized as the world's top brand for beauty device systems for four consecutive years by Euromonitor International. The company's innovative approach combines scientifically formulated serums with beauty devices, driving significant revenue growth in 2020 and expanding its customer base to over 1.5 million. Nu Skin's latest offerings, including the ageLOC Boost device, leverage unique technology to enhance skin health. With a commitment to the industry and a diverse portfolio, Nu Skin continues to lead in the rapidly growing at-home beauty device market.

Nu Skin Enterprises (NUS) reported a remarkable 28% revenue growth for Q4 2020, totaling $748.2 million, alongside a stunning 94% increase in earnings per share (EPS), reaching $1.40. For the entire year, revenues grew 7% to $2.58 billion, with EPS up 17% at $3.63. Looking ahead, the company forecasts 5-9% revenue growth and EPS of $3.80 to $4.10 for 2021. Strong customer growth at 34% and effective product launches supported the results. The company also plans to continue expanding its product pipeline and digital initiatives, enhancing shareholder value through stock buybacks and consistent dividends.

Nu Skin Enterprises (NUS) announced a leadership transition with Ryan Napierski becoming the next CEO, succeeding Ritch Wood, who will retire on September 1, 2021, after 30 years. Wood, who emphasized customer focus, sustainability, and innovation, will serve as an executive advisor until early 2022. Napierski, with 25 years at Nu Skin, has been president for the last four years and previously led global sales and operations. The board is confident in Napierski's capability to drive future growth and uphold the company's mission.