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Nu Skin Enterprises reports 2Q results
Nu Skin Enterprises announced second-quarter revenue of $321.7 million, a 12 percent improvement over the prior-year period.
Revenue was positively impacted 6 percent by foreign currency fluctuations. Earnings per share for the quarter were $0.32 compared to $0.21, a 52 percent improvement over the same quarter of 2007. Quarterly earnings were positively impacted $0.03 from the translation of yen-denominated debt to U.S. dollars.
"We're pleased with the strength of our business," said Truman Hunt, president and chief executive officer. "We are seeing good global momentum due to improved distributor alignment and strong product initiatives, which was demonstrated by 31 percent growth in our personal care brand and continued stability in our nutrition line. We also continue to reap benefits from our business transformation efforts, particularly on our bottom line as evidenced by a 170 basis point improvement in operating margin. Overall, our global operations are generating positive results and we remain on track to deliver our 2008 business objectives."
