Nu Skin Enterprises, Inc. has announced second-quarter 2016 revenue of $600.5 million, compared to $560.2 million in the prior-year period. Quarterly revenue improved 7%, or 10% on a constant-currency basis.
"We are pleased with our second-quarter results and remain optimistic about the future as we continue to introduce our latest ageLOC products," said Truman Hunt, president and chief executive officer. "During the quarter, we held significant product introduction events in South Asia/Pacific and Greater China, generating revenue growth of 36 and 18 percent, respectively. We are also encouraged with the increase in sales leaders during the quarter, a reflection of the strength of our product launches."
"We are excited for Simon to join our board as he brings valuable expertise in helping global companies realize their growth potential in China."
"We are pleased with our results this quarter and are raising our revenue guidance for the year to $2.20 to $2.24 billion, assuming a negative foreign currency impact of 2 to 3 percent," said Ritch Wood, chief financial officer. "For the third quarter, we project revenue of $560 to $580 million including a negative currency impact of 1 to 2 percent."
Meanwhile, Nu Skin Enterprises, Inc. has appointed Simon Shen, a representative of the Ping An ZQ China Growth Limited investment group, to Nu Skin's board of directors.
"We are excited for Simon to join our board as he brings valuable expertise in helping global companies realize their growth potential in China," said Steven J. Lund, executive chairman of the board. "Simon shares our excitement for the long-term prospects for Nu Skin globally, and particularly in China."