Nu Skin Enterprises
May 5, 2021
Nu Skin Enterprises reported record first-quarter 2021 revenue of 677.0 million dollars, up 31 percent from a year earlier. Diluted earnings rose 153 percent to 0.91 dollars a share. Customers rose 34 percent to 1,517,260, and sales leaders rose 22 percent to 60,619.
Chief executive Ritch Wood said beauty and wellness products and social commerce drove growth, including recognition as the top beauty device systems brand. President and chief executive elect Ryan Napierski cited ageLOC Boost and Nutricentials Bioadaptives launches and planned introductions later in the year. Americas and Pacific revenue doubled, and EMEA more than doubled. Manufacturing segment revenue rose 69 percent.
The company paid 19.3 million dollars in dividends and bought back 50.4 million dollars of stock. Full-year 2021 revenue guidance was raised to 2.80 billion to 2.87 billion dollars, with earnings of 4.05 to 4.30 dollars a share.