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Nu Skin Enterprises Reports Record Q3 2009
Posted: November 2, 2009
Nu Skin Enterprises, Inc. announced record third-quarter revenue of $334.2 million, an 8% improvement over the prior-year period. Revenue in the period benefited 1% from foreign currency fluctuations. Earnings per share for the quarter were $0.40, a 54% improvement over the same quarter of 2008.
"We are really pleased with accelerated growth on both the top and bottom line," said Truman Hunt, president and CEO, Nu Skin Enterprises. "We are also optimistic about continued growth going forward. There are several reasons we expect continued strength in our business. First, our antiaging focus is tapping into a substantial market opportunity as consumers age, and as increasing numbers seek alternative income sources. Second, our product portfolio features highly differentiated and demonstrable skin care products today, and will expand into nutrition products next year. Third, our operating margin has consistently improved since we began restructuring our business in 2006. Our efforts to improve efficiency will continue to yield bottom-line improvements. Finally, our local currency revenue growth accelerated to 7%, boosted by continued sales trend improvements in Japan and double-digit growth in South Korea, Southeast Asia, Europe, Taiwan, mainland China and Latin America."
The full report, with breakdown by region, is available here.