FORM 8-K NSE 2Q Earnings Press Release July 29, 2003

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):       July 29, 2003


   NU SKIN ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
  
        
Delaware
(State or other jurisdiction
of incorporation)
001-12421
(Commission File Number)
87-0565309
(IRS Employer
Identification No.)
        
   75 West Center Street
Provo, UT 84601

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code:
(801) 345-6100


N/A
(Former name or former address, if changed since last report)
  




Item 7.      Financial Statements and Exhibits.

(c)          EXHIBITS.

EXHIBIT NO.
DESCRIPTION
    99.1   Nu Skin Enterprises' Press Release dated July 29, 2003  

Item 9.      Regulation FD Disclosure

See Item 12. Results of Operations and Financial Condition.

Item 12.       Results of Operations and Financial Condition.

On July 29, 2003, Nu Skin Enterprises issued a press release announcing its financial results for the second quarter ended June 30, 2003 and certain other information. A copy of Nu Skin Enterprises’ press release is attached as Exhibit 99.1 to this report and incorporated by reference.

The information furnished in this report and the exhibit hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

In the press release furnished herewith in Exhibit 99.1, the Company provides earnings per share projections for the third quarter and remainder of the year that exclude certain one-time charges that are expected to be incurred in the third quarter as described in the press release. These projections adjust estimated GAAP earnings per share to remove the impact of these anticipated charges that are unusual in nature and unlikely to impact results of operations going forward. Management believes these non-GAAP financial measures assist management and investors in evaluating, and comparing from period to period, results from ongoing operations in a more meaningful and consistent manner while also highlighting more meaningful trends in the results of operations. A reconciliation of projected earnings per share, excluding the anticipated one-time charges, to projected earnings per share, on a GAAP basis, is provided in the press release furnished herewith.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


NU SKIN ENTERPRISES, INC.
(Registrant)

/s/  Ritch N. Wood                      
Ritch N. Wood
Chief Financial Officer

Date: July 29, 2003






EXHIBIT INDEX


Exhibit No.
Exhibit Description
    99.1   Nu Skin Enterprises' Press Release dated July 29, 2003