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Sep 30, 2022
Nu Skin Q3 2022 Earnings Report
Revenue declined due to macro headwinds, but certain segments experienced constant-currency growth.
Key Takeaways
Nu Skin Enterprises reported a decrease in revenue and a net loss per share due to worsening macro headwinds, including COVID-related disruptions in Mainland China, a slowdown in South Korea, global inflation, and foreign currency pressure. However, the company saw constant-currency growth in Southeast Asia/Pacific, the U.S., Japan and Taiwan/Hong Kong segments.
Revenue was $537.8 million, a decrease of 16% year-over-year, impacted by a 7% foreign currency effect.
The company reported a loss per share (EPS) of $(0.51), or $0.47 excluding restructuring and impairment charges, compared to $0.97 in Q3 2021.
Customer base decreased by 11% to 1,239,384, and paid affiliates also decreased by 11% to 243,276.
The company is focused on Nu Vision 2025, including personalized beauty and wellness strategy, affiliate-powered social commerce, and digital platform enhancements.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company provided revenue guidance of $500 to $550 million and EPS guidance of $0.30 to $0.50 for Q4 2022.
Positive Outlook
- Revenue guidance: $500 to $550 million
- EPS guidance: $0.30 to $0.50
- Non-GAAP EPS guidance: $0.40 to $0.60
Challenges Ahead
- Approximately (8) to (10)% FX impact
- Anticipated fourth-quarter restructuring and impairment charge of approximately $7 to $10 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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