Nu Skin Enterprises (NYSE: NUS) reported Q2 EPS of $0.81, $0.19 better than the analyst estimate of $0.62. Revenue for the quarter came in at $612.4 million versus the consensus estimate of $583.95 million.

"Our business performed well above expectations in the second quarter of 2020 driven by our socially enabled business model, strategic investments in technology and manufacturing, and our balanced product portfolio," said Ritch Wood, chief executive officer. "Strong global customer growth of 29 percent in the quarter, driven by our focus on empowering sales leaders to reach more customers, resulted in constant currency revenue growth due to the strength of our business in the Americas and Europe. Our Mainland China business continues to recover with slight sequential revenue improvement and strong customer growth.

"I am particularly proud of the way our global sales leaders have embraced socially enabled commerce, with more than 85 percent of revenue in the quarter coming through digital transactions. In addition, our manufacturing division generated 20 percent revenue growth and increased stability in our supply chain. In the first half, we generated strong cash from operations, raised our dividend, strengthened our balance sheet and reduced our outstanding shares by nearly eight percent."

GUIDANCE:

Nu Skin Enterprises sees Q3 2020 EPS of $0.78-$0.88, versus the consensus of $0.66. Nu Skin Enterprises sees Q3 2020 revenue of $605-635 million, versus the consensus of $564.73 million.

Nu Skin Enterprises sees FY2020 EPS of $2.85-$3.10, versus the consensus of $2.40. Nu Skin Enterprises sees FY2020 revenue of $2.37-2.45 million, versus the consensus of $2.28 million.

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