Nu Skin Enterprises, Inc., a distributor of anti-aging personal care products and nutritional supplements, has announced that the company expects revenue for the fourth quarter of 2012 of approximately $588 million, representing growth of 19% over the prior year. Earnings per share are estimated to be from $0.94 to $0.96.
The company's estimated revenue of $2.17 billion for the year represents growth of more than 24% in 2012. Earnings growth is anticipated to be approximately 30% in 2012.
"Our business continues to perform very well," said Truman Hunt, president and CEO. "When we forecasted results for 2012, we knew that we faced a difficult fourth-quarter comparison as a result of recognizing approximately $90 million of revenue from our product launch in the fourth quarter of 2011. However, as a result of the dedicated efforts of our sales leaders and corporate personnel around the world, revenue growth will be 19% in the fourth quarter, surpassing prior revenue guidance by $58 million."
"We continue to believe that 2013 will be yet another record year. As forecasts become clearer for our ageLOC weight management launch in the back half of 2013, we look forward to updating the market on our full-year guidance. We see great enthusiasm building for this launch, reinforcing our forecast for strong results," concluded Hunt.