Nu Skin Enterprises (Provo, Utah) has announced first-quarter revenue of $543.3 million, compared to $671.1 million in the prior-year period. Revenue in the quarter was negatively impacted by foreign currency fluctuations.
The company’s operating margin for the quarter was 12.6 %, compared to 15.1 percent in the first quarter of 2014. Gross margin during the quarter was 80.7%, versus 84.1% in the prior-year period.
Looking ahead, the company forecasts continued revenue growth and positive impacts from the launch of its ageLOC anti-aging skin care system. The company has also launched its essential oil line, Epoch.
“Our business continues to make good progress as we prepare to introduce a number of new products in the second half of the year,” said Truman Hunt, president and CEO. “We are encouraged by growing enthusiasm among our sales force in advance of launching our new ageLOC skin care and nutritional products. While currency headwinds proved to be slightly more challenging than expected, we continue to believe we are well positioned for growth in the back half of the year.”
Hunt continued, “We are also pleased to have been approved to commence direct selling activities in two new cities in Guangdong province. We believe in the potential of China’s large and growing market and look forward to expanding our footprint in the country.”