Nu Skin Enterprises News |
Nu Skin CEO to Leave Nu Skin Celebrates Global Humanitarian Efforts with 12th Annual Force For Good Day Nu Skin Announces Launch Of Epoch Essential Oils Nu Skin Shares Fall On China News Claims Nu Skin Receives Awards For Growth And Innovation Nu Skin Holds Record-Breaking Global Convention For more information on Nu Skin Enterprises including the company's current rank in our home business index, please click here. |
Nu Skin CEO to Leave |
Press Release | 12/7/2016 PROVO, Utah, Dec. 7, 2016 -- Nu Skin Enterprises today announced a senior management transition plan. Truman Hunt, who has served as the company's president and chief executive officer since 2003, has accepted a three-year leadership assignment for The Church of Jesus Christ of Latter-day Saints beginning in mid-2017.
The Nu Skin Board of Directors has announced that Ritch Wood will become the company's chief executive officer upon Hunt's departure, and Ryan Napierski will become the company's president. The company expects to name a successor to Wood as chief financial officer prior to his becoming chief executive officer.
"Truman has established a tremendous legacy at Nu Skin that we will continue to build upon going forward," said Steven J. Lund, chairman of the board. "Through Truman's leadership and vision, Nu Skin has achieved extraordinary success and is extremely well positioned for the future. We are grateful for Truman's contributions and dedication to Nu Skin.
"Ritch and Ryan have been key leaders at Nu Skin for many years and have been deeply involved in establishing our strategic vision for the future," Lund continued. "We are pleased to enjoy significant experience in our management team and are confident that Ritch and Ryan are well prepared to lead our next wave of growth."
Wood was appointed Nu Skin's chief financial officer and a member of the company's executive management committee in November of 2002, and previously served in various global leadership capacities at the company. Wood worked for the accounting firm of Grant Thornton prior to joining Nu Skin Enterprises in 1993. He earned bachelor's and master's degrees in accounting from Brigham Young University and in 2010 was named CFO of the Year by Utah Business magazine.
Napierski currently serves as president of global sales and operations and has more than 20 years of experience at the company. Prior to his current appointment, he served as president of Nu Skin's North Asia region and president of Nu Skin Japan. He has fulfilled multiple leadership positions for Nu Skin since joining the company in 1995. Napierski has a bachelor's degree in business, a master's degree in business administration from Duke University, and a master's degree in international business from Goethe Universitat in Germany.
"It has been a privilege to serve as chief executive officer for such an extraordinary company and to work with some of the finest people in the world," said Hunt. "My association with our remarkable sales leaders and fellow employees has been the highlight of my career. Together, we have been able to carry out the Nu Skin mission of being a force for good in the world. I have worked closely with Ritch and Ryan for a number of years and have the utmost confidence in their ability to lead Nu Skin going forward." |
Nu Skin Celebrates Global Humanitarian Efforts with 12th Annual Force For Good Day |
Press Release | 6/8/2015 PROVO, Utah, June 4, 2015 -- Nu Skin Enterprises, Inc. is celebrating its annual Force for Good Day with a number of humanitarian projects focused on improving the lives of children around the world.
"Nu Skin's annual Force for Good Day celebration has become a tradition where our global employees and sales leaders devote their time and resources to helping children in their local communities," said Truman Hunt, president and chief executive officer. "It celebrates the company's mission and efforts of the Nu Skin family to be a force for good not just on this one day but all year long."
At Nu Skin's global headquarters in Utah, the Governor's Office is declaring today Utah Force for Good Day in honor of the company's 12th annual day of service.
The company's local Force for Good Day projects support the Nu Skin Force for Good Foundation's mission to improve children's health, education and economic circumstances. In the United States, corporate and U.S. employees and their families will assemble 10,000 kid's care bags and make 200 fleece quilts for children experiencing a hospital stay.
A few of the many other projects around the world include painting and playing games with children in orphanages in EMEA, providing activities for children with life-threatening illnesses in Southeast Asia, donating and distributing education kits in North Asia, and sponsoring a clothing drive in Greater China for local charity partners who employ the disabled. |
Nu Skin Announces Launch Of Epoch Essential Oils |
Press Release | 3/10/2015 PROVO, Utah, March 3, 2015 -- Nu Skin Enterprises, Inc. today announced the upcoming introduction of Epoch® Essential Oils in the United States, Canada and Latin America. Nu Skin also plans to introduce essential oils in China and Europe later this year. The essential oils can be used topically or aromatically to provide a variety of sensory and wellness experiences and benefits.
"The essential oils category is growing rapidly, and our sales leaders are enthusiastic for the upcoming launch," said Truman Hunt, chief executive officer. "Given our global footprint, we believe we are ideally positioned to quickly grow market share as we launch specialized essential oils into many of our international markets. We look to differentiate ourselves in this marketplace by applying Nu Skin scientific rigor to this category."
Initially, Epoch Essential Oils will be available in three single oils – lavender, lemon and peppermint – and five oil blends. Each one is uniquely designed to provide a variety of benefits including mental alertness, relaxation and mood elevation. As part of Nu Skin's Epoch brand, the new essential oils line includes blends formulated with scientific insights from ethnobotany and features natural ingredients used throughout history.
"Indigenous cultures have long known the value of botanical substances and have used them for their healthful benefits," said Joseph Chang, Ph.D., chief scientific officer. "Nu Skin has partnered with one of the world's leading ethnobotanists to bring this knowledge to our modern lifestyle."
As part of Nu Skin's philanthropic efforts, the company intends to donate $0.25 from each sale of Epoch Essential Oils to the Nu Skin Force for Good Foundation, which helps improve the lives of children by offering hope for a life free from disease, illiteracy and poverty.
The first Epoch Essential Oils package will be available in the Americas Region beginning April 9 and will feature all eight of the oils, as well as a diffuser, a mini diffuser and topical blending oil. Individual products will be available for sale in July. |
Nu Skin Shares Fall On China News Claims |
Npros.com | 1/18/2014 January 18, 2014--Nu Skin's stock fell more than 40% this week after a scathing story in China's state-run People's Daily compared Nu Skin's training methods for new sales reps to "brain washing" and suggested it operates an illegal pyramid scheme. The article also said China's State Administration for Industry and Commerce is investigating the company.Nu Skin, which has had a presence in China for 11 years, defended itself against the allegations in the People's Daily story and said that the reporters did not verify any of the information with Nu Skin. It also released a statement saing that it is "dedicated to operating in full compliance with applicable regulations as interpreted and enforced by the government of China." |
Nu Skin Receives Awards For Growth And Innovation |
Press Release | 11/11/2013 PROVO, Utah, Nov. 11, 2013 -- Nu Skin Enterprises today announced it has received several prestigious awards recognizing the company's business performance, management team and product innovation. The company's most recent accolades come from The Golden Bridge Awards and The Consumer World Awards."We're pleased to be recognized for the continued success of our business and our focus on innovation," said Truman Hunt, Nu Skin president and chief executive officer. "We appreciate the talented and hardworking sales leaders and employees who demonstrate the Nu Skin difference through our innovative products, rewarding business opportunities and enriching culture. These awards are a reflection of the great momentum we are seeing in our global business, as well as the bright future of Nu Skin." Named Best Overall Company of the Year by the Golden Bridge Awards: The Golden Bridge Awards named Nu Skin the Best Overall Company of the Year. The honor was based on Nu Skin's business performance and overall growth. The Golden Bridge Awards are an annual industry and peers recognition program honoring best companies of all types and sizes in North America, Europe, Middle-East, Africa, Asia-Pacific and Latin America. Management Team and ageLOC Product Portfolio Honored by Consumer World Awards: Nu Skin's executive management team was named Management Team of the Year by the Consumer World Awards. The award recognized the achievements the company has made in recent years in revenue growth and innovation. The Consumer World Awards also honored the ageLOC product brand as one of the Best New 100 Consumer Products and Services from around the world. Other products on the list include the iPhone 5s, the Seiko Solar watch, Lancome's Tresor Fragrance, and Sony's VAIO Duo 13 Custom Touch Ultrabook. Consumer World Awards are an annual industry and peers recognition program honoring best products and services in the consumer industry with participation from companies large to small including new start-ups in North America, Europe, Middle-East, Africa, Asia-Pacific and Latin America |
Nu Skin Holds Record-Breaking Global Convention |
Press Release | 10/29/2013 Company celebrates new products, sales leader achievements, and new milestone for the Nu Skin Force for Good FoundationPROVO, Utah, Oct. 29, 2013 -- Nu Skin Enterprises, Inc. concluded its bi-annual global sales convention, highlighted by the largest product launch in the company's history and the official opening of the Nu Skin Innovation Center. The global convention was the biggest in the company's history with more than 15,000 attendees from more than 50 countries. "This was a historic event as we celebrated several milestones and set our sights on achieving our vision of becoming the world's leading direct selling company," said Truman Hunt, president and chief executive officer. "We were pleased to celebrate our largest product launch ever with the new ageLOC TR90 weight management system. The convention also marked the official opening of our new Innovation Center and expanded corporate campus, as well as a record level of fundraising for the Nu Skin Force for Good Foundation." ageLOC TR90®ageLOC TR90 is a breakthrough weight management and body shaping system, based on highly innovative gene expression science, that unifies the mind and body. TR90 includes four proprietary nutritional products including: ageLOC TR90 JumpStart, ageLOC TR90 Fit, ageLOC TR90 Control, and ageLOC TR90 TrimShake. These nutritional products, along with the TR90 Eating Plan and activity guidelines are designed to target three important areas for weight management: healthy metabolism, lean muscle and appetite control. Nu Skin Force for Good FoundationA highlight of the global convention was the fundraising gala for the Nu Skin Force for Good Foundation, a non-profit charity with a mission to improve the lives of children by offering hope for a life free from disease, illiteracy, and poverty. The gala and convention fundraising reached more than $2.2 million in donations for the Foundation. (www.forceforgood.org). Nu Skin Innovation CenterThe Nu Skin Innovation Center represents the company's commitment to continual innovation. With the completion of this state-of-the-art Innovation Center, the expanded Nu Skin campus includes more than 300,000 total square feet that features five lab areas, a state-of-the-art data center, environmentally friendly design, and modern work and meeting spaces. The heart of the Innovation Center is Nu Skin's Center for Anti-aging Research, which will be the company's center for continual innovation and scientific discovery. The new research facilities will be instrumental in the development and evaluation of Nu Skin products. |
Nu Skin Obtains FDA Clearance of Facial Spa Device |
Press Release | 9/26/2013 PROVO, Utah, Sept. 26, 2013 -- Nu Skin Enterprises, Inc. today announced that it has received FDA clearance to market a facial spa device for over-the-counter cosmetic use. The company's 510(k) application was filed approximately one year ago. The company estimates that the facial spa will become available for sale some time during the first half of 2014."We have seen great demand for our innovative spa products throughout the world which has helped us to become a global leader in the home-use skin care device market," said Joseph Chang, Ph.D., chief scientific officer. "We are pleased that our U.S. sales leaders and consumers will be able to enjoy the benefits of this skin care device." According to a 2012 Kline & Company report, the market for at-home skin care devices has enjoyed double-digit growth globally, with Nu Skin devices leading the way in Asia. The report points to even greater opportunities for growth in the at-home skin care device market in the future. |
Nu Skin Honored as a Top Personal Care Company |
Press Release | 9/4/2013 Women’s Wear Daily and Happi both rank Nu Skin among top beauty brands PROVO, Utah —Aug. 27, 2013—Nu Skin Enterprises was recognized as one of the leading personal care companies by two industry publications. Women’s Wear Daily (WWD) honored Nu Skin as one of the world’s largest beauty manufacturers, ranking it 33 on WWD’s Beauty Biz Top 100 list. Happi magazine, a leading U.S.-based personal care and household products publication, ranked Nu Skin 19 on the magazine’s Top 50 list based on annual sales of personal care products.“We are honored to be recognized for our strong product offering as it further validates the strength of our ageLOC® product line,” said Truman Hunt, president and chief executive officer. “ageLOC has allowed us to further infuse innovation into our research and development efforts as well as into our sales channel. As we continue to expand our anti-aging platform, I am confident that the best is yet to come for Nu Skin Enterprises.” |
Nu Skin Celebrates 10th Annual Force For Good Day |
Press Release | 6/5/2013 PROVO, Utah, June 5, 2013 — Nu Skin Enterprises, Inc. kicks off its 10th annual global Force for Good Day activities today at its U.S. corporate headquarters, starting a month where Nu Skin’s global employee force will devote their time and resources to helping children in their local communities.“Nu Skin’s Force for Good Day has become an annual tradition that brings together our global Nu Skin family to celebrate, and more importantly, demonstrate our mission to be a force for good by improving people’s lives,” said Truman Hunt, president and chief executive officer. “While Nu Skin is involved in worthwhile causes throughout the year, it’s always impressive to see the tremendous good that comes from the combined global efforts of our sales leaders and employees as they devote a day to helping children in need in their local communities.” The company’s local Force for Good Day projects support the Nu Skin Force for Good Foundation’s mission to improve children’s health, education and economic circumstances. In the United States, corporate and U.S. employees will assemble learning kits and 10,000 healthy lunches for underprivileged children. Other Force for Good projects include setting up a new library with books and educational materials in South Africa, providing activities for children with life-threatening illnesses in Southeast Asia, donating and distributing food and education kits in Japan, and leading a clothing drive for local charity partners in Mainland China. About the Nu Skin Force for Good Foundation The Nu Skin Force for Good Foundation was chartered in 1996 and provides grants that improve the lives of children by offering hope for a life free from disease, illiteracy and poverty. The Foundation is funded by Nu Skin distributor and employee donations and from 25 cents of the sale of each Nu Skin Epoch product. Nu Skin covers all administrative and overhead costs, allowing for 100 percent of donations to be used for humanitarian and charitable causes. The Nu Skin Force for Good Foundation is a registered 501(c)(3) non-profit organization in the United States. |
NU Skin Enterprises to Report Fourth Quarter and 2012 Results |
Press Release | 2/2/2013 PROVO, Utah, Feb. 1, 2013 -- Nu Skin Enterprises, Inc. will release fourth quarter and full-year 2012 results prior to the market opening on Wednesday, Feb. 6. The Nu Skin management team will host a conference call with the investment community later that same day beginning at noon EST. During the call, participants will hear management discuss past results and upcoming business initiatives.The webcast of the conference call, including the financial information to be presented, will be available on the investor section of the company's Web site at www.nuskin.com. A replay of the webcast will be available at the same location through Friday, Feb. 22. |
Nu Skin Enterprises Provides Update On Q4 Results |
Press Release | 1/19/2013 Company Sees Significant Revenue Increase; Fifth Consecutive Record YearPROVO, Utah, Jan. 16, 2013 -- In advance of an upcoming presentation at the ICR XChange Conference, Nu Skin Enterprises, Inc. today provided an update on anticipated results for the fourth quarter of 2012. The company now projects fourth-quarter revenue of approximately $588 million, representing growth of 19 percent 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 of $2.17 billion for the year represents growth of more than 24 percent in 2012, the company's fifth consecutive record year. Earnings growth is anticipated to be approximately 30 percent. In addition, the company repurchased $200 million of its stock during the year, approximately 7 percent of total shares outstanding. The company also recently announced its intention to significantly increase its dividend payment by 50 percent beginning with the first dividend in 2013, resulting in an increase of 140 percent 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. |
Nu Skin Enterprises to Increase Dividend Payments |
Press Release | 12/19/2012 PROVO, Utah, Dec.18, 2012 -- Nu Skin Enterprises, Inc. today announced that it plans to increase its regularly scheduled dividend payments by 50 percent for 2013. With this planned increase, the company will have increased dividends for each of the 12 consecutive years since it instituted the payment of dividends to stockholders."We have generated record results for each of the past five years and believe 2013 will be another record year," said Truman Hunt , president and chief executive officer. "Based on our consistent growth and our commitment to return capital to stockholders, we expect to increase our 2013 dividend by 50 percent, which would represent a 140 percent increase in dividends over the past three years. With our strong performance and increasing cash flow, we have the financial flexibility to increase dividends, repurchase shares and continue to invest in important business initiatives to sustain revenue growth." Beginning with its regular first quarter dividend in 2013, the company currently expects to pay a quarterly dividend of $0.30 per share, or $1.20 per year, compared to the previous quarterly dividend of $0.20 per share, or $0.80 per year. Nu Skin also provided an update on its ongoing Japan customs case. The Tokyo High Court recently affirmed the lower court's decision with respect to the company's lawsuit to recover approximately $33 million in customs duties assessed against the company for the period of 2002 through 2005. Nu Skin continues to disagree with this decision and has appealed to the Supreme Court of Japan. The recent decision will not impact the company's financial results as it previously paid and recorded as an expense the full amount of this assessment. |
