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 was awarded multiple accolades at the 2020 U.S. Direct Selling Association (DSA) Virtual Awards Ceremony, including recognition for its sustainability initiatives and the Velocity sales performance plan. The company ranked among the DSA Top 25, highlighting its status as one of the largest members. President Ryan Napierski emphasized Nu Skin's commitment to sustainable practices and innovation. The company focuses on enhancing its environmental impact and offering flexible business opportunities through the Velocity plan. This recognition underscores its industry leadership and dedication to sustainability.
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Nu Skin Enterprises reported a strong Q3 2020, achieving 19% revenue growth to $703.3 million and 37% earnings per share (EPS) growth, reaching $1.08. The company raised its full-year guidance, anticipating $2.55 to $2.58 billion in revenue. Sales leaders grew by 12% to 68,516, while customer numbers surged 28% to over 1.5 million. The Americas, Pacific, and EMEA regions showed strong growth. The manufacturing segment excelled with 34% growth. Digital transactions now account for 90% of revenue, indicating a shift towards online commerce.
Nu Skin Enterprises, Inc. (NYSE: NUS) declared a quarterly cash dividend of $0.375 per share, payable on Dec. 9, 2020, to shareholders of record on Nov. 27, 2020. The company focuses on innovative consumer products and sustainable solutions, operating through a global network across various regions. Founded over 35 years ago, Nu Skin continues to enhance the beauty and wellness sector while driving sustainable practices.
Nu Skin President Ryan Napierski has been appointed Chairman of the Advocacy Committee for the World Federation of Direct Selling Associations (WFDSA). This three-year appointment aims to strengthen advocacy efforts for the direct selling industry. Napierski, who is also chair of the U.S. Direct Selling Association, brings extensive leadership experience to the role. The committee will address important industry issues, including reputation enhancement and women's empowerment. Nu Skin, active in industry advocacy, has senior management in leadership roles across various global direct selling associations.
Nu Skin Enterprises (NYSE: NUS) reported estimated third-quarter 2020 revenue between $700 million and $703 million, surpassing prior guidance of $605 million to $635 million. The growth was attributed to investments in a digital business model and an increase in customers and sales leaders during a period of heightened online activity. Digital transactions represented approximately 90% of sales. The company noted improved geographic balance, particularly in China, and anticipates a strong fourth quarter with upcoming product launches.
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On September 16, 2020, Nu Skin, based in Provo, Utah, announced its participation in global humanitarian efforts amid rising needs due to COVID-19. As part of its annual Force for Good Day, employees and sales leaders are supporting local communities with projects that include creating children's facemasks, educational kits, and meals for families in need. Globally, projects range from health education in Greater China to a blood drive in the Pacific. CEO Ritch Wood emphasized ongoing commitment to community support despite the challenges posed by the pandemic.
Nu Skin Enterprises reported Q2 2020 revenue of $612.4 million, a decline of 2% year-over-year, impacted by a 3% foreign exchange effect. Earnings per share for the quarter stood at $0.81, also down 2%. However, customer growth soared by 29%, indicating strong demand. The company raised its full-year revenue guidance to $2.37 to $2.45 billion, despite a forecasted 2-3% foreign currency impact. Digital sales accounted for over 85% of revenue, reflecting the effectiveness of their socially enabled business model.
Nu Skin Enterprises, Inc. (NYSE: NUS) has declared a quarterly cash dividend of $0.375 per share, scheduled for payment on Sept. 9, 2020. Shareholders of record as of Aug. 28, 2020 will receive this dividend, reflecting the company's commitment to return value to its shareholders. Established over 35 years ago, Nu Skin focuses on premium-quality beauty and wellness products, operating globally across multiple regions, including Asia, the Americas, Europe, Africa, and the Pacific.