Nu Skin Enterprises
February 10, 2021
Nu Skin Enterprises reported fourth-quarter 2020 revenue of 748.2 million dollars, up 28 percent from a year earlier, and diluted earnings of 1.40 dollars a share, up 94 percent. Full-year revenue rose 7 percent to 2.58 billion dollars, and full-year earnings rose 17 percent to 3.63 dollars a share.
Customers rose 34 percent to 1,557,302, and sales leaders rose 29 percent to 70,435. Chief executive Ritch Wood said growth came in every reporting segment, with the strongest gains in Western markets where affiliates used social commerce. He also cited the Boost and Nutricentials launches and a 42 percent revenue increase in the manufacturing segment. Mainland China revenue rose 11 percent in the quarter to 172.4 million dollars but fell 13 percent for the full year. Americas and Pacific revenue nearly doubled in the quarter, and EMEA rose 79 percent.
The company guided first-quarter 2021 revenue to 610 million to 640 million dollars and full-year 2021 revenue to 2.71 billion to 2.81 billion dollars, with full-year earnings of 3.80 to 4.10 dollars a share. During the quarter it paid 19.1 million dollars in dividends and repurchased 17.0 million dollars of stock, leaving 325.8 million dollars on the repurchase authorization. Wood said the quarterly dividend was raised for a 20th straight year.