American multilevel marketing company Nu Skin Enterprises, that also sells personal care products, has released second-quarter 2019 results. The results include the earnings meeting the Zacks Consensus Estimate and sales missing the same. The top and the bottom line of the earning was affected during the year. Especially China market has shown instability in the quarterly performance. China has recently completed a 100-day government campaign to inspect nutrition and direct sales which led to troubles like limited sales meetings, media scrutiny, and adverse consumer sentiments. These factors will be further rectified to stable the top and bottom line, as reported in the second quarter.
Nu Skin has brought many initiatives to improve the Mainland China Market. The company is planning to roll out products, sales strategies and manufacturing platforms. In addition, Nu Skin is also on the way with an effort to boost customer base at other locations. Its management repeated its guidance for 2019 on Jul 16. The company is expecting revenue in the range of $2.48-$2.52 billion that includes currency headwinds of nearly 3 to 4%. Further earnings are also predicted in the range of $3.20-$3.35 that includes a decline from $3.52 as delivered in the prior year.
Nu Skin reviews and projection of the third quarter shows that the company is projecting revenues in the band of $595-$615 million including adverse impact of nearly 2%. The earning is anticipated between 74 cents and 81 cents. The Zacks Consensus Estimate for third-quarter earning was pegged at 79 cents.