Nu Skin reports record Q1 results / Greater China revenue in
Source:NetWork Author:Jafon makeup brushes factory Addtime:2014-11-23 Click:
Nu Skin Enterprises announced record first-quarter results with revenue of $550.1 million, a 19 percent improvement over the prior-year period. Additionally, the company reported that it is increasing its full-year 2013 revenue guidance by $190 million to be in the $2.51 to $2.54 billion range.
“We kicked off the year with tremendous momentum, generating 22 percent local-currency revenue growth this quarter,” said Truman Hunt, president and chief executive officer. “We are pleased with the overall direction of the business, particularly with trends in the North Asia and Greater China regions. The first quarter marked the third consecutive quarter of year-over-year local-currency growth for Japan, while South Korea continues to be a solid contributor to our success. Greater China continues to be our fastest-growing region, with each market within the region posting solid quarterly growth.”
Regional Results
First-quarter revenue in North Asia was $188.2 million, compared to $182.2 million for the same period in 2012. Japan local-currency revenue improved 13 % while South Korea generated local-currency revenue growth of 9 percent. The number of sales leaders in the region was up 12 percent while the number of actives improved 8 %.
In Greater China, first-quarter revenue increased 90 % to $175.7 million, compared to $92.6 million in the prior-year period. Mainland China local-currency revenue grew 141 %. The sales leader count in the region improved 91 %, while the number of actives increased 73 % compared to the prior year, the company stated.
Revenue in the Americas improved 15 % to $76.5 million, compared to $66.3 million in the prior-year period. U.S. revenue grew by 7 % during the quarter. The number of sales leaders in the region improved 9 % while the number of actives decreased 4 % compared to the prior year.
Revenue in South Asia/Pacific was $67.2 million, a 13 % decline compared to the prior year. Excluding the prior-year’s product launch sales, revenue would have been up 8 %. The region’s first-quarter sales leaders improved 9 % while actives increased 8 % compared to the same period in 2012, the company pointed out.
Revenue in the EMEA region was $42.4 million, a 3 % decline over the prior-year period. Sales leaders and actives increased 1 and 5 %, respectively, compared to the prior year.
Outlook
“Given the positive momentum of the business, we are on track to achieve another record year of revenue and earnings,” said Hunt. “Our anti-aging product portfolio continues to drive strong consumer demand and impressive growth in our global sales force.”
About Nu Skin Nu Skin Enterprises has a comprehensive anti-aging product portfolio. The company’s anti-aging products feature the new ageLOC® suite of products including the ageLOC® R2 nutritional supplement, ageLOC® Galvanic Spa System and ageLOC® Galvanic Body Spa™, as well as the ageLOC® Transformation daily skin care system. A global direct selling company, Nu Skin operates in 53 markets worldwide.
