Nu Skin announced 28% revenue increase in the fourth quarter of 2020, compared to the last quarter of 2019. With this, company’s annual global sales reached $2.581 billion.
“We grew revenue in each of our reporting segments with particular strength in the west markets where our brand affiliates have more broadly adopted social commerce to share our products. The successful Boost and Nutricentials product introductions helped generate 28% revenue and 29% sales leader growth in the quarter. In addition, our manufacturing segment continued to generate strong results, posting 42% revenue growth in the quarter and playing a critical role in our ability to keep product in stock, even with increased demand and global supply chain constraints,” said Ritch Wood, Chief Executive Officer.
For 2021, company management anticipates revenue to be between $2.71 and $2.81 billion.