Nu Skin Enterprises (NUS) Guides FY17 Revenue, EPS Below Views
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Revenue Growth %: -5.8%
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In connection with its annual investor day, Nu Skin Enterprises (NYSE: NUS) updated financial guidance for 2016 and provided initial guidance for 2017. Nu Skin's management team will share details of the company's 2017 and longer-term growth plans later today at its annual investor conference.
For 2016, the company expects a return to local-currency revenue growth, with anticipated reported revenue of approximately $2.225 billion. The company expects fourth-quarter earnings per share to be near the high end of its previous guidance, with revenue near the low end of the guidance range due to the strength of the U.S. dollar since the election.
*** The Street sees FY16 revenue of $2.25 billion.
"We are encouraged by our prospects for 2017 and anticipate revenue growth in most of our regions," said Truman Hunt, president and chief executive officer. "In 2017, we plan to execute on strong product and promotional initiatives that are aimed at accelerating growth."
The company projects 2017 revenue of $2.26 to 2.30 billion, representing local-currency growth of 4 to 6 percent. This revenue level reflects a negative foreign currency impact of approximately 3 to 4 percent. Earnings per share are estimated to be $3.10 to $3.25.
(*** The Street sees FY17 revenue of $2.36 billion and EPS of $3.31.)
A webcast of Nu Skin's investor conference will begin today at 9 a.m. EST and will be available at ir.nuskin.com. A replay of the webcast, along with accompanying slides and financial information, will be made available from the same location through the end of the year.
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