Nu Skin Enterprises Announces $50 Million Increase to Stock Repurchase Program

Nu Skin Enterprises, Inc. has authorized a $50 million extension to the company’s ongoing stock repurchase program. The company will use the funds to repurchase company stock on the open market and in private transactions. Since 1998, the company has repurchased approximately $312 million of its stock in both open market and private transactions. “We have a great deal of confidence in the future of our business,” said Truman Hunt, president and chief executive officer. “We feel that the strength of our business, together with the products and initiatives announced during our recent global distributor convention, provides us ample ammunition to drive continued growth. Based upon the prospects for our company, we believe our stock represents a good value and provides us with an excellent opportunity to use our strong cash flow and balance sheet to benefit our shareholders.”