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Shares of Nu Skin Enterprises Inc (NUS - Free Report) reached a new 52-week high of $133.89 on Dec 16, with the share price rising a phenomenal 263.2% year-to-date. The increased momentum in the shares was driven by the company’s ageLOC TR90 weight management system which was started in Sep 2013. In fact, shares of this skin care products and nutritional supplements company have been rising ever since it reported impressive third quarter results on Oct 31 and a strong fiscal 2014 guidance on Nov 21. Nu Skin’s shares closed at $132.64 on Dec 16. The company earlier reached a 52-week high of $128.87 on Nov 29.

The company’s long-term estimated EPS growth rate is 18.61%. Average volume of shares traded over the last three months came in at approximately 1,024K.

Innovation in Anti-Aging Product Line

This Zacks Rank #1 (Strong Buy) company has been delivering impressive earnings and revenue growth since 2010. However, revenue growth has accelerated significantly after it launched the ageLOC TR90 weight management system in September. Nu Skin’s ageLOC anti-aging product is a weight management and body shaping system and is the latest in the company’s anti-aging product line.

Nu Skin first launched the ageLOC TR90 weight management system in Greater China and South Asia/Pacific regions in Sep 2013 and generated approximately $205 million sales in the third quarter of 2013. The company expects this momentum to continue through 2014, which compelled it to issue a strong fiscal 2014 guidance.

Fiscal 2014 Guidance

Nu Skin expects earnings per share to grow 25%-30% on a year-over-year basis to $7.25 - $7.50 for fiscal 2014. Revenues for fiscal 2014 are expected in the range of $3.9 - $4.0 billion, up 22% - 25% from the prior year, riding on the success of the ageLOC TR90 weight management system. The revenue guidance includes an anticipated unfavorable foreign currency impact of 3%.

Not only this, Nu Skin’s earnings of $1.80 per share improved 107% from the prior-year quarter and surpassed the Zacks Consensus Estimate by 27% in the third quarter 2013. Sales increased 76% and were way ahead of the Zacks Consensus Estimate, owing to the successful execution of  the ageLOC TR90 weight management system. The company also raised its 2013 revenue and earnings guidance, cashing in on the performance of the ageLOC product.

Other Stocks to Consider

Other stocks worth considering in the consumer staples sector include Green Mountain Coffee Roasters Inc , United Natural Foods Inc (UNFI - Free Report) and Pinnacle Foods Inc (PF - Free Report) . All of them carry a Zacks Rank #2 (Buy).

In-Depth Zacks Research for the Tickers Above

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Nu Skin Enterprises, Inc. (NUS) - free report >>

Pinnacle Foods, Inc. (PF) - free report >>

United Natural Foods, Inc. (UNFI) - free report >>

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