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Jun 30, 2024
Nu Skin Q2 2024 Earnings Report
Nu Skin's second quarter results were in line with top-line guidance, with Rhyz revenue growing significantly and adjusted earnings per share slightly exceeding projections.
Key Takeaways
Nu Skin Enterprises reported second-quarter results in line with top-line guidance. Revenue was $439.1 million, a decrease of 12.2% year-over-year, but in line with expectations despite FX headwinds. Rhyz revenue grew by 32.3%. Reported EPS was $(2.38), but adjusted EPS excluding restructuring and impairment charges was $0.21.
Revenue was $439.1 million, down 12.2% year-over-year, but in line with expectations.
Rhyz revenue increased 32.3% year-over-year.
Adjusted earnings per share slightly exceeded projections due to heightened operational discipline.
The company is intensifying transformation efforts to become a leading integrated beauty, wellness and lifestyle ecosystem.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Nu Skin projects Q3 2024 revenue of $430 to $465 million and EPS of $0.08 to $0.18, or $0.15 to $0.25 non-GAAP. Full-year 2024 revenue is projected in the $1.73 to $1.81 billion range, with EPS of $(2.01) to $(1.81) or $0.75 to $0.95 non-GAAP.
Positive Outlook
- Continued sequential improvement is expected.
- Cost efficiency programs are helping to protect profitability.
- Debt was paid down to strengthen the balance sheet.
- Additional product portfolio optimization is planned.
- Expense management is being pursued.
Challenges Ahead
- Increasing FX headwinds are considered.
- Annual revenue guidance range was narrowed.
- A $141 million non-cash charge was recorded for impairment of goodwill and other intangibles.
- The decline in stock price and current market conditions were factors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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