Nu Skin Enterprises To Hold 2012 Investor Day |
Press Release | 11/13/2012 PROVO, Utah, Nov. 12, 2012 -- Nu Skin Enterprises, Inc. announced it will host its annual Investor Day presentation on Wednesday, Nov. 14 in New York City. Key members of Nu Skin's executive management team will discuss operational results and introduce 2013 plans.A webcast of the event will start at 9 a.m. and will be available at http://ir.nuskin.com. A replay of the webcast, along with accompanying slides and financial information, will be made available from the same location through Dec. 7. |
Nu Skin Reports Record Third Quarter 2012 Results |
Press Release | 10/31/2012 PROVO, Utah, Oct. 31, 2012 -- Nu Skin Enterprises, Inc. today announced record third-quarter results with revenue of $526.2 million, a 23 percent improvement over the prior-year period. Revenue was negatively impacted 3 percent from foreign currency fluctuations. Earnings per share for the quarter were $0.87, a 21 percent year-over-year improvement. Additionally, the company announced that it is increasing its full-year 2012 revenue guidance to $2.11 billion, a 21 percent growth rate over 2011."By continuing to execute on our business strategy, we were able to generate another record quarter, putting us on track to reach a milestone of more than $2 billion in annual revenue in 2012," said Truman Hunt, president and chief executive officer. "The quarter was highlighted by healthy trends in all of our regions, strong demand for our anti-aging products and growth in our customer base and sales force. "We were particularly pleased with local-currency growth in Japan and South Korea. This growth reflects increased distributor activity in anticipation of the October limited-time-offer of our ageLOC Body Spa and related products. Our South Asia/Pacific and Greater China regions generated solid local-currency growth of 53 and 64 percent, respectively. The Americas and Europe regions also reported healthy gains with approximately 20 percent year-over-year local-currency growth," continued Hunt. "Building on our momentum, we held successful regional conventions in the United States, Japan and Europe in the month of October. We are encouraged by the sales activity we are experiencing in both emerging and more mature markets and we expect to continue to sustain growth in 2013. We also continue to improve the execution of our product launches, strengthen our future product pipeline, and generate healthy growth throughout the world." |
Nu Skin Enterprises Reschedules Third Quarter Earnings |
Press Release | 10/30/2012 PROVO, Utah, Oct. 29, 2012 -- Due to severe weather affecting the East Coast, Nu Skin Enterprises, Inc. (NYSE: NUS) today announced that the company has rescheduled the release of its third quarter 2012 financial results and conference call. The company will release its financial results pre-market on Wednesday, Oct. 31, 2012 and the company's management will host its call with the investment community the same day at 11 a.m. EDT. Should the NYSE continue to be closed on Wednesday, the company may postpone the release until a later date.Those wishing to access the webcast, as well as the financial information presented during the call, can visit the Investor Relations page on Nu Skin Enterprises' website, http://ir.nuskin.com. An archive of the webcast will be available at this same URL through Nov. 23, 2012. |
Nu Skin Enterprises To Report Third Quarter 2012 Results |
Press Release | 10/23/2012 PROVO, Utah, Oct. 23, 2012 — Nu Skin Enterprises, Inc. will release third quarter 2012 results prior to the market opening on Tuesday, Oct. 30. The Nu Skin management team will host a conference call with the investment community later that same day beginning at 1 p.m. (EST). During the call, participants will hear management discuss past results and upcoming business initiatives.The webcast of the conference call, including the financial information to be presented, will be available on the investor section of the company's Web site at www.nuskin.com. A replay of the webcast will be available at the same location through Friday, Nov. 23. |
Stanford University Releases Statement Reiterating Its Relationship With Nu Skin Enterprises |
Press Release | 8/20/2012 PROVO, Utah, Aug. 17, 2012 -- Nu Skin Enterprises, Inc. reiterated its research relationship with Stanford University and announced that Stanford today issued the following release, which stated, "The Department of Dermatology in the Stanford School of Medicine has had a long-standing research-based relationship with Nu Skin Enterprises. Researchers in the department currently have one on-going study funded by Nu Skin related to the identification of master regulators and epigenetic changes to human skin aging. This research project is funded from a $1.5 million commitment from Nu Skin and runs through 2014. Since 1999, the company has funded nearly $5.8 million dollars in research in the Department of Dermatology."At the request of Dr. Stuart Kim, a letter was sent by Stanford to Nu Skin requesting Dr. Kim's name be removed from the company's marketing materials and websites as Dr. Kim is no longer involved with research funded by the company. The company complied with this request. The letter did not recognize, however, the existing research relationship between Nu Skin and Stanford. We regret any misunderstanding that may have occurred as a result." |
Nu Skin Receives Cease and Desist Letter from Stanford University |
Npros.com | 8/17/2012 Washington -- Nu Skin Enterprises received a "cease and desist" letter from Stanford University demanding that the company stop using a university researcher's name in its advertising material and remove references to him from its website by August 17.The researcher, a geneticist named Stuart Kim, is referred to as a "Nu Skin Partner", although he has no relationship with the company. In 2009, Nu Skin donated $1.5 million to fund a study on human skin aging by Kim and other scientists. Kim later left the study; however, two dermatologists continue to work on it. Citron Research issued a report saying that Nu Skin misrepresented its relationship with Kim and had never funded any of his research, and also accusing Nu Skin of exaggerating the scientific claims about the effectiveness of its anti-aging products. In the wake of this report, Nu Skin's shares ended down 4 percent on Thursday. |
Nu Skin Enterprises To Present At Canaccord Genuity 32nd Annual Growth Conference |
Press Release | 8/14/2012 PROVO, Utah, Aug. 13, 2012 -- Nu Skin Enterprises, Inc. today announced that Chief Financial Officer, Ritch Wood will present at the Canaccord Genuity 32nd Annual Growth Conference in Boston on Thursday, Aug. 16, 2012.The company's presentation on Aug. 16 will be webcast live beginning at 9:30 a.m. EDT on the company's website. The company's slides will be made available on the company's website Aug. 15 prior to the opening of the financial markets. Those wishing to access either the slides or the webcast can visit the Investor Relations page on Nu Skin Enterprises' website, at http://ir.nuskin.com. The archive of the webcast will be available at this same URL through Aug. 31, 2012. |
Nu Skin Enterprises Reports Record Second Quarter Results |
Press Release | 7/26/2012 PROVO, Utah, July 26, 2012 -- Nu Skin Enterprises, Inc. today announced record second-quarter results with revenue of $593.2 million, a 40 percent improvement over the prior-year period. Revenue was negatively impacted 2 percent from foreign currency fluctuations. Earnings per share for the quarter increased 45 percent to $0.94, compared to $0.65 in the prior year."Once again, we are pleased to announce record quarterly results, highlighted by the most successful regional product launch in our history that boosted revenue by more than 150 percent in Greater China and 66 percent in South Asia," said Truman Hunt, president and chief executive officer. "The tremendous launches of our latest ageLOC products generated approximately $165 million in product orders, with $140 million reported in revenue during the quarter and the balance to be shipped in the third quarter. Our product innovation is energizing our customer base and sales force, as demonstrated by strong growth in both our actives and executive distributors. "While emerging markets continue to drive significant growth, we are also very pleased with results in our mature markets during the second quarter, including local-currency revenue improvements of 21 percent in the Americas and 20 percent in Europe. We also saw positive trend improvements in Japan. "Our overall profitability continued to improve as we generated a 16.5 percent operating margin during the quarter. In addition, we utilized the strength of our balance sheet to repurchase approximately 2.4 million shares for $108 million," said Hunt. |
Nu Skin Enterprises to Report Second Quarter 2012 Results |
Press Release | 7/16/2012 PROVO, Utah, July 9, 2012 -- Nu Skin Enterprises, Inc. will release second quarter 2012 results prior to the market opening on Thursday, July 26. The Nu Skin management team will host a conference call with the investment community later that same day beginning at noon (EDT). During the call, participants will hear management discuss past results and upcoming business initiatives.The webcast of the conference call, including the financial information to be presented, will be available on the investor section of the company's Web site. A replay of the webcast will be available at the same location through Friday, Aug. 10. |
Nu Skin Enterprises to Present at Oppenheimer Consumer Conference |
Press Release | 6/23/2012 PROVO, Utah, June, 22, 2012 -- Nu Skin Enterprises, Inc. today announced that President and Chief Executive Officer, Truman Hunt will present at the Oppenheimer 12th Annual Consumer Conference in Boston on Tuesday, June 26, 2012.The company's presentation and accompanying slides will be webcast live beginning at 11:15 a.m. EDT. Those wishing to access this presentation can visit the Investor Relations page on Nu Skin Enterprises' website, at http://ir.nuskin.com . The archive of the webcast will be available at this same URL through July 13, 2012. |
Nu Skin Founder Recognized for Excellence in Corporate Social Responsibility |
Press Release | 6/6/2012 PROVO, Utah, June 6, 2012 -- Nu Skin Enterprises founder, Blake Roney and humanitarian partner, Napoleon Dzombe were recognized with an international Communitas award for "Making a Difference in Malawi" through the Nu Skin Force for Good Foundation.The Communitas Awards is an international effort to recognize the spirit of communitas--people helping people--in exceptional businesses, organizations and individuals that are unselfishly giving of themselves and their resources, and those that are changing how they do business to benefit their communities. Communitas honored Roney and Dzombe's vision and support of the School of Agriculture for Family Independence (SAFI) at Mtalimanja Village in Malawi which annually houses and teaches self-sustaining agricultural techniques to 30 Malawi families. The award was presented to Roney during the company's Team Elite trip in Paris. "Thanks to the combined efforts of Blake, Napoleon, and the Nu Skin Force for Good Foundation, the third class of SAFI students will soon graduate, totaling more than 150 people educated and given hope for a better life," said Truman Hunt, Nu Skin president and chief executive officer. "Students who attend SAFI are taught how to grow food and become self-reliant by supporting their families through agriculture. I have seen the amazing change that SAFI has brought in the lives of the students and their children, providing these families with hope for a brighter future in Malawi." SAFI is a two-year agricultural education program. During the first year, husbands and wives attend class together and their children are able to attend school. The second year of study is an extension program where instructors visit students and help them implement learned-skills in their own homes. Malawians completing the SAFI program see as much as a 700 percent increase in their harvest of maize, soy and peanuts, which is enough to feed their family for a year, improve their living conditions and send their children to school. This is the third consecutive year that Nu Skin has received a Communitas Award for outstanding corporate social responsibility programs. In 2011, Nu Skin received two Communitas awards for "The Nu Skin Force for Good Foundation, Mtalimanja Village" and "Building Futures through Education." In 2010, Nu Skin received two Communitas awards for "Excellence in Community Service" and for "Ethical and Environmental Responsibility." About the Nu Skin Force for Good Foundation For more than 15 years the Nu Skin Force for Good Foundation has worked to improve the lives of children around the world by offering hope for a life free from disease, illiteracy and poverty. The Force for Good Foundation and Nu Skin's distributors and employees donated more than $18 million to Force for Good charity partners in 2011. Nu Skin covers all administrative and overhead costs for the 501(c)(3) private foundation, allowing for 100 percent of donations to be used for humanitarian and charitable causes. More information is available at www.forceforgood.org . |
Nu Skin Announces Update to Its Ageloc Product Roll Out |
Press Release | 5/8/2012 PROVO, Utah, May 8, 2012 -- In connection with the company's annual sales incentive trip, Nu Skin Enterprises, Inc. today announced that it has experienced a record-setting response to its ageLOC® product introductions in the Greater China and South Asia regions. The regions are the latest geographies to initiate orders of the company's ageLOC® R2 (R-squared) and ageLOC® Galvanic Body Spa(TM) and its related skin care products."On the heels of a record first quarter, we are pleased to report today that the Greater China and South Asia regions have received approximately $150 million of orders for our new ageLOC products," said Truman Hunt, president and chief executive officer. "The products will be delivered in connection with upcoming regional events taking place in the second and third quarters. These latest, record-breaking introductions are not only a testament to the strength of our exclusive, super-class of ageLOC products, but further demonstration of the high-caliber and talented sales leaders we have in these regions, as well as throughout the world." The company began the global roll-out of its new ageLOC products in the first quarter in the United States, Japan, Korea and Europe. The company's latest anti-aging products include the ageLOC® Galvanic Body Spa(TM), an advanced skin treatment system that is complemented by the new ageLOC®. Body Shaping Gel and ageLOC® Dermatic Effects® Body Contouring Lotion; and ageLOC® R2 (R-squared), a nutritional supplement system designed to renew and recharge the body. Since launching the first ageLOC products three years ago, the exclusive anti-aging product portfolio has become a tremendous success for Nu Skin, generating sales of well more than $1 billion worldwide. "Our previous guidance included a net revenue benefit of $60 million from these ageLOC product introductions, which takes into account potential cannibalization of other products sales, as well as order cancellations and product returns," said Ritch Wood, chief financial officer. "Based upon the orders we have received, we are raising our revenue guidance by $40 million and our earnings guidance by $0.06 earnings per share, bringing our full year guidance to $1.885 to 1.915 billion of revenue, and $2.98 to $3.06 in earnings per share. These orders will be filled and recorded as revenue in both the second and third quarters based on the timing of our fulfillment of the orders," concluded Wood. Please note: This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that represent the company's current expectations and beliefs. The company's financial performance and the forward-looking statements contained herein are further qualified by a detailed discussion of associated risks set forth in the documents filed by the company with the Securities and Exchange Commission. The forward-looking statements set forth the company's beliefs as of the date of this release, and the company assumes no duty to update the forward-looking statements contained in this release to reflect any change except as required by law. |
Nu Skin Enterprises Announces 250 Million Increase In Share Repurchase Authorization |
Press Release | 5/2/2012 PROVO, Utah, May 2, 2012 -- Nu Skin Enterprises, Inc. today announced that its board of directors has authorized a $250 million extension to the company's ongoing share repurchase authorization. The newly authorized funds will be used to repurchase company stock on the open market. The $250 million share repurchase authorization adds to the approximately $80 million remaining from the prior authorizations as of March 31, 2012."As we build on another record quarter and continue to generate strong results from the global roll out of our ageLOC anti-aging products, we are optimistic about the future of our business," said Ritch Wood, chief financial officer. "We have used our financial strength in the past to repurchase shares, and it makes sense to increase share repurchase activity at this point in time to benefit our shareholders." |
Nu Skin Reports Record First Quarter Results |
Press Release | 4/26/2012 PROVO, Utah, April 26, 2012 -- Nu Skin Enterprises, Inc. today announced record first-quarter results with revenue of $462.0 million, a 17 percent improvement over the prior-year period. Revenue was positively impacted 1 percent from foreign currency fluctuations. Earnings per share for the quarter were $0.74, compared to $0.24 in the prior year, or $0.56 when excluding first quarter 2011 charges related to a Japan customs ruling."Following a record year, we continued to generate great momentum in the first quarter as a result of the positive response to our ageLOC product launches and healthy trends in each of our regions," said Truman Hunt, president and chief executive officer. "New product roll outs helped boost revenue trends in the Americas, North Asia and Europe, as reflected by strong executive distributor growth of 11 percent during the quarter. "Emerging markets also performed well in the first quarter. The Greater China region posted a 35 percent year-over-year increase, and the South Asia/Pacific region continued to build momentum in anticipation of the launch of new ageLOC products in the second quarter," said Hunt. Regional Results North Asia. First-quarter revenue in North Asia was $182.2 million, compared to $179.4 million for the same period in 2011. Regional results benefited approximately 2 percent from foreign currency fluctuations. South Korea experienced a local-currency revenue improvement of 8 percent offset by Japan's local-currency revenue decline of 5 percent. The number of executive distributors in the region was down 3 percent while the number of active distributors improved 3 percent. Greater China. First-quarter revenue in Greater China increased 35 percent to $92.6 million, compared to $68.6 million in the prior-year period. Foreign currency fluctuations positively impacted revenue 3 percent. The executive distributor count in the region improved 31 percent, while the number of active distributors increased 25 percent compared to the prior year. South Asia/Pacific. Revenue in South Asia/Pacific was $77.3 million, a 55 percent improvement compared to the prior year. Sales in the quarter included approximately $15 million of products sold during the prior-year pre-launch that were shipped in the first quarter, and were positively impacted less than 1 percent by foreign currency fluctuations. The region's first-quarter executive count improved 23 percent while the active distributor count increased 8 percent compared to the same period in 2011. Americas. Revenue in the Americas improved 19 percent to $66.3 million, compared to $55.9 million in the prior-year period, including a 14 percent revenue increase in the United States. The number of executive distributors grew 15 percent while the number of active distributors increased 7 percent during the quarter. Europe. Revenue in Europe was $43.5 million, a 4 percent improvement over the prior-year period. Results in the region were negatively impacted approximately 5 percent by foreign currency fluctuations. Both executive and active distributor counts in Europe increased 4 percent compared to the prior year. Operational Performance The company's operating margin was 15.5 percent for the quarter, compared to 6.3 percent for the prior-year period, or 14.6 percent when excluding charges related to the Japan customs ruling. Gross margin during the quarter was 83.6 percent, compared to 74.6 percent, or 82.8 percent when excluding the Japan customs expenses. The improvement in gross margin was due primarily to supply chain efficiencies. Selling expenses, as a percent of revenue, were 43.8 percent in the first quarter, representing a 110 basis-point increase, which is primarily attributable to a higher number of distributors qualifying for promotional sales incentives. General and administrative expenses, as a percent of revenue, were 24.3 percent, improving 130 basis-points over the prior year. Other income/expense reported a gain of $3.6 million compared to a loss of $0.4 million in the prior year. The increase is due primarily to foreign currency gains recognized during the quarter. The company's income tax rate for the quarter was 36.5 percent compared to 37.5 percent in the prior-year period. The company had cash and current investments of $290 million at the end of the quarter. Dividend payments during the quarter were $12.5 million, and the company repurchased $5.4 million of its outstanding shares. The company's management will host a webcast with the investment community on April 26, at noon (EDT). Those wishing to access the webcast, as well as the financial information presented during the call, can visit the Investor Relations page on Nu Skin Enterprises' website, http://ir.nuskin.com . An archive of the webcast will be available at this same URL through May 11, 2012. |
