Nu Skin Enterprises, Inc. celebrated the opening of its new manufacturing facility in Shanghai, China. The new 440,000 square feet building is expected to quadruple production capacity and improve supply chain responsiveness for its businesses in China and other Asian markets.

Nu Skin Enterprises Inc. reported third quarter 2023 revenue of $498.8 million, a 7% decline from the same period in 2022. Customer numbers declined by 21% to 978,907 with sales leader numbers dipping by 6% to 47,031.  “Our third quarter results were softer than expected as persistent macro-economic challenges in several of our key markets […]

For the sixth year in a row, Nu Skin Enterprises, Inc. has been recognized by Euromonitor International Ltd., a comprehensive market research firm, as the number one brand for beauty device systems. This honor is determined based on Euromonitor’s custom research and methodology. 

Nu Skin Enterprises, Inc. announced its second quarter financial results for 2023, including revenue of $500.3 million, a $16.4 million decrease from the same period in 2022. Earnings per share (EPS)in the quarter were $0.54, compared to $0.67 in the second quarter of last year. 

Nu Skin Enterprises, Inc. released its fourth quarter and full year financial report for 2022, posting Q4 revenue of $522.3 million and Earnings Per Share of $1.15. Customers in the quarter totaled 1.1 million, a 16% decline from the same quarter of 2021, with paid affiliates and sales leaders decreasing by 13% and 21% respectively over the previous year’s quarter.

Under Napierski’s leadership, Nu Skin is preserving the “heritage” elements of the brand—the original mission, product philosophy, business opportunity and purpose-driven culture—but it’s taking a hard look at any “legacy” aspects that no longer serve the company’s vision.

Nu Skin released its third quarter 2022 financial report, posting Earnings Per Share (EPS) of $0.47, compared to $0.97 in the third quarter of last year. Third quarter revenue was $537.8 million, down from $641.2 million during the same quarter of 2021 and $703.3 million during the third quarter of 2020. 

Nu Skin announced its financial results for the second quarter of 2022, including earnings per share (EPS) of $0.67 and adjusted EPS of $0.77, down from $1.15 in the second quarter of 2021.

Nu Skin announced first quarter revenue of $604.9 million in 2022. The company’s gross margin was 73.3%, slightly down from the previous year’s 74.8%. Operating margin was also slightly impacted, at 8.6%, down from 9.3% the previous year.

Thankfully, direct sellers have made impressive strides in recent years, and some companies are truly changing the narrative by taking ownership and course correcting toward more customer centricity, better efficacy and next-level customer experience initiatives.

Nu Skin announced a collaboration with Infosys Equinox, a human-centric digital commerce platform, that will help the company scale its business model through social commerce.

Nu Skin announced its fourth quarter and full year financial report for 2021. Included in the report are revenue increases for both categories, with fourth quarter revenue seeing a 10% boost and annual revenue increasing by 4%.