Nu Skin Enterprises, Inc. introduced record-breaking income quantities for the primary quarter of 2021 reaching $677 million, with earnings per share in the quarter rising 153%, to $0.91.
Recruiting held robust for the corporate, with a 22% improve in distributors, totaling greater than 60,000 in quantity. Customers elevated 34%, to greater than 1.5 million folks.
“We are more than happy with a powerful begin to 2021 with our highest-ever first quarter income and earnings per share,” mentioned Ritch Wood, Chief Executive Officer. “Our revolutionary magnificence and wellness product initiatives powered by our social commerce enterprise mannequin led to 34 p.c progress in our buyer base over the prior yr and a 22 p.c improve in international gross sales leaders. We have been acknowledged once more by Euromonitor because the world’s primary magnificence machine methods model. We proceed to enhance our geographic stability, pushed by ongoing robust efficiency in the West, offering a extra diversified and sustainable progress profile. Our manufacturing phase additionally achieved report outcomes with 69 p.c year-over-year income progress.”
The firm’s presence in Mainland China outperformed all different markets for income, with greater than $149 million, however the EMEA area led the best way for buyer acquisition, with a 111% improve.
“We proceed to make progress towards our imaginative and prescient of turning into the world’s main magnificence and wellness firm powered by our dynamic affiliate alternative platform,” mentioned Ryan Napierski, President and CEO-elect. “We added revolutionary merchandise to our portfolio with the launch of ageLOC Boost and Nutricentials Bioadaptives, and our markets are forecasting robust demand for new product improvements being launched in the again half of the yr. These embrace Beauty Focus Collagen+, which is the primary product in a brand new beauty-from-within line, and ageLOC Meta, a metabolic well being complement and our subsequent main Pharmanex product introduction. The West markets proceed to steer out in adopting our social commerce enterprise mannequin with triple-digit progress. Our associates are leveraging this mannequin to attach with extra customers and appeal to folks in constructing their very own socially enabled online marketing enterprise. In the East, we grew 14 p.c in Japan and modestly in Mainland China and anticipate elevated adoption of our social commerce technique and digital instruments.”
The outlook for complete income in 2021 is anticipated to succeed in $2.8 -$2.87 billion, with second quarter forecasts estimating $680-$705 million in income.
“During the quarter, we continued our give attention to producing shareholder worth by bettering working margin via G&A optimization and leveraging our stability sheet to repurchase practically a million shares,” mentioned Mark Lawrence, Chief Financial Officer. “We proceed to create synergistic worth from our Rhyz manufacturing firms as they enabled the accelerated progress all through the West. Given the robust begin to the yr, in addition to the optimistic tendencies we have now seen in buyer and gross sales chief progress, we’re rising our annual income and EPS steerage.”