Nu Skin to Report First Quarter Results |
Press Release | 4/17/2012 PROVO, Utah, April 16, 2012 -- Nu Skin Enterprises, Inc. as previously announced, will release 2012 first quarter results prior to the market opening on Thursday, April 26.The Nu Skin management team will host a conference call with the investment community later that same day beginning at noon (EDT), as opposed to the previously scheduled time of 11 a.m. During the call, participants will hear management discuss past results and upcoming business initiatives. The webcast of the conference call, including the financial information to be presented, will be available on the investor section of the company's website. A replay of the webcast will be available at the same location through Friday, May 11. |
Nu Skin Concludes Breakthrough Year for Anti Aging Research |
Press Release | 2/21/2012 PROVO, Utah, Feb. 21, 2012 -- Nu Skin Enterprises Inc. today announced the conclusion of another banner year for its ageLOC® research. Nu Skin accelerated its anti-aging research in 2011 with more than 30 scientific presentations, posters and articles at various prestigious conferences and symposia around the world. Additionally, the company made further strides with the acquisition of LifeGen Technologies and its genetic database that is based on more than 30 years of anti-aging genetic research."2011 was a breakthrough year for us as we continued our ground-breaking ageLOC anti-aging genetic research that is opening new doors of understanding to the genetic source of aging and helping more people to live younger, longer," said Joe Chang, Ph.D., Nu Skin chief scientific officer. "As we have presented our research around the world, we have been pleased with the favorable response we have received from the scientific community. Looking to 2012, we believe that the best is yet to come for ageLOC science." The company's 2011 scientific presentations focused on its ageLOC science that enables Nu Skin to identify unique groups of genes specific to aging (referred to as Youth Gene Clusters or YGC) that influence aging and then target and reset them to more youthful patterns of activity. This latest scientific research has been incorporated into Nu Skin's latest product releases including ageLOC® R2 (R-squared) and ageLOC® Galvanic Body Spa™. 2011 Scientific Highlights Include: Acquisition of LifeGen Technologies, LLC With the acquisition of LifeGen Technologies, Nu Skin now owns what it believes is one of the largest anti-aging databases in the world and has unrestricted access to LifeGen's scientific data and findings developed over 30 years. Nu Skin is accelerating its anti-aging genetic research that continues to open doors of new understanding and is providing additional insights for product development. Already the company has felt the positive impact of this database as it incorporates these new insights into products under development for 2013, including solutions for weight management and overall youthspan. ageLOC Research on Internal Aging Mark Barlett, Ph.D., vice president of global research and development for Pharmanex nutrition products at Nu Skin, led his team to present several key findings at internationally recognized conferences. Highlights included being an invited speaker at the Second International Conference on Environmental Stressors in Biology and Medicine. Nu Skin presented findings on several topics at the conference including "A Unique Nutritional Formulation to Promote Cellular Protection and Purification Via Induction Of the Nrf2-mediated ARE/Phase II Detoxification Pathways" and "A Unique Blend of Natural Compounds With the Ability to Oppose Age-Related Changes in Gene Expression Related to Dysregulation of Removal of Cellular Debris, Cellular Detoxification, Antioxidant Protection and Inflammatory Balance." In addition, Pharmanex nutrition scientists also presented at the Linus Pauling Institute Diet and Optimum Health Conference on "A Systematic Approach to Evaluate and Rank Natural Ingredients Based on Their Ability to Oppose Age-Related Changes in Gene Expression." ageLOC Research on the Skin Led by Helen Knaggs, Ph.D., vice president of global research and development for Nu Skin personal care products, the Nu Skin research and development team had several notable finding presented and published in 2011. An oral presentation shared at the 4th International Conference and Exhibition for Nutraceuticals and Functional Foods (Nov 2011) showed the effects of equol on human skin gene expression and protein synthesis. In addition, several scientific articles were published including one in the Dermatological Surgery (Dec. 2011), regarding an exploratory study to determine the association between assessed facial skin aging and plasma isoprostane levels in middle-aged Japanese women, and in the International Journal of Cosmetic Science (Feb. 2011) showing how functional YGCs can be regulated to reflect a more youthful gene expression profile. New Patents for ageLOC® Galvanic Body Spa™ Throughout the development of ageLOC science, a number of patents have been licensed or filed to further protect the proprietary information and technology Nu Skin utilizes to develop ageLOC branded products. Nu Skin's recently launched ageLOC® Galvanic Body Spa™ system uses patented self-adjusting galvanic currents with patent-pending pulsating technology to diminish the appearance of fat and cellulite to provide a slimmer, smoother, firmer appearance on the arms, abdomen, buttocks and thighs. |
Nu Skin Announces Quarterly Results |
Npros.com | 2/8/2012 Nu Skin Enterprises announced its earnings results on Thursday. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.04. The company’s quarterly revenue was up 23.5% on a year-over-year basis. |
Nu Skin Begins Official Launch of ageLOC Products |
Press Release | 1/18/2012 PROVO, Utah, Jan. 18, 2012 -- Following record-breaking pre-sales in connection with the company's fourth quarter 2011 global convention, Nu Skin Enterprises, Inc. announces the official launch of its new ageLOC anti-aging products: the ageLOC® Galvanic Body Spa(TM), an advanced skin treatment system that is paired with the new ageLOC® Body Shaping Gel and ageLOC® Dermatic Effects® Body Contouring Lotion; and ageLOC® R2 (R-squared), a nutritional supplement system designed to renew and recharge the body.The company's U.S., European and South Pacific markets begin the rollout this month with the introduction of the ageLOC Galvanic Body Spa system, while Japan and Korea are both launching ageLOC R2 (R-squared). The products will continue to roll out in additional markets with ageLOC R2 (R-squared) set to launch in the company's Greater China and Southeast Asia markets later this year. "We are proud to present the latest in ageLOC innovation to our customers and distributors as we continue to solidify our position as a global leader in the anti-aging industry," said Truman Hunt, president and chief executive officer of Nu Skin. "As we launch these new ageLOC products in the United States, Japan, Korea, Europe and South Pacific this month, we continue to see great consumer demand for the ageLOC Galvanic Body Spa and ageLOC R2 (R-squared) and expect the momentum to continue to build through the year." Both the ageLOC Galvanic Body Spa system and ageLOC R2 (R-squared) were developed utilizing Nu Skin's proprietary ageLOC science that enables the company to identify unique groups of genes specific to the aging process, called Youth Gene Clusters (YGC), and then target and reset them to more youthful patterns of activity. Previous products born out of Nu Skin's exclusive ageLOC science include the ageLOC Galvanic Spa and Gels for the face and the Nu Skin ageLOC® Transformation daily skin care system. The ageLOC super class of anti-aging products has proven to be a tremendous success for Nu Skin, generating sales of more than $700 million over the past three years. "Our ageLOC scientific approach has brought us to this moment where we can offer people the ageLOC super class of anti-aging products, and our sales are just more proof of how effective people find these products," said Joe Chang, Ph.D., Nu Skin chief scientific officer. "What's more, we believe we have yet to even scratch the surface on what ageLOC is truly capable of in terms of anti-aging science. While we celebrate the introduction of these products, and our recent acquisition of LifeGen Technologies and their more than thirty years of anti-aging genetic research, we are also greatly looking forward to the innovation that lies ahead." |
Nu Skin Named to IBT 1000 Fastest Growing Companies List |
Press Release | 1/3/2012 PROVO, Utah, Jan. 3, 2012 -- Nu Skin Enterprises, Inc. announced today that it has been named one of the world's fastest growing public companies in The International Business Times' 2011 IBT 1000 listing. Additionally, Nu Skin was one of the 10 fastest growing companies ranked in the Household and Personal Products category and the largest company represented in this group."This is a wonderful honor and a direct reflection of our outstanding global sales force that is helping Nu Skin reach new heights of success as they focus on selling our proprietary ageLOC anti-aging products and sharing Nu Skin's powerful business opportunity," said Truman Hunt, president and chief executive officer of Nu Skin. "Working together with our global management team, our talented sales leaders have helped Nu Skin reach record revenue levels in each of the past two years - with a third straight year of record revenue projected for 2011." The 2011 IBT 1000 Fastest Growing Companies list ranks companies using its three-year revenue Compound Annual Growth Rate (CAGR), with each year's revenue calculated on the basis of the Last Twelve Months (LTM). The three-year CAGR of Nu Skin Enterprises is 10.1 percent. About International Business TimesInternational Business Times is an online global business newspaper, comprising of 18 editions, published in 10 languages. It is among the top three online business newspapers in the world. The publication, sometimes called IBTimes, offers news, analysis and opinions on geo-politics, global economy, markets, large and small cap companies, science and technology, and business life and culture. The company launched its website in 2005 with the vision of serving all the countries in the world with comprehensive business coverage. It is a privately-held company wholly owned by its Board of Directors. Its global headquarters are in the Financial District of New York City. |
Nu Skin Serum Named Best in New Beauty Choice Awards |
Press Release | 12/30/2011 PROVO, Utah—Dec. 29, 2011—Nu Skin Enterprises, Inc. announced today that its ageLOC Future Serum was named “The Best Anti-Wrinkle Serum” in the second-annual New Beauty Choice Awards. New Beauty magazine recognizes the best products in the health and beauty industry and winners are determined by the votes of thousands of New Beauty magazine readers, as well as top beauty experts and the editors of New Beauty. “We’re pleased to leverage breakthrough genetic science to create an innovative line of ageLOC products that continue to demonstrate impressive anti-aging benefits,” said Joseph Chang, Ph.D., Nu Skin chief scientific officer and executive vice president of product development. “It’s particularly satisfying for the ageLOC Future Serum to receive top honors in the New Beauty Choice Awards because the winners are chosen by thousands of avid skin care consumers and experts. We look forward to continuing to deliver a steady stream of innovative anti-aging products by building on our exclusive ageLOC science.”In recognition of this achievement, Nu Skin will be presented with a Crystal Beauty Award and ageLOC Future Serum will be featured in the winter 2012 issue of New Beauty magazine, on newsstands Jan 1. |
Nu Skin Enterprises Acquires LifeGen Technologies |
Press Release | 12/14/2011 PROVO, Utah, Dec. 14, 2011 -- Nu Skin Enterprises, Inc. today announced that it has closed the transaction to acquire LifeGen Technologies, LLC, a genomics company based in Madison, Wisconsin for $11.7 million. The Nu Skin purchase will result in the transfer of substantially all of the assets of LifeGen to Nu Skin, including its proprietary tissue bank and gene expression database, patents and other intellectual property related to anti-aging gene research. The company also initiated new research and development contracts, consulting and non-competition agreements with LifeGen co-founders, Richard Weindruch, Ph.D., and Tomas Prolla, Ph.D., who will both manage and provide scientific leadership at the Madison-based research facility and continue to serve on the Nu Skin Anti-aging Scientific Advisory Board."We are pleased to have completed the acquisition of LifeGen," said Dr. Joseph Chang, Nu Skin's chief scientific officer. "We believe the acquisition significantly enhances Nu Skin's position as a leader in the anti-aging industry, providing Nu Skin exclusive ownership of LifeGen's substantial intellectual property encompassing more than 30 years of breakthrough scientific study on the genetic sources of aging and a proprietary algorithm that identifies important age-related genes. The global anti-aging market is expected to grow at a rapid rate in the coming years. By bringing the proprietary LifeGen scientific assets and expertise in house, we believe we are in a unique position to develop a steady stream of our super-class of anti-aging products that help people live younger, longer." The company initiated its scientific collaboration with LifeGen in 2009. Since that time, LifeGen's proprietary genetic science has enhanced the development of Nu Skin's next-generation super-class of anti-aging products, including the company's most recent introduction of the ageLOC® R2 nutritional supplement. We are pleased to become a part of the Nu Skin family as we continue to break new ground in understanding the relationship between gene activity and nutritional control of the aging process," said Weindruch. Prolla added, "We believe that through this exclusive relationship between LifeGen and Nu Skin is synergistic and will drive the launch of science-based products that effectively slow the effects of aging." "We are already feeling the positive impact of LifeGen's proprietary databases as we develop ageLOC products for introduction in 2013," continued Chang. "Together, we are discovering new genetic insights for weight loss and overall longevity that have unique application for anti-aging solutions. Overall, I believe that the acquisition of LifeGen cements our ability to truly create the most innovative products in the anti-aging category for many years to come." |
Nu Skin Enterprises Updates Financial Guidance |
Press Release | 11/16/2011 Company Increases Fourth Quarter and 2012 Guidance in Advance of Annual Investor Day MeetingPROVO, Utah, Nov. 16, 2011 -- Nu Skin Enterprises, Inc. updated its fourth quarter 2011 and recently-issued 2012 financial guidance in advance of its annual investor day later today. The company increased its fourth quarter revenue guidance to $475 to $485 million, and earnings per share by $0.02 to $0.68 to $0.72. The company also increased 2012 revenue guidance to $1.80 to $1.83 billion with earnings per share of $2.82 to $2.92. "As we come to the conclusion of another record year, we continue to build momentum for the future," said Truman Hunt, president and chief executive officer. "We are revolutionizing the fight against aging through our ageLOC product pipeline, innovating in our direct selling channel, experiencing stellar growth in emerging markets, and continuing to drive shareholder value through improved efficiencies and increasing cash flow. "We are experiencing a very positive response from our distributor force following our global convention and the initial limited-time-offering of our new anti-aging products," Hunt continued. "The fourth quarter is shaping up even stronger than our initial forecast, and we have confirmed the amount of new products that will be shipped in January - allowing us to increase our guidance for the quarter and for 2012. "In short, we are succeeding because our strategy is sound and because we continue to improve our execution. We look forward to sharing our vision of the future with our shareholders at our annual investor day meeting later today," concluded Hunt. The annual investor day presentation will be held today at 9 a.m. at the Waldorf Astoria hotel in New York City. A webcast of the event, including the financial information to be presented, will be available at http://ir.nuskin.com . A replay of the webcast, along with accompanying slides, will be made available from the same location through Dec. 31. |
Nu Skin Announces New Products at Convention |
