Nu Skin Enterprises, Inc. Nets Roughly $640 Million in Third Quarter Revenue

Nu Skin Enterprises, Inc.’s third quarter revenue is estimated to be between $637 and $642 million – the figure will be finalized with the full results on Nov. 3, company officials announced today.

Ryan Napierski, president and CEO of Nu Skin said the revenue fell short of expectations due to the Delta Variant, which he said created “unexpected disruptions” in many markets. Unanticipated government restrictions, he added, impacted the company’s ability to sell and distribute products, with the largest impact in Mainland China and Southeast Asia, in addition to disrupted promotional activities, like incentive trips and the performance of local expos in several markets.

Despite the disruptions, the company’s Collagen+ launch in the U.S. drove continued strong growth. The company also successfully introduced its Tencent digital tools in China
during the quarter. Company officials anticipate 2021 revenue to be up modestly year over year. 

“We are optimistic about our upcoming product launches and the rollout of additional social commerce tools in late 2021 and into next year,” he said. 
 
Nu Skin Enterprises will release full third-quarter results and provide updated guidance after the market closes on Wednesday, Nov. 3 and will host a webcast at 5 p.m. ET that day at ir.nuskin.com. The financial information presented and a replay of the webcast will be available at the same location through Wednesday, Nov. 17.