PROVO, Utah, July 1, 2020 /PRNewswire/ -- Nu Skin
Enterprises, Inc. (NYSE: NUS) today reported it estimates
revenue for the second quarter of 2020 to be approximately
$603 to $608
million. The company previously forecasted second-quarter
revenue of $520 to $550 million. The company will report its
second-quarter results including earnings per share and provide a
revised outlook for the full-year 2020 on Aug. 5.
"We are pleased to report that our expected revenue for the
second quarter is well ahead of our previous guidance, driven by
strong global customer growth with particular strength in the
Americas and Europe," said
Ritch Wood, chief executive officer.
"The trends we are seeing are a credit to the adaptability and hard
work of our global sales force and the enduring value of our
products. Nu Skin's investments in technology and our commitment to
enhancing the company's digital capabilities have been a critical
driver of performance and business continuity in the second
quarter, with online transactions accounting for more than 80
percent of volume."
Nu Skin Enterprises will release its full second-quarter
results after the market closes on Wednesday, Aug. 5. The management team will host
a conference call with the investment community later that same day
at 5 p.m. ET. The webcast of the
conference call, including the financial information presented,
will be available on the investor relations page of the company's
website at ir.nuskin.com. A replay of the webcast will be available
at the same location through Wednesday, Aug. 19.
About Nu Skin Enterprises, Inc.
Founded more than 35
years ago, Nu Skin Enterprises, Inc. (NSE) empowers innovative
companies to change the world with sustainable solutions,
opportunities, technologies and life-improving values.
The company currently focuses its
efforts around innovative consumer products, product
manufacturing and controlled environment agriculture technology.
The NSE family of companies includes Nu Skin, which develops and
distributes a comprehensive line of premium-quality beauty and
wellness solutions through a global network of sales leaders in
Asia, the Americas, Europe, Africa and the Pacific; and Rhyz, our
strategic investment arm that includes a collection of
sustainable manufacturing and technology innovation companies. Nu
Skin Enterprises is traded on the New York Stock Exchange under the
symbol "NUS." More information is available
at nuskinenterprises.com.
Important Information Regarding Forward-Looking
Statements: This release's disclosures regarding
estimated revenue for the second quarter of 2020 are
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Securities Exchange Act, and
they represent the Company's current expectations and beliefs. The
forward-looking statements involve risks and uncertainties that
could cause actual results and outcomes to differ materially from
the forward-looking statements expressed herein, including
completion of the Company's close and review procedures, which may
necessitate material adjustments to the preliminary estimates
provided in this release, and other risks and uncertainties that
are set forth in the documents the Company has filed with the
Securities and Exchange Commission. The forward-looking statements
set forth the Company's beliefs as of the date that such
information was first provided, and the Company assumes no duty to
update the forward-looking statement contained in this report to
reflect any change except as required by law.
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SOURCE Nu Skin Enterprises, Inc.