Press Release | 10/28/2011 PROVO, Utah, Oct. 28, 2011 -- Nu Skin Enterprises, Inc. commenced its global convention with the announcement of new products, sales initiatives and milestones for its non-profit Foundation. In addition, the company's executive Chairman of the Board, Blake M. Roney, announced that he has accepted a three-year leadership assignment to serve as a volunteer for The Church of Jesus Christ of Latter-day Saints.Roney will continue to serve as the executive chairman of the board through May 2012, shortly before he begins his new church assignment, and will remain involved in the company on a limited basis until his return in 2015. Steven J. Lund, the current vice chairman of the board, will become the next chairman of the board. Lund has been with the company since its infancy and previously served as its chief executive officer. "This year's convention will go down in Nu Skin history as a truly historic event," said Steve Lund, vice chairman of the board. "We've had the opportunity to honor the distinctive leadership of Blake Roney and wish him well in his new assignment. As the company builds on the foundation of success that he has helped to establish, we see a great future ahead for the company. Much of this optimism comes from Nu Skin's ageLOC platform that is creating a super class of anti-aging products and a powerful business opportunity for the company's expanding sale force. In addition, Nu Skin's founding mission to be a 'force for good in the world' continues to be demonstrated through the generous culture of Nu Skin global family of distributors and employees." ageLOC Anti-aging Products At the convention, Nu Skin officially launched its latest ageLOC products, R2 nutritional supplement and Galvanic Body Spa(TM), to the more than 13,000 distributors attending convention. At the beginning of October, Nu Skin began taking orders for the new products on a limited time basis. Orders for the new products have totaled approximately $100 million, well ahead of company expectations. Nu Skin will follow-up the limited time offering with its global roll-out that will begin in the first quarter in the United States, Japan and Korea, with subsequent product introductions in Greater China and Southeast Asia in the following quarters. Adding to the strength of the ageLOC anti-aging super class of products is the company's recent announcement of its letter of intent to acquire LifeGen Technologies. The acquisition includes substantially all of the assets of LifeGen, including its tissue bank, proprietary gene expression database, patents and intellectual property related to gene research. The acquisition of LifeGen will enhance Nu Skin's pipeline of next-generation anti-aging products for many years to come, allowing Nu Skin to provide a steady stream of innovative anti-aging solutions aimed at helping people live younger, longer. Nu Skin Corporate Social Responsibility On the eve of the convention, the Nu Skin Force for Good Foundation hosted a fundraising gala with approximately 700 guests in attendance. Celebrating its 15-Year Anniversary, the foundation raised approximately US$700,000. One hundred percent of donations are used for projects around the world that offer hope for children to have a life free from disease, illiteracy and poverty. |
Nu Skin to Acquire LifeGen Technologies |
Press Release | 10/27/2011 PROVO, Utah, Oct. 27, 2011 -- Nu Skin Enterprises, Inc. is pleased to announce that it has executed a letter of intent to acquire LifeGen Technologies, LLC, a genomics company based in Madison, Wisconsin for $11,662,500. The letter of intent includes the acquisition of substantially all of the assets of LifeGen, including its tissue bank, proprietary gene expression database, patents and intellectual property related to gene research. In connection with the transaction, the company will also enter into consulting agreements with LifeGen co-founders, Richard Weindruch, Ph.D., and Tomas Prolla, Ph.D., and the two will continue to serve on the Nu Skin Anti-aging Scientific Advisory Board."Our acquisition of LifeGen will further solidify the competitive advantage Nu Skin enjoys with our ageLOC anti-aging platform with exclusive access to LifeGen's breakthrough work on genetic sources of aging," said Chief Executive Officer, Truman Hunt. "The acquisition also makes financial sense as we will no longer incur royalty obligations on products developed with LifeGen's assistance. Overall, we believe that this acquisition of LifeGen will enhance our pipeline of next-generation anti-aging products for many years to come, allowing us to provide a steady stream of innovative anti-aging solutions aimed at helping people live younger, longer." "LifeGen truly is a unique resource in the battle against aging," said Dr. Joseph Chang, Nu Skin's chief scientific officer. "Its extensive database of genetic tissue information related to the aging process and its proprietary algorithm provide the unique ability to identify aging-related genes. Few labs in the world can match this capability. We are delighted to welcome the LifeGen team to our own team of world-class scientists." The company initiated its scientific collaboration with LifeGen in 2009. Since that time, LifeGen's proprietary genetic science has supported Nu Skin's 'super class' of anti-aging products, including the company's most recent introduction of the ageLOC R2 nutritional supplement. The acquisition will further enhance Nu Skin's position as a leader in the anti-aging industry by bringing LifeGen, a company based on more than 30 years of aging research, in house. "We are pleased to see LifeGen joining the Nu Skin family and cementing our relationship with the company's research and development team as we continue to break new ground in understanding the relationship between gene activity and the nutritional control of the aging process," said Richard Weindruch, Ph.D., co-founder of LifeGen Technologies. "Since 2009, we have had the pleasure of working closely with Nu Skin's research and development team. We have found significant synergies between our anti-aging expertise and Nu Skin's innovative product development process and extensive knowledge of natural ingredients," added Tomas Prolla, Ph.D., co-founder of LifeGen Technologies. "Working together, LifeGen and Nu Skin will continue to develop the world's largest database of gene expression changes associated with aging and nutritional interventions. We believe this unique resource will allow Nu Skin to continue to launch science-based products that effectively slow aging." Pursuant to the terms of the letter of intent, the acquisition is subject to completion of a definitive purchase agreement, due diligence and other closing conditions. Assuming satisfactory due diligence, Nu Skin expects to close the acquisition prior to the end of the year. |
Nu Skin Stock Up 34 Percent Year to Date |
Npros.com | 10/11/2011 According to The Salt Lake Tribune/Bloomberg Index, made up primarily of companies with market capitalizations of $1 billion or less, shares of Nu Skin Enterprises gained 34 percent during the first nine months of 2011. Nu Skin was the best-performing company on The Tribune/Bloomberg Index.Ritch Wood, Nu Skin's chief Financial Officer, said, "Our gain so far this year is the culmination of several years of strong performance and new-product launches. We’ve been seeing strong sales growth in many of the emerging markets, along with Southeast Asia and mainland China." |
Nu Skin Wins Excellence Award |
Press Release | 7/27/2011 Nu Skin Enterprises, Inc. was recently praised for a second year with two Communitas Awards for outstanding corporate social responsibility programs through the Nu Skin Force for Good Foundation. The awards recognize the foundation's ongoing support of the School of Agriculture for Family Independence (SAFI) at Mtalimanja Village in Malawi, as well as a collective of grants to help improve the education of children around the world."Having just witnessed 60 students graduate from the School of Agriculture in Mtalimanja Village, this recognition is particularly meaningful," said Truman Hunt, Nu Skin president and chief executive officer. "Nu Skin's mission to be a force for good in the world by empowering people to improve lives is very evident as these families are now able to be self-reliant in supporting their families through small-scale agriculture." More than 1,000 Malawian and international guests celebrated the graduation of the second class of students to complete the two-year SAFI program. Husbands and wives received their diplomas together and were congratulated by school and local officials, including the First Lady of Malawi, Callista Mutharika. The Nu Skin Force for Good Foundation provides sustainable aid to the people of Malawi with support for SAFI. While at Mtalimanja, husbands and wives attend class together and their children are able to attend school. When the families return to their home village a second year of study is accomplished through an extension program. Malawians completing the SAFI program see as much as a 700 percent increase in their harvest of maize, soy and peanuts, which is enough to feed their family for a year, improve their living conditions and send their children to school. Nu Skin was also recognized for its collective effort in improving education for children around the world through grants to improve literacy and educational opportunities. In 2010, the Nu Skin Force for Good Foundation funded 74 scholarships for secondary and post-secondary students in Malawi, built two new libraries for elementary schools in rural Korea serving more than 130 schoolchildren, and provided a grant to rebuild a school for 900 children in Haiti destroyed during the January 2010 earthquake. |
Nu Skin Approved For China |
Press Release | 4/29/2011 Nu Skin Enterprises, Inc.announced today that it has received official notification from the Chinese Ministry of Commerce of its approval to commence direct selling activities in four additional provinces and one municipality in mainland China. The provinces include Zhejiang, Guizhou, Sichuan, Shandong and the municipality of Tianjin. This is the fourth round of licenses granted to Nu Skin in China and adds to existing approvals in Beijing, Shanghai and Guangdong."We are pleased with the receipt of these additional approvals which will allow us to augment our existing business model in these provinces with a direct selling component," said Truman Hunt, president and chief executive officer. "Our business in China is growing at a robust rate, thanks to a dedicated sales force working closely with management and staff, and we look forward to continued expansion in this key market." |
Nu Skin Presents ageLOC Science |
Press Release | 3/30/2011 New research from Nu Skin Enterprises, Inc. identifies nutritional interventions to help reset the expression of genes responsible for cellular purification. The research was presented at the Oxidative Stress & Disease Gordon Research Conference March 13-18 in Ventura, Calif."This research identifying groups of genes and genetic pathways that change in expression as we age is essential to building our proprietary ageLOC science that targets the sources of aging," said Joe Chang, Ph.D., Nu Skin chief scientific officer and executive vice president of product development. "As we target groups of genes – or Youth Gene Clusters – with specific functions such as cellular purification, we can then screen natural ingredient compounds for their effectiveness in resetting the expression of those Youth Gene Clusters towards more youthful patterns. This research expands our innovative ageLOC technology and has application for the discovery of novel nutritional interventions." Nu Skin's unique approach to anti-aging draws on exclusive access to 30 years of anti-aging genetic research and the study presented at the Gordon Research Conference identifies Youth Gene Clusters related to cellular purification, as well as nutrients and plant extracts that can directly target and reset the expression of those genes. The strength of this research is found in the in vivo screening of several different natural compounds for the ability to oppose age-related changes in gene expression that are integrally involved in cellular purification. Specific ingredients were demonstrated to modulate genes involved in cellular purification, the synthesis and regulation of intrinsic antioxidants, and supporting healthy inflammatory balance. This technique affords an opportunity to define the optimal blend of ingredients that can oppose genetic changes in these key pathways directly related to human aging. With age, the cellular purification system in human bodies may become less effective, which can lead to accumulation of metabolic waste, harmful byproducts and cellular damage. The impairment of this intricate purification process can in turn accelerate aging. |
Nu Skin Gives Update On Japan Court Case |
Press Release | 3/30/2011 Nu Skin Enterprises, Inc. announced today that the Tokyo District Court issued its ruling on a dispute between the company and Japan Customs. The District Court upheld previous assessments by Japan Customs of approximately $33 million in customs duties on the company's products from 2002 to 2005."We strongly disagree with the court's decision and are likely to appeal," said Ritch Wood, chief financial officer for Nu Skin. "As a result of this decision, however, we plan to take a charge of approximately $33 million this quarter. The charge is a non-cash item as the company was previously required to pay the assessments." Given the recent natural disasters in Japan, the company also provided an update on the potential impact on its Japan operations. "First and foremost, our hearts go out to those impacted in Japan," said Truman Hunt, president and chief executive officer. "Our primary concern is the safety of our sales leaders, staff and all those who have been affected by these disasters. Gratefully, we can report that all of our employees, as well as our top sales leaders are accounted for and we continue to reach out to all of our distributors in the heavily impacted areas." "To support our distributors throughout Japan, our team has been working diligently to bring us back to a fully operational level. We have modified business hours to accommodate commuting delays for many of our employees. Product orders continue to be received and shipped to distributors and customers, with the exception of shipments to the most severely impacted areas, which account for less than 10 percent of our business in Japan. "Because our sales leaders work to achieve sales targets on a monthly basis, we will have a clearer understanding of the impact of the natural disasters after the end of the month. As of today, we believe that the first-quarter negative impact on our Japan revenue will be approximately $3 to $5 million and $0.01 to $0.02 to earnings per share. We believe this first-quarter impact will largely be offset by strength from our other markets and favorable foreign currency moves. We will continue to provide transparency by issuing a high-level update on the company's first-quarter results by April 6," concluded Hunt.
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Personal Products Industry Crowns Nu Skin |
Press Release | 3/24/2011 Below are the top five companies in the Personal Products industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.Nu Skin Enterprises (NUS) ranks first with a gain of 1.04%; Medifast (MED) ranks second with a gain of 1.04%; and Herbalife (HLF) ranks third with a gain of 0.02%. Alberto-Culver (ACV) follows with a loss of 0.08% and Avon Products (AVP) rounds out the top five with a loss of 0.96%. SmarTrend currently has shares of Alberto-Culver in an Uptrend and issued the Uptrend alert on August 25, 2010 at $30.21. The stock has risen 23.2% since the Uptrend alert was issued. |
Nu Skin Announces Eight Percent Dividend Increase |
Npros.com | 2/9/2011 Nu Skin Enterprises, Inc. (NYSE: NUS) today announced that its board of directors has declared an eight percent increase in the quarterly cash dividend to $0.135 per share. Annually, this would increase the dividend to $0.54 from $0.50 in the prior year. The increase begins in the first quarter and will be paid on March 16, to shareholders of record on Feb. 25."Given our strong cash flow position and financial stability, we are able to increase our dividend for the tenth consecutive year," said Truman Hunt, president and chief executive officer. "The dividend increase is an effective use of our cash and demonstrates our commitment to consistently increasing shareholder value." About Nu Skin Enterprises Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. The company’s scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC™ science that addresses aging at its source. The company’s anti-aging products feature the new ageLOC suite of products including the ageLOC Transformation daily skin care system, ageLOC Future Serum and the ageLOC Edition Galvanic Spa® System II, as well as the ageLOC Vitality nutritional supplement. A global direct selling company, Nu Skin operates in 51 markets worldwide and has nearly 800,000 independent distributors. Nu Skin is traded on the New York Stock Exchange under the symbol “NUS. Please note: This filing contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including the company's current expectations regarding the amount and timing of future dividend payments. These forward-looking statements reflect the company's current estimates and expectations and are subject to various risks and uncertainties that could cause actual results to differ materially from any forward-looking statement in this filing. These risks and uncertainties include the risk that any negative changes in the company's net earnings, financial condition, cash requirements, future prospects or other factors deemed relevant by the company's board of directors could cause the company to reduce or discontinue the payment of quarterly dividends. The forward-looking statements contained herein are further qualified by the risks discussed in company filings with the U.S. Securities and Exchange Commission, which risks could cause actual results and outcomes to differ materially from expected results and any forward-looking statements or views expressed herein. The company undertakes no obligation to publicly update any forward-looking statement contained in this press release, whether as a result of new information, future developments or otherwise, except as may be required by law . SOURCE Nu Skin Enterprises, Inc. |
Nu Skin Press Release |
Press Release | 11/17/2010 Nu Skin President of Southeast Asia Named Best Asian Executive by International "Stevie" AwardsProvo, UT (PRWEB) November 15, 2010 Nu Skin President of the Southeast Asia Region Melisa Tantoco-Quijano was honored as the Best Asian Executive by the 2010 International Stevie Awards for Women in Business. The awards recognize the accomplishments of outstanding women executives, business owners and the organizations they run. "Melisa is an invaluable member of the Nu Skin team and highly deserving of this recognition," said Truman Hunt, Nu Skin president and chief executive officer. "Under Melisa's leadership, the Southeast Asian region has become the jewel of Nu Skin and is currently the fastest growing region for the company. Melisa also exemplifies the Nu Skin culture through her unyielding commitment to supporting our local sales leaders, as well as her long-standing dedication to the Southeast Asia Children's Heart Fund." Overseeing six countries, more than 300 employees and nearly 4,000 executive distributors, Quijano led Southeast Asia to a strong year in 2009, generating $109 million in revenue. Southeast Asia reported significant growth for eleven consecutive quarters beginning in 2008. Revenue in South Asia/Pacific was $50.2 million for the third quarter of 2010, a 55 percent improvement over the prior year. In addition to her sharp business acumen, Quijano also serves as an honorary board member of the Pediatric Cardiac Surgery Foundation of Thailand, a board member of the CHILD Foundation in the Philippines and board member of the Southeast Asia Children's Heart Fund. Nu Skin was also recognized as a finalist in the Best New Product of the Year category of the 2010 International Stevie Awards for Women in Business for its ageLOC Transformation daily skin care products and ageLOC Edition Galvanic Spa System. Nu Skin ageLOC skin care products were awarded the Best New Product of the Year at the 2010 International Business Awards in September. Nu Skin's Galvanic Spa features patented self-adjusting currents that, together with Nu Skin's specially formulated treatment products, deliver key anti-aging ingredients to your skin. People all over the world are discovering that the Galvanic Spa and complementary ageLOC skin care products can give spa-like results in the comfort and convenience of their own home and for a fraction of the price. More than 1,200 nominations were submitted to the International Stevie Awards for Women in Business, a record total for the competition, for consideration in 54 categories by organizations in Australia, Austria, Bulgaria, Canada, France, Germany, Japan, Israel, Malaysia, Mexico, Sri Lanka, Turkey, the United Kingdom and the United States. About the International Business Awards Nicknamed the Stevie® for the Greek word "crowned," Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business and The Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevie Awards recognize outstanding performances in the workplace worldwide. About Nu Skin Enterprises, Inc. Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. Nu Skin's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC? science that addresses aging at its source. The company's anti-aging products feature the new ageLOC portfolio of skin care products including ageLOC Future Serum and the ageLOC Edition Galvanic Spa® System II, as well as Tru Face® Essence Ultra and LifePak® Nano. A global direct selling company, Nu Skin operates in 50 markets worldwide and has more than 785,000 independent distributors. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS." More information is available at www.nuskin.com. |
