Nu Skin Enterprises, Inc. (NYSE: NUS) announced second-quarter 2019 results of $623.5 million, a decrease of 11 percent from $704.2 million in the second quarter of 2018.
“As previously announced, our second-quarter results were negatively impacted by limited sales meetings, media scrutiny and consumer sentiment in Mainland China in connection with the recently completed 100-day review of the nutrition and direct sales industries,” said Ritch Wood, chief executive officer. “Outside of Mainland China, most of our other markets performed in-line with expectations. Our customer numbers remained steady as we continued our customer-focused initiatives globally, while sales leaders declined 14 percent, primarily due to Mainland China.”
Regionally, results were (U.S. dollars in thousands):
- Mainland China – $185,333, a decrease of 24%
- Americas/Pacific – $92,841, a decrease of 11%
- South Korea – $84,732, a decrease of 8%
- Southeast Asia – $75,395, a decrease of 5%
- Japan – $65,251, an increase of 2%
- Hong Kong/Taiwan – $43,712, a decrease of 16%
- EMEA – $43,400, a decrease of 1%
For the six months ended June 30, 2019, Nu Skin has revenue of $1.24 billion, down 6 percent from $1.32 billion in the first six months of 2018.
To read the full Nu Skin Q2 2019 financial report, click here.