Cosmetics marketer Nu Skin Enterprises, Inc. (NUS), Thursday, reported a surge in fourth-quarter profit, mainly attributable to a 19% increase in revenues and improved margins. The company also provided a guidance for the first quarter, and raised its earnings view for fiscal 2010.
Net income for the quarter more than doubled to $30.32 million or $0.47 per share, from $14.50 million or $0.23 per share. In the fourth quarter last year, the company had losses amounting to $12.57 million related to foreign currency translations, which narrowed to $397,000 in the current-year quarter.
After adjusting for this and other non-recurring expenses, net income rose to $29.92 million or $0.46 per share from $22.08 million or $0.35 per share last year.
On an average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share. Analysts' estimates typically exclude special items. Net revenues rose to $378.05 million from $317.58 million, compared to market expectation for revenues of $362.58 million.
Revenues from all geographic divisions improved, with sales in North Asia increasing to $167.16 million from $151.33 million. Revenues from the Americas rose to $78.90 million from $58.94 million and from Europe grew to $40.97 million from $28.41 million. Sales in Greater China increased to $55.74 million from $52.90 million, while in South Asia/Pacific region sales improved to $35.29 million from $26 million.
Nu Skin Enterprises reported an increase in selling, general and administrative expenses in the fourth quarter, as the company introduced new products to its portfolio. General and administrative expenses for the quarter were $104.90 million, including approximately $7 million of costs associated with hosting the company's global convention, compared to $88.34 million in the prior-year quarter.
Net income for fiscal 2009 rose to $89.85 million or $1.40 per share, from $65.35 million or $1.02 per share last year. Adjusted earnings increased to $95.42 million or $1.48 per share from $77.30 million or $1.21 per share. Eight analysts expected the company to report net income of $1.45 per share.
Full-year revenues improved to $1.33 billion from $1.25 billion, higher than market estimate of $1.32 billion.
Looking forward, for the first quarter, the company projects earnings to be in the range of $0.39 per share to $0.42 per share and revenues of between $337 million and $345 million.
Nu Skin Enterprises boosted its outlook for fiscal 2010 and now expects earnings to be in the range of $1.65 to $1.75 per share and revenues between $1.38 billion and $1.41 billion. The company's earlier expectations were for revenues of $1.37 billion - $1.40 billion and earnings per share in the range of $1.60 - $1.70.
NUS shares are trading at $25.25, up $0.29 or 1.16% on the NYSE.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.