Nu Skin Introduces ageLOC Nutritional Product |
Press Release | 10/7/2010 Nu Skin Introduces First ageLOC Nutritional Product Company Takes the Battle on Aging 'Inside' with ageLOC Vitality PROVO, Utah, Oct. 6 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) announces its first ageLOC™ nutritional product, ageLOC Vitality. The company is rolling out the product to top sales leaders this month at sold-out conventions in North America, Japan, Europe and the Pacific. As part of the pre-launch of the product, distributors in the United States, Canada and Japan had the opportunity to purchase ageLOC Vitality in September."With the blockbuster success of the ageLOC Transformation skin care system, we are continuing to build the ageLOC platform by taking the battle against aging 'inside,'" said Truman Hunt, Nu Skin president and chief executive officer. "It is particularly encouraging to see our sales leaders responding so positively to ageLOC Vitality and the business opportunity it represents." According to Datamonitor, 85 percent of global consumers are concerned about their energy and stamina levels and by the time they reach their mid- to-late thirties, most adults report a decline in youthful vitality before they notice their first wrinkle. "The key source of youthful vitality is found in mitochondria, which are most highly concentrated in the brain, heart and muscle," said Dr. Joseph Chang, Ph.D., Nu Skin chief scientific officer and executive vice president of product development. "As we age, the efficiency and number of our mitochondria decline. Nu Skin's ageLOC approach targets genes related to mitochondrial function and vitality to promote a more youthful expression pattern." ageLOC Vitality is formulated to improve three dimensions of vitality, including physical vigor, mental acuity and sexual health, by promoting healthy gene activity associated with youthful vitality. With consistent use, the product helps raise baseline energy and avoid the highs and lows typically caused by harsh stimulants and excessive sugar. About Nu Skin Enterprises, Inc. Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. Nu Skin's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC™ science that addresses aging at its source. The company's anti-aging products feature the new ageLOC family of skin care products including ageLOC Future Serum and the ageLOC Edition Galvanic Spa® System II, as well as Tru Face® Essence Ultra and LifePak® Nano. A global direct selling company, Nu Skin operates in 50 markets worldwide and has more than 785,000 independent sales representatives. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS." More information is available at http://www.nuskin.com. Please note: This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's results of operation and strategy. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties discussed in company filings with the U.S. Securities and Exchange Commission, which could cause the company's actual results to differ materially from expected results. The company undertakes no obligation to publicly update any forward-looking statement contained in this press release, whether as a result of new information, future developments or otherwise, except as may be required by law. |
Nuskin To Launch Vita meal Program |
Npros.com | 9/3/2010 A new program called "Vita-Meal" from Nuskin is about to be launched with two thumbs up from The Ministry of Health. The product is designed for malnourished children and aims to reduce the malnutrition rate from the current seven per cent.During a nutrition conference designed to help dieticians continue with their nutritional education, Neil Sharma, head of the Health Ministry told the board members that they needed to work more effectively to progress the operations in 2010 onwards. Dr Sharma informed the dieticians that their support would be paramount. "The programs will help target our Millennium Development Goals 4 and will lead to a healthier future generation of Fiji Citizens. Past mismanagement in the distribution network of powdered milk for such kids will not be tolerated." he said. According to Litia Tuinakelo, Program Officer for The National Iron and Micronutrient Supplementation (NIMS) program, the "Vita meal" program was for children from six months old to two years. She also indicated that mothers would receive supplementation from their baby clinics, and that Nuskin was depending on the support of parents and guardians to ensure that the program was successful. "This is the second stage of the NIMS program, which will target children less than two years." said Tuinakelo Tuinakelo added that children would only be given the tablets if their parents or guardians consented. |
New details surface in Nu Skin theft case |
Npros.com | 8/26/2010 Three individuals who stand accused of stealing from Nu Skin will continue to wait another several weeks to determine if they will be facing a jury for theft by receiving, money laundering and selling articles carrying a registered trademark. Scott Lazerson, Elizabeth Craig and Brady Harper may possibly face the testimony of six witnesses, including Nu Skin employees and a detective from the Provo Police Department.The hearing will be ruled by Judge Darold McDade after prosecutor Sherry Ragan and all three defense attorneys submit written memoranda in favor of their positions. All three defendants are accused of receiving in-kind donations from Nu Skin employees after claiming that the products would be used to help people in Third World countries. The products were then sold on eBay and Amazon.com for profit. Police were contacted once Nu Skin employees saw the heavy volumes of Nu Skin items being sold on eBay and other similar sites. Investigations led to several storage units in Orem due to a tip from Harper's estranged wife. An accountant for New Light, the company Craig and Harper owned to sell the Nu Skin products online, testified that when he was hired, he was told the company was selling Nu Skin products and that some people in the area might find it offensive. He was then advised not to let too many people know what he was doing. The accountant estimated that Harper took roughly $70,000 to pay for living expenses, while Craig took about $30,000. He also claimed that Craig would write checks that could have totaled more than $70,000, which went to mortgage payments, bills and two vehicles. Shatie Moulton, a former employee testified that she gave Lazerson 15 to 20 pallets worth of merchandise that had been returned or opened for quality control and could not be sold. The product included vitamins, toothbrushes, and toothpaste. "Would you have given him those items if you had known what you know now?" prosecutor Sherry Ragan asked; Moulton responded in the negative. When defense attorneys asked why Moulton had given Lazerson so many products outside of basic hygiene and vitamins; Patricia Geary Glenn, Craig's attorney, questioned the mascara and facial spa treatments going to a Third World country. |
Nu Skin to Present at Growth Conference |
Press Release | 8/6/2010 PROVO, Utah, Aug. 4 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) President and Chief Executive Officer Truman Hunt will present at the Canaccord Genuity Annual Growth Conference in Boston on Aug. 10.The company's presentation will be webcast live beginning at 3:30 p.m. EDT. Those wishing to access this presentation can visit the Investor Relations page on Nu Skin Enterprises' Web site, at http://ir.nuskin.com. The archive of the webcast will be available at this same URL through Aug. 27. The Company Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. Nu Skin's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its patent-pending ageLOC™ science that addresses aging at its source. The company's anti-aging products feature the new ageLOC family of skin care products including ageLOC Future Serum and the ageLOC Edition Galvanic Spa® System II, as well as Tru Face® Essence Ultra and LifePak® Nano. A global direct selling company, Nu Skin operates in 50 markets worldwide and has more than 785,000 independent sales representatives. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS." |
Nu Skin Tops Record Quarterly Results |
Press Release | 8/4/2010 Nu Skin Enterprises, Inc. today announced record quarterly results, with revenue of $388.4 million for the second quarter, a 20 percent improvement over the prior-year period. Quarterly revenue was positively impacted 4 percent by foreign currency fluctuations. Earnings per share for the quarter were $0.50, a 43 percent improvement, or 39 percent when excluding prior-year restructuring charges of approximately $0.01."The introduction of our breakthrough ageLOC skin care system has been a huge success around the world, generating $150 million of revenue in the past three quarters," said Truman Hunt, president and chief executive officer. "We continue to build tremendous energy within our distributor force, as demonstrated by a 15 percent quarterly growth rate in executive distributors. In addition, our continued focus on operational efficiency resulted in a record 15.2 percent operating margin for the quarter, evidence of our ability to leverage revenue growth to improve profitability." Regional Results North Asia. Second-quarter revenue in North Asia grew 12 percent to $164.1 million, compared to $146.7 million for the same period in 2009. Revenue was positively impacted 7 percent by foreign currency fluctuations. Local-currency revenue increased 28 percent in South Korea, offsetting a 3 percent local currency decline in Japan. The number of executive and active distributors in the region was up 4 percent and 2 percent, respectively, compared to the prior year. Americas. Second-quarter revenue in the Americas was $62.4 million, compared to $62.2 million for the prior year. Revenue in the United States improved 3 percent, offsetting a local currency decline of 12 percent in Canada, and 19 percent in Latin America. The number of executive distributors in the region increased 3 percent compared to the prior year, while the number of active distributors declined 1 percent. Greater China. Revenue in Greater China improved 53 percent to $80.6 million for the quarter, and was positively impacted 2 percent by foreign currency fluctuations. Local-currency revenue in both Mainland China and Taiwan improved 18 percent. Hong Kong revenue improved 162 percent, reflecting sales from the launch of the Nu Skin ageLOC(TM) Transformation System at the Greater China convention. The executive distributor count in the region increased 37 percent, and the number of active distributors improved 11 percent. Europe. Second-quarter revenue in Europe was $35.3 million, a 10 percent improvement over the prior-year. Results in the region were negatively impacted approximately 5 percent by foreign currency fluctuations. Executive and active distributor counts in the region increased 16 percent and 15 percent, respectively, compared to the prior year. South Asia/Pacific. Revenue in South Asia/Pacific was $45.9 million for the second quarter, a 60 percent improvement over the prior year. Regional results were driven by solid performances in all markets and were positively impacted 13 percent by foreign currency fluctuations. The region's second-quarter executive count improved 44 percent, while the active distributor count increased 10 percent. |
Nu Skin Reveals LifeGen Research |
Press Release | 7/15/2010 Nu Skin and its research partner LifeGen Technologies presented their latest research findings on how dietary interventions affect aging and longevity at the First International Congress on Controversies in Longevity, Health and Aging (CoLONGY) in Barcelona, Spain. Nu Skin and LifeGen presented research on the identification of genetic biomarkers of aging, and how gene expression can be modulated by dietary interventions.“Nu Skin’s ageLOC approach to anti-aging looks at the level of genetic expression of aging and is supported by our partnerships with some of the best minds in anti-aging science, such as our colleagues at LifeGen Technologies,” said Joe Chang, Nu Skin chief scientific officer and executive vice president of product development. “Identifying functional Youth Gene Clusters and understanding how ingredients can target and reset those genes to a more youthful profile helps us develop next-generation skin care and nutritional products.” The joint research identified robust, tissue-specific panels of transcriptional biomarkers that are relevant to aging. Studies using whole-genome profiles of gene expression have identified thousands of genes that change activity patterns with age. Nu Skin is currently using these biomarkers in a pre-clinical study of dietary compounds to determine their ability to impact aging at the genetic expression level. This fall Nu Skin will introduce ageLOC Vitality, a new dietary supplement to address a key concern of aging – loss of vitality. The new product builds on the research presented at the CoLONGY conference and the company has submitted a patent application for the unique blend of ingredients that have been identified with this technology to support youthful genetic expression of vitality. |
Nu Skin Launches New Contest |
Press release | 7/6/2010 Nu Skin Enterprises, a leading anti-aging consumer products company, today announced the launch of a global search for those Nu Skin distributors and customers who defy their age and embody the Nu Skin spirit of ‘living young.’ The company has partnered with the New York-based agency Don Jagoda Associates (DJA) to execute its ‘Keep Your Age a Mystery’ photo challenge that will span nearly 50 countries.“Our new ageLOC skin care products are transforming our business and more importantly, our international sales force,” said Dan Chard, president of global sales and operations for Nu Skin. “This photo challenge celebrates sales representatives and preferred customers who embody Nu Skin’s spirit of ‘living young’ and have chosen to use Nu Skin’s ageLOC products to help maintain their youthful appearance. As an international company that provides the opportunities and products to help people look and feel young, we’ll be searching the globe to identify youthful faces of every age.” “While DJA has been developing contests and sweepstakes for some of the best brands in the business since 1962, the Nu Skin contest is unprecedented in terms of its scope and international reach,” said Suzanne Gulbransen, senior vice president of DJA. “We’re pleased to join Nu Skin in executing its ‘Keep Your Age a Mystery’ photo challenge and look forward to helping them identify and recognize winners from around the world.” As part of the contest, Nu Skin distributors and customers can enter the “Keep Your Age a Mystery” photo challenge at the contest website, www.keepyourageamystery.com. The site also features interactive games and highlights other international winners. Contest winners will be selected based on their youthful appearance relevant to their actual age, among other criteria outlined in the contest’s official rules. In addition, weekly winners will be selected and made eligible for many prizes including luxury vacations and cruises, as well as celebrity-style photo shoots. |
Nu Skin Enterprises Dubs New Management |
Press Release | 6/15/2010 Nu Skin Enterprises, Inc. today named Luke Yoo president of the company's North Asia region, which includes the company's businesses in Japan and South Korea. Yoo will fill the role formerly held by Brett Nelson who has accepted the position of president of Nu Skin North America. Ryan Napierski has been named as president of Nu Skin Japan, a role also formerly held by Brett Nelson.In addition to Yoo's new position as president of the North Asia region, he will continue in his role as president and general manager of the company's highly successful South Korea business. Since 2008, he has served as both vice president of the North Asia region and president of Nu Skin Korea. "Luke is a highly accomplished leader who has helped South Korea become one of Nu Skin's top markets," said Truman Hunt, Nu Skin president and chief executive officer. "He has led our Korea business to record levels during his tenure and has pioneered many of the company's most beneficial strategies, including the five-step product launch process that we implemented globally with the highly successful roll out of our new ageLOC products. We are delighted to have such a capable leader focusing more of his time and attention on the important Japan market." Yoo joined Nu Skin South Korea in 1999 and has served as president and general manager of Nu Skin's South Korea operations since 2003. A South Korean native, he received bachelor's degrees in both business management and computer science at Brigham Young University. He will relocate from Seoul to Tokyo in June. "Brett is a direct selling veteran who has established a solid foundation for success in North Asia," said Hunt. Prior to his current appointment as president of North America, Nelson served as president of North Asia and president of Nu Skin Japan. He has also served as vice president of global distributor support, president of Southeast Asia, general manager of Canada and vice president of business support and sales. Ryan Napierski , a 15-year Nu Skin veteran, will now serve as president of Nu Skin Japan. In his new role, Napierski and his team will continue to focus on objectives, strategies and initiatives that are helping return the company's Japan business to growth. "Indicative of our Nu Skin leadership pipeline, Ryan has already played a key role in Japan and is well positioned to immediately step into this role," said Hunt. "Ryan has repeatedly proven himself a capable leader, and I am confident that he will continue to successfully partner with our distributors in Japan as we build momentum in this key market." Prior to his new assignment, Napierski served as vice president of business development for the company's North Asia region and chief operating officer of Nu Skin Japan. Since joining Nu Skin in 1995, Napierski has served in several roles, including vice president of global business development for corporate distributor success where he was responsible for the global compensation plan, general manager for the United Kingdom, and vice president of European business development. Napierski has a bachelor's degree in business, a master's degree in business administration from Duke University and a master's degree in international business from Goethe Universitat in Germany. |
Nu Skin Board Chairman Sells off 4M Shares |
Npros.com | 6/10/2010 Blake Roney, Chairman of the Board of Nu Skin Enterprises Inc, and 10% company owner, sold 4 million shares of his stock on June 9, 2010 at an average price of $25.65 per share. Generally not considered a good sign of internal financial stability, the selling of company stock by a board member, especially in vast amounts, can be the signal for the demise or downturn of the company at worst, and a corporate buyout or takeover at best.The full financially explicit article can be read at the link below.
