PROVO, Utah—Nu Skin Enterprises Inc. increased fourth quarter (4Q) and 2009 revenue and earnings per share guidance, and announced guidance for 2010. Nu Skin now projects 4Q revenue to be in the $360 to $365 million range, up from $343 to $348 million. The company is also increased earnings per share guidance to be in the $0.37 to $0.39 range, including a planned $0.01 restructuring charge, up from $0.32 to $0.34.
“We are raising our guidance primarily due to a very successful prelaunch of our flagship ageLOC skin care system at our global distributor convention, as well as our anticipation that Japan will continue to see a small trend improvement in the 4Q,” said Truman Hunt, Nu Skin president and CEO. “Also, we expect a weaker dollar will benefit our results slightly more than we had anticipated.”
“We now expect annual revenue to be $1.313 to $1.318 billion,” said Ritch Wood, Nu Skin CFO. “Earnings per share for 2009 should be $1.30 to $1.32, including restructuring charges of approximately $0.13.”
The company also announces 2010 annual revenue expectations of $1.37 to $1.4 billion with earnings per share of $1.60 to $1.70.