Nu Skin Enterprises reported it estimates revenue for the second quarter of 2020 to be approximately $603 to $608 million.
The company previously forecasted second-quarter revenue of $520 to $550 million.
“We are pleased to report that our expected revenue for the second quarter is well ahead of our previous guidance, driven by strong global customer growth with particular strength in the Americas and Europe,” said Ritch Wood, chief executive officer. “The trends we are seeing are a credit to the adaptability and hard work of our global sales force and the enduring value of our products. Nu Skin’s investments in technology and our commitment to enhancing the company’s digital capabilities have been a critical driver of performance and business continuity in the second quarter, with online transactions accounting for more than 80 percent of volume.”
Nu Skin will release its full second-quarter results after the market closes on Wednesday, Aug. 5. The management team will host a conference call with the investment community later that same day at 5 p.m. ET. The webcast of the conference call, including the financial information presented, will be available on the investor relations page of the company’s website at ir.nuskin.com. A replay of the webcast will be available at the same location through Wednesday, Aug. 19.