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Nu Skin Engages In Secondary Stock Offering |
Press Release | 6/4/2010 Nu Skin Enterprises, a US-based distributor and developer of personal care products and nutritional supplements, has commenced an underwritten secondary public offering of 4.46 million shares of its class A common stock.The shares are being sold by three of the company's founders who currently serve as members of the company's board of directors and a donee who will receive its shares of class A common stock from one of these founders. In connection with the offering, some of the selling shareholders have granted to the underwriters an option to purchase up to 669,000 additional shares. No shares are being sold by the company, nor will the company receive any proceeds from the proposed offering. JP Morgan Securities and Deutsche Bank Securities are acting as joint book-running managers for the offering. Canaccord Genuity, Stifel, Nicolaus & Company, Avondale Partners, Sidoti & Company, and Moelis & Company are co-managers of the offering. |
Nu Skin Scores Highest Margin In Personal Products Industry |
Press Release | 5/31/2010 Below are the top five companies in the Personal Products industry as ranked by gross margin. Gross Margin tells you how many of your sales dollars are profit. If efficiency is improved, more profits will result. Nu Skin Enterprises (NYSE:NUS) has gross margin of 82.2%, a sales growth of 22.9%, and trailing 12 months sales of $1.4 billion. USANA Health Sciences (NASDAQ:USNA) has gross margin of 80.7%, a sales growth of 22.4%, and trailing 12 months sales of $458.7 million. Estee Lauder (NYSE:EL) has gross margin of 76.2%, a sales growth of 9.6%, and trailing 12 months sales of $7.6 billion. Medifast (NYSE:MED) has gross margin of 75.5%, a sales growth of 75.1%, and trailing 12 months sales of $192.5 million. China-Biotics (NASDAQ:CHBT) has gross margin of 70.9%, a sales growth of 47.3%, and trailing 12 months sales of $71.4 million. SmarTrend is bearish on shares of CHBT and our subscribers were alerted to Sell on May 05, 2010 at $15.93. The stock has fallen 5.8% since the alert was issued. |
Nu Skin Will Announce 2010 Quarter 1 Results |
Npros.com | 4/21/2010 Nu Skin Enterprises will release its first-quarter financial results before the market opening on April 28, 2010.The company president and chief executive officer, Truman Hunt, will be hosting a conference call with the investment community at 11 a.m. (EDT). During the call, participants will observe management discussing recent figures as well as future endeavors. In addition to the content of the conference call, basic financial information will be included in a webcast that will be made available in the investor section of the Nu Skin web site as well as a replay on Friday, May 14, 2010. |
Nu Skin Wins 2 Awards for Community Service |
Npros.com | 3/9/2010 Nu Skin Wins 2 Awards for Community ServicePROVO, Utah (Vocus/PRWEB ) March 9, 2010 -- Nu Skin Enterprises Inc http://www.nuskinenterprises.com was recognized for outstanding corporate social responsibility programs with the presentation of two Communitas Awards. The awards are given by the Association of Marketing and Communication Professionals (AMCP) for excellence in community service and for ethical and environmental responsibility. The Communitas Awards is an international effort to recognize the spirit of communitas, people helping people. “This honor is particularly meaningful because it recognizes our mission to be a force for good in the world by empowering people to improve lives,” said Truman Hunt, Nu Skin president and CEO. “It’s our giving culture that unites our global family of distributors, customers and employees in innovative efforts that multiply our ability to help people around the world. These efforts are particularly evident in the work we do through the Nu Skin Force for Good Foundation and the company’s Nourish the Children initiative.” This honor is particularly meaningful because it recognizes our mission to be a force for good in the world by empowering people to improve lives by recognizing individuals, organizations and companies for their volunteerism and socially responsible business practices, we are hoping to not only bring attention to great programs, but are working with community minded leaders to make the spirit of communitas an essential element of every business Excellence in Community Service In the “Excellence in Community Service” category, Nu Skin was recognized for its collective effort in a company sponsored volunteer project known as Force for Good Day. Each year, Nu Skin employees and distributors around the world demonstrate their commitment to be a force for good through a service-oriented celebration. Annual “Force for Good Day” projects engage employees and distributors in meaningful humanitarian service in their local communities, while simultaneously celebrating Nu Skin’s rich culture and history and enriching lives of thousands of children. In 2009, employee projects ranged from assembling art supply kits for a local children’s group to renovating classrooms and playgrounds for underprivileged pre-school and school-age children. Ethical and Environmental Responsibility Nu Skin was also recognized for its sustainability efforts in the category of ethical and environmental responsibility. To help protect the supply of natural resources in Malawi, the Nu Skin Force for Good Foundation has developed the Seeds of Hope project in conjunction with Baobab Body Butter in its Epoch line of ethnobotanical products. Twenty-five cents from the sale of every Epoch Baobab Body Butter is donated to the Nu Skin Force for Good Foundation for the Seeds of Hope project. These funds are used to purchase and plant a variety of important and useful trees for the people of Malawi, including baobab trees and fruit trees. In 2009, Nu Skin distributors had sold enough Epoch Baobab Body Butter to donate and plant more than 100,000 trees in villages in Malawi. In addition to the Seeds of Hope project, the Nu Skin Force for Good Foundation provides sustainable aid to the people in Malawi with its “Build a Village” project to help the people of Malawi become self-sufficient by learning advanced agricultural skills. The foundation helped build an actual village where 30-40 families can come and live for two years while they are trained in a variety of disciplines. Husbands and wives attend class together and their children attend school. In 2009, the first class of 33 families graduated from the School of Agriculture for Family Independence (SAFI) at Mtalimanja Village and returned home to implement their new skills and teach them to others. The Company Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. Nu Skin’s scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC™ science that addresses aging at its source. The company’s anti-aging products feature the new ageLOC family of skin care products including ageLOC Future Serum and the ageLOC Edition Galvanic Spa System II, as well Tru Face® Essence Ultra and LifePak® Nano. A global direct selling company, Nu Skin operates in 48 markets worldwide and has more than 750,000 independent sales representatives. Nu Skin is traded on the New York Stock Exchange under the symbol “NUS.” More information is available at http://www.nuskin.com |
Downtrend in Nu Skin Shares |
Npros.com | 1/29/2010 Nuskin Enterprises Inc is scheduled to announce its results for the December quarter on February 4, 2010. The multi national manufacturer of anti-aging products is forecasted to post a marginal decline in earnings down to $0.40 per share.The company had projected its earnings for the earlier quarter on the consensus expectations of $0.41, suggesting earnings growth of 52.60% y/y. Nuskin is slated to generate 15% earnings growth in 2010 having recently hiked its dividend to $0.115 per share, and upping its dividend yield to an industry-leading 1.90%. NUS also shows proficiency in terms of net profit margins, which at 6% bests the industry average of 4%. NUS’ return on equity (ROE) stands at 22.50%, towering the industry average of -2%. In addition, NUS’ 52-week trading range is $7.90-$28.78, while the stock is currently trading at $24.17. |
Nu Skin Press Release |
PR Web | 1/28/2010 Consider case studies of three Americans who successfully followed through on their financial resolutions and ultimately realized both professional and personal rewards by building an independent Nu Skin business. Nu Skin is a $1.3 billion publicly-traded direct selling company focused on the explosive anti-aging market.To find out how a Nu Skin business can help you with your financial resolutions and personal goals, visit http://www.nuskin.com/nuskin/us/en/home/opportunity_video2.html. |
Nu Skin Gears Up For Thailand Expansion |
Bangkok Post | 1/26/2010 The health products direct-sales company Nu Skin Enterprise (Thailand) is aiming for 20% sales growth to 1.8 billion baht this year, spurred by heavier promotion of its top-selling LifePak dietary supplement line.General manager Pakapun Leevutinun said health consciousness was growing rapidly in Thailand and LifePak was well-known among its existing customers and generated highest revenue to the company. Consequently, if the company seriously promotes the product, it will help to attract new customers and lift sales this year. |
Nu Skin Appoints New Scientific Advisor |
PR Newswire | 1/13/2010 Nu Skin Enterprises, Inc. (NYSE: NUS), a premier anti-aging company, announced Stuart Kim, Ph.D., professor at Stanford University in the departments of Developmental Biology and Genetics, as a new member of the Nu Skin Anti-Aging Scientific Advisory Board. Dr. Kim will provide insights on the molecular analysis of aging science."We are honored to welcome Dr. Kim to the Nu Skin Anti-Aging Scientific Advisory Board and believe that our collaboration with him will increase our scientific efforts to target the sources of aging," said Joseph Chang, Ph.D., Nu Skin chief scientific officer and executive vice president of product development. "Dr. Kim has spent much of his career studying the genetic basis of aging and has garnered significant attention in the scientific community related to his identification of an important gene that could play a critical role in aging. This important work will add to the further understanding of the molecular mechanism by which certain proteins regulate aging." |
Nu Skin Introduces ageLOC |
Press Release | 12/22/2009 Nu Skin Enterprises, Inc. introduced the new ageLOC Future Serum to more than 10,000 sales representatives at its launch event in Japan. Japanese distributors were eager to be in the first market to fully launch one of the company's new ageLOC skin care products that targets the sources of aging by resetting youth gene clusters to a more youthful pattern. The ageLOC products are marketed as 'genLOC' in Japan."We continue to believe that ageLOC will be the biggest global product launch in Nu Skin history and are pleased to begin the roll out in Japan," said Truman Hunt, Nu Skin president and chief executive officer. "We are committed to fueling the positive trends we are seeing in Japan and believe that the introduction of ageLOC will help in generating distributor enthusiasm in this important market. |
Nu Skin in TheStreet |
TheStreet.com | 12/9/2009 Modernity is synonymous with vanity. The status-anxious consumer will shell out for aesthetic upgrades, and investors can capitalize on the trend. Nu Skin Enterprises(NUS Quote) is a small-cap skin-care specialist that offers international exposure and consistent growth. Its focus on anti-aging and weight-loss products is both savvy and lucrative. But with a $1.7 billion market value, Nu Skin is a personal-products stock off the beaten trail.The company's third-quarter net income surged 53% to $26 million, and earnings per share rocketed 54% to 40 cents. Revenue increased 8% to $334 million. Nu Skin's operating margin widened from 10% to 12%, helped by lower selling and administrative expenses. A $12 million restructuring charge hurt the bottom line. |
Nu Skin Sets New High For Year |
RTT News | 11/30/2009 Shares of Nu Skin Enterprises (NUS: News ) gapped up Monday and rose during the first half hour of trade. The stock moved in a narrow range for the remainder of the day and closed higher by $1.26 at $27.26.Nu Skin Enterprises climbed above a 2-week trading range Monday and set a new high for the year. |
Nu Skin Raises 4Q Sales Views |
Washington Post | 11/18/2009 Nu Skin Enterprises Inc. raised its fourth-quarter estimates Tuesday, citing in part better sales of its anti-aging skin care products.The company said prelaunch activity for its anti-aging ageLOC skin care system is going well, and it expects sales in Japan to improve. The weaker dollar will benefit its sales more than previously expected. Nu Skin, which also sells nutritional supplements, is now forecasting a profit of 37 cents to 39 cents per share in the fourth quarter, up from 32 cents to 34 cents per share. Both estimates include restructuring charges of a penny per share. Nu Skin raised its revenue outlook to $360 million to $365 million, from $343 million to $348 million. |
Nu Skin to Hold 2009 Investor Day |
PR Newswire | 11/18/2009 Nu Skin Enterprises, Inc. (NYSE: NUS) today announced it will host its annual Investor Day presentation Tuesday, Nov. 17, at 9 a.m. at the Waldorf Astoria Hotel in New York City. Key members of Nu Skin's executive management team will discuss operational results and introduce 2010 plans.The event will be webcast and can be accessed by visiting the investor relations section of the company's Web site at http://ir.nuskin.com. To learn more about the event or to register, please e-mail your contact information to jcweight@nuskin.com. |
Nu Skin Operating Results |
GuruFocus.com | 11/10/2009 Nu Skin Enterprises, Inc. is a direct selling company that develops and distributes premium-quality, innovative personal care and nutritional products. The company also markets and distributes technology, Internet and telecommunications services and products. The company distributes its products exclusively through a network marketing system.They currently have a network of active distributors located throughout its markets that purchase products for resale to consumers and for personal consumption. Nu Skin Enterprises Inc. has a market cap of $1.57 billion; its shares were traded at around $25 with a P/E ratio of 19.53 and P/S ratio of 1.26. The dividend yield of Nu Skin Enterprises Inc. stocks is 1.84%. |
Nu Skin Announces Research Agreement with Stanford |
NPIcenter | 10/26/2009 Nu Skin Enterprises, Inc., today announced that it has entered into research agreements with Stanford University and LifeGen Technologies, a genomics company based in Madison, Wis. LifeGen co-founders, Richard Weindruch, Ph.D., and Tomas Prolla, Ph.D., will also hold positions on the newly formed Nu Skin Anti-aging Scientific Advisory Board."Nu Skin has established a 25-year legacy of product innovation and our research agreements with Stanford University and LifeGen Technologies add significant fuel to our scientific engine," said Joseph Chang, Ph.D., Nu Skin chief scientific officer and executive vice president of product development. "We believe that these collaborative relationships will help us develop next-generation skin care and nutritional products from an enhanced understanding of the genetic basis of aging." |
Nu Skin Signs Research Agreement with Stanford |
Trading Markets | 10/25/2009 Nu Skin Enterprises, Inc. has entered into research agreement with Stanford University, to develop skin care and nutritional products from an enhanced understanding of the genetic basis of aging. Both the partners are based in the US.NSE is a direct selling company engaged in the development and distribution of personal care and nutritional products. Deal Type Partnership Sub-Category Research and discovery,Development Deal Status Announced: 2009-10-22 Deal Participants Partner 1 (Company) Nu Skin Enterprises Partner 2 (Company) Stanford University
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Nu Skin Up on Unusual Rising Volume |
TransWorldNews | 10/17/2009 Nu Skin (NUS) Up on Unusual Rising Volume - Direct Sellers in the industry have upgraded Nu Skin which is up in price and volume so far today in the market.Last $21.64 Change up +7.03% Volume 498,797 About Nu Skin (NUS): Nu Skin Enterprises, Inc. develops and distributes personal care products and nutritional supplements worldwide. The company sells its personal care products under the Nu Skin brand and nutritional supplements under the Pharmanex brand. Its personal care product line includes core systems, targeted treatments, total care, cosmetic, and botanical-based Epoch line products. |
Nu Skin Enterprises Up 80 Percent |
TMCnet | 9/30/2009 SmarTrend, our proprietary pattern recognition system, called an Uptrend for Nu Skin Enterprises (NYSE:NUS) on March 26, 2009 at $10.16.Since then, Nu Skin Enterprises has returned 80.6% as of today's recent price of $18.36. Want to profit from these alerts? Go to www.mysmartrend.com now for a FREE two-week trial. |
NuSkin Cited in International Business Awards |
HealthySkinNews | 9/23/2009 NuSkin was recognized in seven categories at the 2009 International Business Awards including Chairman of the Year and Most Innovative Company in Asia. The awards ceremony, held in New York on 17 September, saw NuSkin founder and chairman of the board Blake M. Roney was named the 2009 Chairman of the Year. Nu Skin Korea was honored as the Most Innovative Company in Asia.Nu Skin Enterprises is one of only two direct selling companies to ever receive an International Business Award and the only direct selling company to win more than one. This accolade comes during a year of celebration for Nu Skin Enterprises as the company commemorates 25 years of business success. |
Nu Skin Reports First Quarter 2009 Results |
Npros.com | 5/5/2009 Nu Skin Enterprises, Inc. (NYSE: NUS) today reported first-quarter revenue of $296.2 million, compared to $298.1 million in the first quarter of 2008. Reported revenue for the quarter declined 1 percent, but increased 4 percent on a constant currency basis, reflecting a negative 5 percent impact from foreign currency fluctuations. Earnings per share for the quarter were $0.19, or $0.28 when excluding $9.4 million in planned restructuring charges, compared to $0.21 in the prior-year."We are very pleased with strong first-quarter results," said Truman Hunt, president and chief executive officer. "Our innovative products and attractive business opportunity continue to produce growth in this difficult economic climate. We are generating local-currency growth as well as strong distributor sponsoring numbers globally as more people are attracted to opportunities to supplement or replace income. "Our personal care business generated solid revenue growth of 19 percent in the quarter, driven by the continued success of the Nu Skin Galvanic Spa System. In addition, our restructuring efforts over the past three years are increasing profitability, as demonstrated by a significant improvement in first-quarter operating margin when excluding restructuring charges," said Hunt.
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Nu Skin First Quarter Below Estimates |
Trading Markets | 2/11/2009 Nu Skin Enterprises Inc. (NYSE: NUS | Quote | Chart | News | PowerRating) said it expects first quarter earnings of $0.22 to $0.24 per share on revenue of $290.0 million to $300.0 million. The current consensus earnings estimate is $0.27 per share on revenue of $306.0 million for the quarter ending March 31, 2009. The company said it expects 2009 earnings of $1.10 to $1.20 per share on revenue of $1.24 billion to $1.27 billion. The current consensus earnings estimate is $1.14 per share on revenue of $1.26 billion for the year ending December 31, 2009.This earnings guidance summary was provided by EarningsWhispers, a leading provider of earnings expectations - including corporate guidance announcements and analysts' expectations that differ from published estimates. |
Nu Skin to Expand Direct Sales Model in China |
Trading Markets | 1/20/2009 Nu Skin Enterprises has received official notification from the Chinese Ministry of Commerce of its approval to commence direct selling activities in four cities in the Guangdong province and Shenzhen City.Nu Skin said that the latest government approval gives the company the opportunity to offer a direct selling opportunity to residents of approved cities in Guangdong, the second largest province in China with a population of more than 94.5 million. The company has already received licenses to operate in Beijing and Shanghai. |
Nu Skin Receives China Charity Award |
StreetInsider.com | 12/31/2008 China region was honored with the China Charity Award, the most prestigious charity award in the country by the Chinese Ministry of Civil Affairs. Hu Jintao, president of the People's Republic of China, presented the award to Andrew Fan, president of the company's Greater China region, during an awards ceremony at the Great Hall of the People in Beijing."This year Nu Skin's culture of giving was demonstrated in numerous ways, particularly in China following the Sichuan earthquake and devastating snow storms," said Truman Hunt, president and chief executive officer of Nu Skin Enterprises. "We applaud our Greater China staff and sales force who came together to provide quick and significant relief to those affected by disaster. Nu Skin China truly made a difference as they executed on our mission to be a force for good in the world."
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Nu Skin Forecast Below Estimates |
Forbes | 12/6/2008 Nu Skin Enterprises Inc., which sells personal-care products and nutritional supplements, forecast slightly lower profit and revenue than analysts expected in 2009.The company said Thursday it expects to earn between $1.10 and $1.20 per share for the year, on $1.24 billion to $1.27 billion in revenue. That implies modest sales growth from 2008, as the company said revenue will grow 3 to 5 percent in local currency, but foreign exchange rates are expected to reduce revenue by 3 to 5 percent. On average, analysts expect a profit of $1.25 per share on $1.29 billion in revenue. |
Nu Skin Names President of Nu Skin Japan |
Trading Markets | 11/28/2008 Nu Skin Enterprises, a global direct selling company, has named Brett Nelson as the president of Nu Skin Japan. Mr Nelson will also continue in his role as president of the company's North Asia region, which includes Japan and South Korea.Truman Hunt, president and CEO of Nu Skin Enterprises, said: "Brett is a direct-selling veteran who is already having a positive impact on our Japanese operations and we are pleased to expand his influence in this important market. Brett has assembled a bright and capable local management team to help our Japanese distributors generate even greater success." |
Nu Skin to Hold 2008 Investor Day |
International Business Times | 11/28/2008 Nu Skin Enterprises, Inc.(NYSE: NUS) today announced that it will host its annual Investor Daypresentation the morning of Thursday, Dec. 4, 2008, at the Grand Hyatt Hotelin New York City. Key members of Nu Skin Enterprises' executive managementteam will discuss operational results and introduce 2009 plans.This event will be webcast and can be accessed by visiting the investorrelations section of the company's Web site at http://www.nuskinenterprises.com. |
Nu Skin Using New AntiAging Technology |
Inside Cosmeceuticals | 11/5/2008 Nu Skin Enterprises has incorporated a new anti-aging technology, ageLOC™, into its skin care products; the technology works to slow the effects of enzymatic breakdown and visibly benefit skin texture and tone. According to the company, scientists from Nu Skin and Purdue University worked collaboratively on developing the ageLOC technology, which is designed to inhibit age-related NADH oxidase (arNOX), a free radical generator that increase in activity with age. The enzyme is found on external cell membranes, including in the epidermis, and higher levels of arNOX are associated with increased oxidative damage and breakdown of skin integrity.
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Nu Skin Successful in the Philippines |
Manila Standard Today | 10/20/2008 After 10 years in the Philippines, global beauty and wellness direct-selling company Nu Skin has 7,000 active distributors in its sales force.This is the strength behind the company’s over $1 billion in sales and operations in 48 markets, including the Philippines. Melisa Tantoco-Quijano, Nu Skin’s president for Southeast Asia, says distributors in the country come from all walks of life but have one thing in common—a fervent passion for entrepreneurship and a goal to succeed.
