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Sep 30, 2024
Nu Skin Q3 2024 Earnings Report
Nu Skin's Q3 2024 earnings were reported in line with guidance, with Rhyz segment growth partially offsetting core business challenges.
Key Takeaways
Nu Skin Enterprises reported Q3 2024 revenue of $430.1 million, a decrease of 13.8% year-over-year, but within the guidance range. EPS was $0.17, compared to $(0.74) in the prior year, or $0.56 excluding an inventory write-off. The Rhyz segment continued to show strong growth, while the company focuses on strengthening the Nu Skin core business and improving profitability.
Revenue reached $430.1 million, reflecting a 13.8% decrease year-over-year.
Earnings per share (EPS) was $0.17, compared to $(0.74) in the prior-year quarter.
Rhyz revenue grew by 20.9% to $73.1 million.
The company is focused on strengthening the Nu Skin core, improving profitability, and optimizing the product portfolio.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Nu Skin anticipates Q4 2024 revenue to be between $410 to $445 million with EPS between $(0.09) to $0.01, or $0.19 to $0.29 non-GAAP. Full year 2024 revenue is projected to be $1.70 to $1.73 billion with EPS of $(2.32) to $(2.22), or $0.65 to $0.75 non-GAAP.
Positive Outlook
- Revenue between $410 to $445 million
- EPS between $(0.09) to $0.01
- Non-GAAP EPS between $0.19 to $0.29
- Full year revenue of $1.70 to $1.73 billion
- Full year non-GAAP EPS between $0.65 to $0.75
Challenges Ahead
- Revenue expected to decline by 16% to 9%
- Approximately (2)% to (1)% FX impact
- EPS between $(0.09) to $0.01
- Approximately (4)% to (3)% FX impact on full year revenue
- Full year EPS of $(2.32) to $(2.22)
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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