Nu Skin Q4 2018 Sales Up 3%; Up 18% for Year
Nu Skin Enterprises, Inc. (NYSE: NUS) announced fourth-quarter and 2018 financial results.
Revenue for the fourth quarter ending December 31, 2018 was $693.3 million, up 3 percent from the fourth quarter of 2017.
“We delivered another strong quarter despite a challenging comparison from the $130 million LumiSpa introduction in the prior year,” said Ritch Wood, chief executive officer. “We grew our revenue 18 percent for the year, with growth coming from virtually all of our segments. We were also encouraged that our customer acquisition strategy resulted in 16 percent growth in our customer base. And while our sales leader numbers were down year-over-year due to the LumiSpa introduction, we are pleased with 16 percent growth in sales leaders since the first quarter.”
For the years, revenue was $2.68 billion, up 18 percent from 2017 revenue of $2.28 billion. Mainland China ($886,472), America/Pacific ($385,034) and South Korea ($373,357) were the company’s largest markets.
To read the full Nu Skin Q4 2018 financial report, click here.