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Nu Skin Expands in Key Asian Markets |
CosmeticsDesign.com | 6/9/2008 US specialist skin care player NuSkin has announced its expansion into the key Asian markets with the launch of new skin care products in the region.The expansion of its portfolio in Asia is also being accompanied by the introduction of new business initiatives, a global brand positioning and a new corporate identity. The company says it recently had 20,000 independent distributors from throughout Asia that attended sell-out conventions in Tokyo and Hong Kong. |
Nu Skin Unveils New Corporate Logo |
Daily Herald | 6/9/2008 Nu Skin Enterprises of Provo unveiled its new logo on the side of its corporate office building in Provo as part of its global branding campaign, "The Difference. Demonstrated," launched on Wednesday. Utah Gov. Jon Huntsman Jr. presided at the event.As part of Nu Skin's Fifth Annual Force For Good project, hundreds of its employees and their families also helped assemble 10,000 school supplies kits to be donated to 14 elementary schools in the Alpine, Provo, Jordan and Nebo school districts and also to children at Nu Hope Schools in China and the Pathway Orphanage in India. The company also collected nearly 9,000 books donated by its employees and local businesses including Costco, Mandalay Industries, Friends of the Provo Library, Scholastic Books and Worldwide Books to be included in the school kits. |
NuSkin Announces New Chief Marketing Officer |
NPIcenter | 6/2/2008 Nu Skin Enterprises today announced the appointment of Ashok Pahwa as the company's chief marketing officer (CMO). A veteran of the direct selling industry, Pahwa offers 25 years of strategic leadership experience in global marketing."Ashok brings a wealth of direct selling, consumer and online marketing expertise to Nu Skin Enterprises," said Truman Hunt, president and chief executive officer. "His formidable management skills and experience will help us as we seek to refine our product offerings and better articulate and elevate our global brand strategy. We are delighted to have Ashok join our team." |
NuSkin Announces Slate of Candidates for Board |
RTT News | 5/27/2008 Nu Skin Enterprises Inc. (NUS: News, Chart, Quote ) announced that its Board of Directors have nominated Thomas Pisano, Nevin Andersen and David Ussery to stand for election at the company's annual shareholder meeting on June 25.The company noted that the slate of nominees would also include 8 candidates who are currently serving as members of the company's board of directors. |
Nu Skin to Announce 1Q 2008 Results |
PR-CANADA.net | 4/22/2008 Nu Skin Enterprises, Inc. today announced it will release first-quarter financial results prior to the market opening on Thursday, May 1, 2008.Truman Hunt, president and chief executive officer, will host a conference call with the investment community later that same day beginning at 11 a.m. (ET). During the call, participants can expect to hear management review past results and discuss upcoming plans and business initiatives. |
Nu Skin Earnings Down 63 Percent |
Trading Markets | 3/12/2008 An extensive cost-cutting plan adopted by Provo-based Nu Skin Enterprises Inc. helped push its fourth-quarter earnings down 63 percent, but could put the Utah company on track for a solid year in 2008.The drop in fourth-quarter earnings to $5.9 million came in great part because of a restructuring charge taken as part of a plan to cut costs and improve earnings. In November, Nu Skin said it would lay off an undisclosed number of people at its Provo headquarters and close 67 of 115 retail stores in China. |
Nu Skin Hikes Quarterly Dividend |
Salt Lake Tribune | 2/22/2008 Nu Skin Enterprises today declared an increase in the quarterly cash dividend of $0.11 per share which will be paid on March 19, 2008 to shareholders of record on Feb. 29, 2008."Because of our strong cash flow, we are increasing our dividend for the sixth consecutive year," said Truman Hunt, president and chief executive officer. "Continually increasing our quarterly dividend is an effective use of our cash and improves the value of our stock for our shareholders." |
Nu Skin Reports Fourth Quarter Results |
PR Newswire | 2/6/2008 PROVO, Utah, Feb. 6 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. today reported fourth-quarter revenue of $306.1 million, a 6 percent improvement over the prior-year period and ahead of company guidance. Fourth-quarter net income and earnings per share were $5.9 million and $0.09, compared to $15.9 million and $0.23 during the same quarter of 2006. Fourth-quarter earnings per share were negatively impacted by planned restructuring charges of $17.0 million, or $0.17 per share. Revenue for the quarter was positively impacted 3 percent by foreign currency fluctuations."Concluding 2007 with good momentum sets the stage for Nu Skin Enterprises to generate record results in 2008," said Truman Hunt, president and chief executive officer. "During the fourth quarter, we continued to see promising growth trends in South Korea, the United States, Europe, Hong Kong and South East Asia. In China, we recently received approval to operate a direct selling model in all of the districts of Beijing and Shanghai, helping establish a good foundation for future growth in this market. In Japan, revenue met our expectations as the sales force responded positively to our sales promotions and marketing initiatives, which included the restaging of our Galvanic Spa System product. "During the quarter, we also successfully executed phase two of our restructuring plan, including significant simplification of our operating infrastructure in China. These efforts are targeted to help us achieve our operating margin objective of 10.5 percent for 2008," said Hunt. |
Nu Skin Completes 25M Stock Transaction |
CNNMoney.com | 1/21/2008 Nu Skin Enterprises, Inc. announced today that it received approximately 202,000 shares in connection with the final settlement of its November 2007 agreement to purchase $25 million of its common stock from the investment firm J.P. Morgan Securities using an accelerated share repurchase program. Including this final settlement, the company was able to retire approximately 1.48 million shares at an average purchase price of $16.90."We remain committed to using our financial strength to improve shareholder value and are optimistic about the direction of our business," said Truman Hunt, president and chief executive officer. "This completes one of many initiatives we have in place to generate a significant improvement in our results in 2008." |
Nu Skin in the Borneo Bulletin |
Borneo Bulletin | 1/15/2008 The Ministry of Culture, Youth and Sports together with Nu Skin Enterprises, a global company dealing with life-enhancing products, will begin the first phase of their collaborative project this coming Monday. The first phase of the project entails the scanning of Brunei Darussalam's National Athletes using the Phamarnex Bio-Photonic Scanner at the Sports, Medicine and Research Centre, Sultan Haji Hassanal Bolkiah National Stadium from 9am to 12pm and from 1.30pm to 4.30pm. The scanning project is scheduled to run for a period of three days or more.Over the last 20 years, NuSkin Enterprises have devoted their research and development effort to produce products containing the most advanced, scientifically proven ingredients that help people live better, healthier and longer. |
Nu Skin Shifts Debt to Yen |
Salt Lake Tribune | 1/12/2008 Utah's Nu Skin Enterprises has converted $20 million of existing U.S. dollar denominated debt bearing a coupon rate of 6.14 percent into $20 million of yen denominated debt with a coupon rate of 3.28 percent. The company says the conversion was executed using an exchange rate of 108.5 yen to the dollar. "We continue to execute on initiatives which are helping improve shareholder value," said Ritch Wood, Nu Skin Enterprises chief financial officer. "We were able to capitalize on the recent strengthening of the Japanese yen in a continuing effort to improve the profitability of the company. "With this recent conversion, we currently have approximately 50 percent of our outstanding debt in yen denominated notes with an average coupon rate of 2.50 percent," he added. "In addition to the attractive interest rate, the yen denominated liabilities provide a natural exchange rate hedge for our business in Japan." |
China Opens to Nu Skin |
Salt Lake Tribune | 1/9/2008 Utah company gets OK to sell products in Beijing, ShanghaiChinese authorities have opened the capital of Beijing to Nu Skin Enterprises' direct-selling business model, starting out the New Year on a positive note for the company that is forecasting its best year ever in 2008. Provo-based Nu Skin said Tuesday it also has permission to expand to all areas of Shanghai. It and Beijing are two of the largest markets in China - one of the keys to the company's growth. The approvals from provincial authorities give publicly traded Nu Skin a potential market of 37 million people for its line of nutritional supplements and skin-care products, providing an opportunity to turn around a recent revenue decline in China. Nu Skin CFO Ritch Wood called the Chinese decisions the "icing on the cake" of its potential for growth. "We understand it's a very long-term project," he said. "This is one more stone in the foundation that leads to where we want to be in the long term." Nu Skin is one of a number of direct-marketing companies looking to follow Avon's lead and get permission to operate in all of China. In July 2006, Nu Skin was only the second company after Avon to receive permission from the central government to open direct-sales operations, which allowed it to sell directly to the public through independent distributors in areas of Shanghai. But the company was still required to separately seek permission from each of about 30 provinces, municipalities and autonomous regions.. |
Nu Skin Stock Buy Back |
Trading Markets | 11/28/2007 Nu Skin Enterprises, Inc. (NYSE: NUS | charts | news | PowerRating) has executed an agreement to purchase $25 million of its common stock from investment firm J.P. Morgan Chase Bank (NYSE: JPM | charts | news | PowerRating) using an accelerated share repurchase program. The stock repurchase follows the recent decision by the company's board to increase the company's share repurchase authorization by $100 million.Under the repurchase agreement, around 1.3 million shares will be delivered to Nu Skin Enterprises. Provo, Utah-based Nu Skin Enterprises is a direct selling company operating in more than forty markets throughout Asia, the Americas and Europe. The company markets personal care products under the Nu Skin brand, nutritional supplements under the Pharmanex brand and technology-based products and services under the Big Planet brand. |
Nu Skin Wins China Innovation Award |
China CSR | 10/31/2007 General Electric has been honored in Shanghai for their commitment to corporate social responsibility in China.The American Chamber of Commerce in Shanghai held its Third Annual Corporate Social Responsibility Conference and Awards at the Portman Ritz-Carlton Hotel, where GE and other companies were recognized for their CSR commitments. With representatives from Hands-On Shanghai, Peking University's CSR Center, UNICEF China, Intel, and Corning, expert speakers from a wide range of industries shared their perspectives on effectively designing and implementing a CSR strategy in China. |
Nu Skin Enterprises to Hold Analyst Day |
CNNMoney.com | 10/7/2007 Nu Skin Enterprises, Inc. today announced that it will host its annual Investor Day presentation the morning of Monday, Nov. 5, 2007, at the Intercontinental Hotel in New York City. Key members of Nu Skin Enterprises' executive management team will discuss operational results and introduce 2008 plans.To learn more about the event or to register, please e-mail contact information to investorrelations@nuskin.com. The Company Nu Skin Enterprises, Inc. is a global direct selling company operating in more than 40 countries throughout Asia, the Americas and Europe. The company markets premium quality personal care products under the Nu Skin(R) brand, science-based nutritional supplements under the Pharmanex(R) brand and technology products and services under the Big Planet(R) brand. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS."
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Nu Skin Concludes Convention |
CNNMoney.com | 9/15/2007 Nu Skin Enterprises, Inc. today reported on its global distributor convention that took place in Salt Lake City, Sept. 5 through 8. Approximately 10,000 visitors were in attendance, including distributor leaders from the company's more than 40 international markets. The largest delegations to the convention came from the United States, Japan and Korea."We are pleased with the overwhelmingly positive reaction we received from new products and initiatives introduced during the convention," said President and Chief Executive Officer, Truman Hunt. "This convention also served as the platform for the launch of our new global strategic positioning, encapsulated in the phrase, "the difference. demonstrated." The new strategic positioning is a result of a comprehensive global research study conducted with both distributors and consumers. It reflects Nu Skin Enterprises' commitment to demonstrate substantive competitive advantages in its products, business opportunity, culture and people." |
Nu Skin 2007 Convention Opens in SLC |
Salt Lake Tribune | 9/11/2007 Nu Skin Enterprises officers touted a new focus for the company and its increased earnings potential Thursday as they opened a razzle-dazzle-pep-rally of a conference with more than 10,000 of their distributors from around the world. The Provo-based manu- facturer and distributor of nutritional and personal-care products unveiled its new corporate slogan "The Difference Demonstrated." The company hopes to use it to create a simple, sellable message for its goods, which are mostly marketed directly to consumers by a commission-only sales force.At EnergySolutions Arena, the company rolled out new products and instructed its distributors and sellers about how all fit within the new slogan. "We really have great tools in place right now," Blake Roney, chairman of the board of Nu Skin Enterprises and a founder of the company, told a luncheon of company officials, analysts and the news media. "We're the only company on the planet that can prove everything, all our claims. No one else really does that. The rest of them do the cartoon part, the fireworks and bouncing girls, but they can't prove any of it. It's really a lot of noise." |
Nu Skin to Webcast Investor Luncheon |
CNNMoney.com | 9/11/2007 PROVO, Utah, Sept. 4 /PRNewswire-FirstCall/ -- Nu Skin Enterprises today reported that it will broadcast its Investor Luncheon taking place at its Global Convention on Thursday Sept. 6, beginning at approximately 2:15 p.m. (EDT).Members of executive management, including the Presidents from the China, Japan, United States and South Korea markets will address the audience. A small question and answer period will take place following the prepared remarks. Additionally, the company will provide an overview of the new products set to launch at the global convention. Those wishing to access the live webcast of the event can do so by visiting the investor section of the company's Web site at http://www.nuskinenterprises.com. A replay of the webcast will also be made available for two weeks following the event, by using the same URL. |
Nu Skin Aims to Revivify |
Salt Lake Tribune | 9/5/2007 Nu Skin Enterprises will use its international convention in Salt Lake City this week to tout new products, roll out a marketing campaign, fire up its sales force and try to build investor confidence as it seeks to recover from a disappointing 2006. About 10,000 people from about 40 countries are expected here Thursday through Saturday for the Provo company's international convention, which is staged every two years. Most of those attending sell the company's products as independent distributors, earning money on their own, as well as a portion of the sales of those they recruit as sales agents under a business plan commonly called multilevel marketing. In 2006, Nu Skin, whose stock is traded on the New York Stock Exchange, reported net profits of $32.8 million, down from the $74 million in 2005 and from $77.6 million the previous year. The company's stock closed Tuesday up 26 cents, at $15.82, down from a 52-week high of $19.42. In July 2004, the stock hit nearly $26. |
Nu Skin Restructures N Asia Operations |
Forbes | 7/9/2007 Nu Skin Enterprises Inc., a direct seller of personal-care products and nutritional supplements, said late Thursday it is restructuring its North Asia operations to provide more information on the region at the corporate level.Robert Conlee, regional vice president of the North Asia region, is leaving to pursue other interests, the company said. Gary Sumihiro, president of the Japan market, and Luke Yoo, president of the South Korea market, will now report to Dan Chard, executive vice president of distributor success. |
Nu Skin Receives Social Responsibility Award |
Salt Lake Tribune | 7/9/2007 "Rising freight costs have caused a drastic increase in the expense to ship all over the country," said Gary Heward, who will be president and owner of the combined Liberty Mountain/Equinox company. Heward said the product lines of both companies will be shipped from the warehouses in Pennsylvania and at 4375 W. 1980 South in Salt Lake City. Those brands include Vaude, Edelweiss, Singing Rock, Pieps, Outdoor Designs, Cypher, Ushba, Cava, Kong, Stubai, Stram and Trangia. - Mike Gorrell Nu Skin Enterprises Inc. has been awarded a 2007 "Best Corporate Social Responsibility Program" for its Nourish the Children humanitarian initiative. The honor from the American Business Awards, an organization of business leaders who nationally hand out "The Stevies," was for a Nu Skin program that provided 85 million meals to starving children through relief agencies such as Feed the Children. Cornerstone Technologies, a provider of audio-visual and lighting equipment, has leased a 20,000-square-foot facility in Centennial Business Park, 4464 W. 2100 South. The space will be used for distribution and storage. NAI Utah Commercial Real Estate brokers Justin Johnston and Steve Condie handled the lease transaction for Cornerstone and the property owner, LMH Investments Co. |
Nu Skin Honored |
Deseret News | 6/19/2007 Nu Skin employees put together 10,000 education packets for needy children in Utah and Malawi during a service project at the corporate headquarters in Provo Wednesday. On Monday Nu Skin received the 2007 American Business Award in the category of best corporate social responsibility program for its Nourish the Children humanitarian initiative to provide meals to starving children around the world. |
Nu Skin Enterprises Announces Management Changes |
PRNewswire | 5/26/2007 Enterprises, Inc. today announced the appointment of Andrew Fan as the new president of the Greater China region and Melisa Tantoco Quijano as president of the company's Southeast Asia region. In addition, the company announced management changes in mainland China and Taiwan.Fan joined Nu Skin Enterprises in 1991 and has since participated in the successful development and opening of 12 Asian markets. In his prior position as president of Southeast Asia, he directly managed six Nu Skin Enterprises' markets -- Singapore, Malaysia, Thailand, the Philippines, Indonesia and Brunei. |
Nu Skin China President Resigns |
RTTNews | 5/26/2007 In addition, the company announced management changes in mainland China and Taiwan. Frankie Kiow has chosen to resign as president of Nu Skin China, allowing more time for him to focus on government service opportunities. John Chou, who has successfully served as the president of Taiwan for the past 15 years, has been appointed to a new corporate vice president role in the company's distributor success organization. In this new position, Chou will support the development of global communications strategies for the company's key stakeholders. |
Nu Skin Reports 1st Quarter Profits |
