Nu Skin Enterprises
This article was originally published in The Rose Sheet
Executive Summary
First quarter sales of Nu Skin division jumped 26% to $132.4 mil., largely boosted by new product introductions and strong performance in China, company reports April 21. Among recent launches is Nu Skin Polishing Peel, which debuted in February (1"The Rose Sheet" Dec. 8, 2003, p. 8). Overall revenue grew 20% to $264 mil., driven by the firm's performance in China. Net income was up 13% to $14.5 mil. Nu Skin anticipates second quarter revenue will reach $270 mil.-$275 mil., and forecasts $1.1 bil.-$1.2 bil. in overall sales in fiscal 2004...