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Jun 30, 2023
Nu Skin Q2 2023 Earnings Report
Second quarter results improved sequentially and landed within guidance range.
Key Takeaways
Nu Skin Enterprises reported second quarter 2023 results in line with expectations, driven by gains in Mainland China and Rhyz segments, while being impacted by macro-economic factors in key markets.
Revenue was $500.3 million, a decrease of 11% year-over-year, with a 3% negative impact from foreign exchange rates.
Earnings per share (EPS) was $0.54, compared to $0.67 in the prior-year quarter.
Customer count reached 1,041,118, a decrease of 25% year-over-year, with an adjustment to eligibility requirements accounting for approximately 13% of the decline.
Paid Affiliates totaled 187,652, a decrease of 23% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is adjusting its 2023 guidance, which continues to show sequential improvements in the back half of the year with a return to year-over-year growth in the fourth quarter.
Positive Outlook
- Sequential improvements expected in the back half of the year.
- Return to year-over-year growth anticipated in the fourth quarter.
- Revenue forecast for Q3 2023 is $500 to $540 million.
- EPS forecast for Q3 2023 is $0.54 to $0.69.
- Annual revenue is anticipated to be $2.00 to $2.08 billion.
Challenges Ahead
- Stronger-than-expected U.S. dollar.
- Persistence of macro headwinds.
- Foreign currency headwind of approximately 2 to 3 percent.
- Adjusted reported EPS of $2.15 to $2.45.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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