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Q4 Sales Soar at Nu Skin

Source:Happi     Date:2013-01-22
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Nu Skin Enterprises, Inc. expects fourth-quarter revenue of approximately $588 million, representing growth of 19% over the prior year. The impact of foreign currency exchange on revenue will be negligible for the quarter. Earnings per share are estimated to be from $0.94 to $0.96. The company will provide full details on its fourth-quarter results when it reports earnings on Feb. 6, 2013.

“Our business continues to perform very well,” said Truman Hunt, president and chief executive officer. “When we forecasted results for 2012, we knew that we faced a difficult fourth-quarter comparison as a result of recognizing approximately $90 million of revenue from our product launch in the fourth quarter of 2011. However, as a result of the dedicated efforts of our sales leaders and corporate personnel around the world, revenue growth will be 19 percent in the fourth quarter, surpassing prior revenue guidance by $58 million.”

The company’s estimated revenue for 2012 rose 24% to $2.17 billion, marking the company’s fifth consecutive record year. Earnings growth is anticipated to be approximately 30%. In addition, the company repurchased $200 million of its stock during the year, approximately 7% of total shares outstanding. The company also recently announced its intention to significantly increase its dividend payment by 50% beginning with the first dividend in 2013, resulting in an increase of 140% in dividend payout over the last three years.

“We continue to believe that 2013 will be yet another record year. As forecasts become clearer for our ageLOC weight management launch in the back half of 2013, we look forward to updating the market on our full-year guidance. We see great enthusiasm building for this launch, reinforcing our forecast for strong results,” concluded Hunt.

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