Reuters | 5/7/2007 NEW YORK, May 3 (Reuters) - Nu Skin Enterprises (NUS.N: Quote, Profile , Research), a direct seller of skin-care products, on Thursday reported a first-quarter profit, reversing a year-ago loss, as sales rose in Japan, China, South Korea and Europe.Net income was $10.5 million, or 16 cents a share, in line with Wall Street's estimates, against a loss of $10.3 million, or 15 cents in the year-earlier quarter due to restructuring and impairment charges. Those restructuring efforts, which the company initiated in 2006, were paying off, Chief Executive Truman Hunt said in a statement. "We continue to see a positive impact on earnings from our transformation efforts," Hunt said. |
Nu Skin in China |
Investors.com | 5/1/2007 New Rules In China Have Direct Sellers Eyeing Big Returns...To get into China, big U.S. outfits like Nu Skin Enterprises, (NUS) Herba- life (HLF) and Avon Products (AVP) also made cultural shifts. To get direct-selling licenses they first had to set up conventional retail stores, hire staff and manufacture in China. In February 2006 China gave the first license for direct selling to cosmetic giant Avon. Nu Skin came next in August. After years of negotiation and compliance with China's interim rules, Nu Skin could offer its nutritional supplements door-to-door in the land with the world's longest tradition of herbal remedies... |
Nu Skin Appoints New Japan President |
PR Newswire | 4/13/2007 PROVO, Utah, April 10 /PRNewswire-FirstCall/ -- Nu Skin Enterprises (NYSE: NUS) today announced the appointment of Gary K. Sumihiro as the new president of Nu Skin Japan. Robert Conlee, who has served in the position since 2004, will continue to oversee the company's North Asia region, which includes Japan and will be based in the corporate offices in Provo, Utah. "Gary brings a wealth of experience to his position and will undoubtedly have a positive impact on our business in Japan," said Truman Hunt, president and chief executive officer of Nu Skin Enterprises. "Gary's expertise and familiarity with Japan will help us continue the positive trends we're seeing from our growth initiatives in this market." Prior to joining Nu Skin Enterprises, Sumihiro worked for Amway Japan, Limited as vice president and chief operating officer. He has held several positions throughout his 12-year tenure, including representative director, corporate secretary and general counsel. During his time with the company, Sumihiro was instrumental in building Amway Japan to its market-leading position. Sumihiro earned a Bachelor of Arts degree from Thiel College, a law degree from the University of Cincinnati College of Law and a master of public administration from American University in Washington, D.C. The Company Nu Skin Enterprises, Inc. is a global direct selling company operating in 45 markets throughout Asia, the Americas and Europe. The company markets premium-quality personal care products under the Nu Skin(R) brand, science-based nutritional supplements under the Pharmanex(R) brand, and technology-based products and services under the Big Planet(R) brand. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS." |
Nu Skin Announces Board Candidates |
PRInside | 4/8/2007 Nu Skin Enterprises Announces Slate of Candidates for Its Board of DirectorsPROVO, Utah, April 2 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. today announced that Christine M. Day and Desmond C. Wong have been added to its slate of potential board members to stand for election at the company's annual shareholder meeting to be held on May 14, 2007. The company also reported that two of its existing board members, Sen. Paula F. Hawkins (Ret.) and D. Allen Andersen have decided not to stand for re-election. The slate of nominees will include eight additional candidates who are currently serving as members of the company's board of directors. "Christine and Desmond both have strong leadership backgrounds and extensive business experience, particularly in the areas of Asian business operations and brand building," said Blake Roney, chairman of the board. "We look forward to their contributions as we continue to pursue our growth initiatives in Asia, and throughout the world. At the same time, we sincerely appreciate the service that Paula and Allen have rendered to Nu Skin Enterprises. We are grateful for their many years of dedication and wish them all the best in their future endeavors." |
Nu Skin earnings down after restructuring |
Npros.com | 2/11/2007 Nu Skin Enterprises made $42 million less in 2006 than the previous year, about half of that due to restructuring costs. The Provo-based company, which specializes in supplements and skin care products, reported earnings of 47 cents per diluted share compared to $1.04 last year. Excluding restructuring, year-end earnings would have been 75 cents per diluted share, officials said. Fourth-quarter earnings rose slightly to $15.9 million and 23 cents per share - up from $15.8 million and 22 cents per share - from the same quarter last year. Revenues dipped $1.5 million or 1 percent from the same period last year. Sales were down in North Asia, Greater China and, while South Asia saw an 8 percent improvement over the fourth quarter of 2005. During the quarter, the company paid down $11.6 million of debt, paid $6.8 million in dividends and used $37.9 million to repurchase 2.1 million shares of... |
Nu Skin Earnings Down After Restructuring |
Salt Lake Tribune | 2/10/2007 Nu Skin earnings down after restructuringNu Skin Enterprises made $42 million less in 2006 than the previous year, about half of that due to restructuring costs. The Provo-based company, which specializes in supplements and skin care products, reported earnings of 47 cents per diluted share compared to $1.04 last year. Excluding restructuring, year-end earnings would have been 75 cents per diluted share, officials said. Fourth-quarter earnings rose slightly to $15.9 million and 23 cents per share - up from $15.8 million and 22 cents per share - from the same quarter last year. Revenues dipped $1.5 million or 1 percent from the same period last year. Sales were down in North Asia, Greater China and, while South Asia saw an 8 percent improvement over the fourth quarter of 2005. During the quarter, the company paid down $11.6 million of debt, paid $6.8 million in dividends and used $37.9 million to repurchase 2.1 million shares of common stock in open market transactions. |
Nu Skin Enterprises Fourth Quarter Results |
PR Newswire | 2/8/2007 Webcast Alert: Nu Skin Enterprises Fourth Quarter and 2006 Year End Earnings CallPROVO, Utah, Feb. 6 /PRNewswire-FirstCall/ -- Nu Skin Enterprises (NYSE: NUS) announces the following Webcast: WHAT: Nu Skin Enterprises Webcast WHEN: Feb. 7, 2007 @ 10 am EST WHERE: http://www.videonewswire.com/event.asp?id=37855 http://reports.visualwebcaster.com/Report.aspx?eventID=37855&pwd=ZJ6Y8 HOW: Live over the Internet -- Simply log on to the web at the address above. CONTACT: Scott Pond of Nu Skin Enterprises 801-345-2657 spond@nuskin.com If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.nuskinenterprises.com/. |
Nu Skin Shares Make Up Ground |
Chron.com | 2/8/2007 Cosmetics Companies Make Up GroundNEW YORK — The good news kept coming for cosmetics makers on Tuesday, and shares rose after Avon Products Inc. _ direct seller of makeup and beauty-related products _ reported fourth-quarter net income ahead of analysts' estimates.... ....Estee Lauder shares rose 13 cents to $46.75 on the NYSE. Revlon Inc. shares rose a penny to $1.35 and Nu Skin Enterprises Inc. rose 49 cents, or 2.7 percent to $18.83.
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Nu Skin in BusinessWeek online |
BusinessWeek online | 10/14/2006 Nu Skin's Blemish Is Clearing UpIn July, 2005, when China banned direct-sellers from doing business there without a license, Nu Skin Enterprises (NUS ) (NUS) got clobbered: Sales of its skin-care and nutritional products, which had boomed for three years in China, plunged in just weeks from $101 million to $80 million. And its stock dived from 26 to 15. It has edged up to 18.14 since China issued Nu Skin a license on July 30, 2006.... |
Nu Skin Enterprises To Begin Operations In Costa Rica |
Trading Markets | 9/14/2006 Nu Skin Enterprises, Inc. on Thursday announced the opening of Costa Rica as the company's 44th global market. The company will launch both Nu Skin personal care and Pharmanex nutritional products in Costa Rica.The Rica operations will be administered by a corporate office in San Jose. The company's offices in Guatemala City will provide additional support for distributors. |
Nu Skin to enter Beijing Market |
AFX News | 8/20/2006 Nu Skin expects to enter Beijing market following Shanghai direct sales approvalBEIJING (XFN-ASIA) - Nu Skin Enterprises, a direct seller of high-end skin care products, expects to receive an operating licence in the Chinese capital this year after recently receiving approval to operate in Shanghai, company officials said. 'We've received the approval in Shanghai, and expect to also be approved in the Beijing market sometime later this year,' Beijing-based company spokeswoman Jacky Shi told XFN-Asia. She said the company planned to be operational nationwide eventually, but said an estimate on timing was 'very difficult to make as each region must be applied for separately.' |
Nu Skin wins concession in China |
The Salt Lake Tribune | 8/20/2006 Nu Skin wins key concession in China By Lesley Mitchell
Utah's Nu Skin Enterprises plans to begin selling its line of personal-care and nutritional products door-to-door in China by November after becoming one of only two U.S. companies allowed to engage in direct selling in that country. For years, China has prohibited companies from selling products through direct-sales programs. To tap the vast Chinese market, direct-selling companies have had to open stores in the country instead of relying on a network of independent sales representatives. Provo-based Nu Skin, which entered the Chinese market in 2003, has 160 stores in mainland China. But in February, China officially lifted the ban on direct sales by giving Avon approval to begin recruiting Chinese sales associates. Since then, the U.S. cosmetics maker said it has recruited more than 100,000 salespeople in China. Nu Skin, which received its approval this week, said Friday it is wasting no time hiring a team of associates and is confident it can quickly erase Avon's five-month head start. |
Nu Skin to pay stockholder dividend |
Business Digest | 8/10/2006 Nu Skin to pay stockholders 10 cent dividend per share Nu Skin Enterprises said it will pay a quarterly dividend of 10 cents per share to stockholders of record as of Sept. 1. The dividend will be paid Sept. 20. The announcement comes as the Provo-based maker of nutritional supplements and skin care products tries to overcome its lackluster financial performance. For the quarter ended June 30, Nu Skin's revenue was $284.1 million, compared with $310.1 million for the prior-year period. Net income and earnings per share for the quarter were $14.1 million and $0.20, respectively, compared with net income of $22.8 million and earnings per share of $0.32 for the same period in 2005. Those numbers could improve now that Nu Skin has received a direct-selling license for mainland China, considered a lucrative market for cosmetics and other personal care products. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol NUS. |
Nu Skin to pay stockholder dividend |
Business Digest | 8/10/2006 Nu Skin to pay stockholders 10 cent dividend per share Nu Skin Enterprises said it will pay a quarterly dividend of 10 cents per share to stockholders of record as of Sept. 1. The dividend will be paid Sept. 20. The announcement comes as the Provo-based maker of nutritional supplements and skin care products tries to overcome its lackluster financial performance. For the quarter ended June 30, Nu Skin's revenue was $284.1 million, compared with $310.1 million for the prior-year period. Net income and earnings per share for the quarter were $14.1 million and $0.20, respectively, compared with net income of $22.8 million and earnings per share of $0.32 for the same period in 2005. Those numbers could improve now that Nu Skin has received a direct-selling license for mainland China, considered a lucrative market for cosmetics and other personal care products. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol NUS. |
Nu Skin to pay dividend |
Business Digest | 8/10/2006 Nu Skin to pay stockholders 10 cent dividend per share Nu Skin Enterprises said it will pay a quarterly dividend of 10 cents per share to stockholders of record as of Sept. 1. The dividend will be paid Sept. 20. The announcement comes as the Provo-based maker of nutritional supplements and skin care products tries to overcome its lackluster financial performance. For the quarter ended June 30, Nu Skin's revenue was $284.1 million, compared with $310.1 million for the prior-year period. Net income and earnings per share for the quarter were $14.1 million and $0.20, respectively, compared with net income of $22.8 million and earnings per share of $0.32 for the same period in 2005. Those numbers could improve now that Nu Skin has received a direct-selling license for mainland China, considered a lucrative market for cosmetics and other personal care products. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol NUS. |
Nu Skin to expand for direct sales |
CHINADaily | 8/5/2006 Nu Skin to expand for direct salesUS cosmetics firm Nu Skin is planning to recruit an army of up to 5,000 direct sellers in Shanghai by the end of this year. Expansion plans also include opening 100 service centres in the city and 40 more specialty shops across the country, taking the total to 180. Nu Skin Enterprises' Tru Face Essence. Nu Skin Enterprises Inc, a direct seller of skin-care products, said on July 31 quarterly profit fell 38 percent on sales declines in North Asia and Greater China. [Reuters] "Our strategy features a dual focus we give priority to specialty shops with their full-time contracted employees on the one hand, and service centres with their part-time direct selling staff on the other," said Qiu Jinyun, president of Nu Skin China, at a press conference in Shanghai yesterday. |
NuSkin Declares Dividend |
Fibre2Fashion | 7/24/2006 USA : Nu Skin Enterprises declares quarterly dividend July 24, 2006 Direct selling firm Nu Skin Enterprises, Inc announced the board of directors has declared a quarterly dividend of $0.10 per share which will be paid on June 21, 2006 to stockholders of record on June 2, 2006.Nu Skin Enterprises Inc is a global direct selling company operating in 43 countries throughout Asia, the Americas and Europe. The company markets premium quality personal care products under the Nu Skin brand, science-based nutritional supplements under the Pharmanex brand and technology products and services under the Big Planet brand. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol “NUS.” Nu Skin Enterprises Inc |
Elementary students thank Nu Skin for kits |
Our Towns | 6/30/2006 Thirteen elementary school children from Farrer and Franklin elementary schools in Provo thanked the workers at Nu Skin Wednesday for kits containing school supplies.The 10-year anniversary of the Nu Skin Force for Good Foundation was celebrated by the employees of Nu Skin and United Way by giving back to the community and world. A Force for Good is a non-profit foundation dedicated to helping children throughout the world have a better life. "I like science books. It's my favorite class," said Jared Araujo, a fourth-grader at Franklin Elementary with dreams of being a dentist. A total of 10,000 educational kits were put together to go to 10 organizations, six of which are educational organizations -- schools or programs that help underprivileged kids -- in Utah that were recommended by United Way. Of the 10,000 kits, 1,500 will go internationally to help children in Thailand, Indonesia and Ukraine. |
NuSkin Polishing Skin Refiner Gets Positive Review |
INQ7 Network | 6/28/2006 Complexion cure-alls...Cleansers and scrubs. Get smoother skin at the start of your regimen with gentle exfoliating cleansers and face scrubs. Remember that not all cleansing products will do your skin type good. Dry skin works better with physical exfoliants than chemical ones--the latter may irritate and strip skin of its natural moisture. One of the best ones I’ve tried is NuSkin’s Polishing Skin Refinisher, a non-abrasive exfoliant that sloughs off roughness without harsh scrubbing. Fans of smooth, translucent fair skin will likewise love Shu Uemura White Recovery EX Gentle Brightening Massage Gel, an ingenious "facial in a tube" that works by polishing the skin surface while infusing the skin with brightening ingredients, and kicks up circulation with its mild "massaging" action. This is one product you’d definitely want in your beauty stash because it works double-duty... |
Nu Skin Malaysia Expects Modest Sales Growth |
The Edge Daily | 6/5/2006 Nu Skin expects modest 10% sales growthNu Skin (Malaysia) Sdn Bhd is looking at a modest annual sales growth of 10% despite the enormous potential of direct selling as it wants to focus more on producing quality products and brand-building rather than just pushing sales. Set up in 2001 with a paid-up capital of RM5 million, Nu Skin Malaysia achieved a turnover of RM78.4 million last year. A 10% growth will translate into a turnover of about RM86 million in its year ending Dec 31, 2006. |
Russian Direct Sales Market Expanding |
CosmeticsinRussia.com | 4/28/2006 Russian market of direct sales becomes attractive for western players Following Amway another major American cosmetics manufacturer, Nu Skin Enterprises, is coming to Russia. American company Nu Skin specializing in direct sales will start operating in Russia on April 24. Two of three company lines will be represented in Russia: Nu Skin cosmetic brand, and Pharmanex bioactive supplements. The Russian direct sales market volume makes up $ 4 bln., 90% of which fall at cosmetics. Chain retail trade is not developed in regions so direct sales replace it successfully. However, Nu Skin will face serious competition: Oriflame, Faberlic and Amway are represented in Russia. |
Nu Skin to Announce 1Q 2006 Results |
PR Newswire | 4/28/2006 PROVO, Utah, April 25 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced it will release first-quarter financial results prior to the market opening on Wednesday, May 3, 2006. Truman Hunt, president and chief executive officer, will host a conference call with the investment community at 11 a.m. (EDT) that day. During the call, senior management will review first-quarter financial results and discuss future plans and initiatives. The live webcast of the conference call, including the financial information to be presented, will be available on the investor section of the company's website at http://www.nuskinenterprises.com. A replay of the webcast will be made available from the same location through Friday, May 19, 2006. The Company Nu Skin Enterprises, Inc. is a global direct selling company operating in 43 markets throughout Asia, the Americas and Europe. The company markets premium-quality personal care products under the Nu Skin(R) brand, science- based nutritional supplements under the Pharmanex(R) brand, and technology products and services under the Big Planet(R) brand. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS." |
Nu Skin Settles License Suit |
Npros.com | 4/22/2006 Daily Herald:A legal battle between Nu Skin Enterprises and a Salt Lake City company over license rights to a medical scanning technology, and where it can be used, was quietly settled. The Provo company, on March 7, acquired Caroderm Inc.'s license rights to the University of Utah Research Foundation's patented technology -- which measures the level of carotenoids in human skin -- for an undisclosed sum. Carotenoids are antioxidants found in fruit and vegetables that reduce the risk of cancer and heart disease. In 2002, Nu Skin received partial license rights to the university's scanning technology, and its Pharmanex nutritional supplements division developed the BioPhotonic scanner. These scanners -- which measure the body's level of antioxidants by scanning the palm of the hand with a low-energy laser -- are used by Nu Skin distributors to market Pharmanex's nutritional supplements. Nu Skin, which to date leased 5,000 BioPhotonic scanners worldwide, derives nearly 50 percent of its total revenues from the sale of Pharmanex supplements. |