Nu Skin Enterprises, Inc. (NUS) has reported 249.62 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $56.87 million, or $0.98 a share in the quarter, compared with $16.27 million, or $0.28 a share for the same period last year.
Revenue during the quarter grew 5.75 percent to $604.16 million from $571.31 million in the previous year period. Gross margin for the quarter expanded 591 basis points over the previous year period to 79.17 percent. Total expenses were 86.37 percent of quarterly revenues, down from 92.55 percent for the same period last year. This has led to an improvement of 619 basis points in operating margin to 13.63 percent.
Operating income for the quarter was $82.37 million, compared with $42.54 million in the previous year period.
"We are pleased that we exceeded guidance and posted year-over-year growth during the quarter," said Truman Hunt, president and chief executive officer. "We introduced ageLOC Youth in South Korea in the quarter and saw continued enthusiasm around the globe for our latest ageLOC products. We produced double-digit gains in North Asia and Greater China and posted growth in each of our regions with the exception of South Asia/Pacific, where a significant limited-time offer in the prior year made for a difficult comparison. We also generated modest growth in sales leaders globally."
For the fourth-quarter, Nu Skin Enterprises projects revenue to be in the range of $550 million to $570 million. The company forecasts diluted earnings per share to be in the range of $0.77 to $0.81.
For financial year 2016, Nu Skin Enterprises projects revenue to be in the range of $2,230 million to $2,250 million.
