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Nu Skin Enterprises Inc (NUS) Q1 2021 Earnings Call Transcript


Operator
Good day, and thank you for standing by. Welcome to the Q1 2021 Nu Skin Enterprises Earnings conference call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Scott Pond. Please go ahead.
Scott Pond
Vice President of Investor Relations
Thanks, Peter, and good afternoon, everyone. Today on the call with me are Ritch Wood, Chief Executive Officer; Ryan Napierski, President and CEO-elect; and Mark Lawrence, Chief Financial Officer. On today s call, comments will be made that include some forward-looking statements. These statements involve risks and uncertainties, and actual results may differ materially from those discussed or anticipated. ....

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Nu Skin Enterprises Reports Record First-Quarter 2021 Results


1,517,260; +34%
We are very pleased with a strong start to 2021 with our highest-ever first quarter revenue and earnings per share, said Ritch Wood, chief executive officer. Our innovative beauty and wellness product initiatives powered by our social commerce business model led to 34 percent growth in our customer base over the prior year and a 22 percent increase in global sales leaders. We were recognized again by Euromonitor as the world s number one beauty device systems brand.
We continue to improve our geographic balance, driven by ongoing strong performance in the West, providing a more diversified and sustainable growth profile. Our manufacturing segment also achieved record results with 69 percent year-over-year revenue growth. ....

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When the CEO's son makes $3 million, I worry


Apr 27, 2021
It’s peak proxy season, the time of year when America’s publicly traded companies make a slew of disclosures related to their annual meetings. Which means it’s a great time to witness a phenomenon that would be heart-warming were it not happening at shareholders’ expense: the generosity that top executives and directors show toward their relatives.
Transactions with related parties, which include both relatives of and entities controlled by company insiders, have a long and checkered history.
After the 2001 implosion of Enron, which used such transactions to mask its financial shenanigans, the Securities and Exchange Commission began requiring better disclosure on anything exceeding $120,000. As a result, proxy statements often include interesting information about the relatives of top executives or directors who are on the payroll or have other business dealings with the company. ....

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