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Nu Skin Reports Record Q4, Annual Financial Results
Posted: February 2, 2012
Nu Skin Enterprises, Inc. announced record fourth quarter and annual results, with revenue for the quarter at $495.3 million, a 23% improvement over the prior year. Quarterly revenue was positively impacted 2% by foreign currency fluctuations. The company also reported annual revenue of $1.74 billion, a 13% year-over-year improvement. Annual revenue was positively impacted 6% by foreign currency fluctuations.
“We are extremely pleased with our quarterly and 2011 results,” said Truman Hunt, president and CEO. “By all measures, 2011 was a record year. We’re also optimistic that our momentum will continue into 2012 as we roll out our latest product innovations globally. Our ageLOC super-class of anti-aging products continues to be a growth catalyst as demonstrated by tremendously successful limited-time offers of the ageLOC Galvanic Body Spa and ageLOC R² in the fourth quarter. In addition to the energy surrounding ageLOC, we are pleased with growth in the sales force, particularly in the greater China and South Asia/Pacific regions, as well as in South Korea. Additionally, based on our 2011 growth and strong balance sheet, we are raising our quarterly dividend by 25%.”
In North Asia, the company’s fourth quarter revenue grew 13% to $204.3 million, compared to $180.6 million for the same period in 2010. Revenue was positively impacted 4% by foreign currency fluctuations. Local currency revenue increased 49% in South Korea, offsetting an 8% local-currency decline in Japan. The number of executive and active distributors in the region increased 4% and 3%, respectively, compared to the prior year.
Revenue in Greater China improved 66% to $110.6 million for the quarter, and was positively impacted 3% by foreign currency fluctuations. The executive distributor count in the region increased 47% and the number of active distributors improved 21%.
Revenue in the South Asia-Pacific was $65.2 million for the fourth quarter, a 27% improvement over the prior year. Currency negatively impacted results by approximately 1%. The region’s fourth-quarter executive count improved 43%, while the active distributor count increased 18%.