Nu Skin Enterprises (NUS) Tops Q3 EPS by 10c; Guides Above Views

Nu Skin Enterprises (NYSE: NUS) reported Q3 EPS of $1.08, $0.10 better than the analyst estimate of $0.98. Revenue for the quarter came in at $703.3 million versus the consensus estimate of $689.58 million.

"We continued to build momentum with accelerated results in the third quarter, as we generated revenue and earnings per share well above expectations," said Ritch Wood, chief executive officer. "As we executed on our long-term strategy, we drove double-digit growth in both customers and sales leaders with revenue improvements in all but one reporting segment. We delivered strong double-digit growth in the Americas, Pacific and EMEA regions, with modest growth throughout most of Asia. Mainland China continues to stabilize with sequentially improving revenue, customers and sales leaders, and we remain on track for a return to year-over-year growth in China in the fourth quarter. Our manufacturing division contributed to our results with impressive 34 percent growth.

"We are outpacing our 2020 growth projections due to strong product demand and ongoing digital investments that empower our sales leaders and affiliates to build a socially enabled business. We are also benefitting from the current environment where more individuals are working from home and shopping online. Currently, approximately 90 percent of Nu Skin revenue is coming from digital transactions."

GUIDANCE:

Nu Skin Enterprises sees Q4 2020 EPS of $1.10-$1.20, versus the consensus of $1.05. Nu Skin Enterprises sees Q4 2020 revenue of $720-750 million, versus the consensus of $706.06 million.

Nu Skin Enterprises sees FY2020 EPS of $3.35-$3.45, versus the consensus of $3.17. Nu Skin Enterprises sees FY2020 revenue of $2.55-2.58 million, versus the consensus of $2.53 million.

For earnings history and earnings-related data on Nu Skin Enterprises (NUS) click here.

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