Nu Skin Enterprises, Inc. reports developments tied to its beauty and wellness business, affiliate opportunity platform and international market operations. Company updates commonly cover quarterly revenue and earnings, customer, paid affiliate and sales leader trends, dividend declarations, cost discipline and product commercialization across Nu Skin personal care, Pharmanex nutrition and ageLOC anti-aging brands.
Recurring news also includes the rollout of Prysm iO, an intelligent wellness platform that uses skin scans to provide antioxidant-related insights, and activity at Rhyz, the company’s strategic investment arm for consumer, technology and manufacturing businesses in beauty, wellness and lifestyle categories. Leadership appointments and operating-structure changes are also part of the company’s public updates.
Nu Skin Enterprises will have President and CEO-elect Ryan Napierski and CFO Mark Lawrence present at the Jefferies Virtual Consumer Conference on June 22, 2021. They will discuss the rise of social commerce and the gig economy, focusing on how their company empowers individuals. The presentation is set to start at 2:40 p.m. ET and will be available via live webcast on their Investor Relations page. The archive will be accessible until July 6, 2021.
On June 2, 2021, Nu Skin Enterprises (NYSE: NUS) announced the election of two new board members: Ryan S. Napierski, CEO-elect and current president, and Emma S. Battle, founder of Market Vigor. Napierski succeeds Ritch Wood, who will retire on September 1, 2021, after 30 years with the company. Napierski's experience includes leadership roles in global sales and operations. Battle brings extensive digital marketing expertise. The board emphasizes the importance of diversity and looks forward to leveraging the fresh perspectives of the new members.
Nu Skin, headquartered in Provo, Utah, has garnered three prestigious awards for its innovative beauty and skincare products. The ageLOC Boost device won a Bronze Level at the Edison Awards in the Advanced Skincare category, recognized for its advanced technology and design. The ageLOC LumiSpa was awarded the Best Cleansing Device by NewBeauty for the second consecutive year. Additionally, the Nutricentials To Be Clear Cleansing Gel was a finalist in the Pure Beauty Global Awards. These accolades reflect Nu Skin's commitment to product innovation and sustainable practices.
Nu Skin Enterprises reported record Q1 2021 revenue of $677.0 million, a 31% increase, with EPS rising 153% to $0.91. The company saw a 34% increase in customers, totaling 1,517,260, and a 22% rise in sales leaders to 60,619. Improved geographic balance and strong performance in the West contributed to these results. The company announced a Q2 revenue forecast of $680 to $705 million and increased its full-year guidance to $2.80 to $2.87 billion.
Nu Skin Enterprises, Inc. (NYSE: NUS) has declared a quarterly cash dividend of $0.38 per share, set for payment on June 9, 2021. Shareholders on record as of May 28, 2021 will receive this dividend. Founded over 35 years ago, Nu Skin focuses on innovative consumer products and controlled environment agriculture technology through a global network. The company aims to empower sustainable solutions and enhance wellness and beauty.
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).