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Dec 31, 2022
Nu Skin Q4 2022 Earnings Report
Nu Skin reported a decrease in revenue and mixed EPS results due to macroeconomic challenges, including COVID-related disruptions in Mainland China, global inflation and foreign currency headwinds.
Key Takeaways
Nu Skin Enterprises reported Q4 2022 results with a decrease in revenue to $522.3 million and EPS of $1.15, or $0.89 excluding certain charges. The company is progressing with its Nu Vision 2025 strategy, focusing on personalized beauty and wellness.
Revenue was $522.3 million, a decrease of 22% year-over-year, with a 7% negative impact from foreign exchange rates.
Earnings per share (EPS) was $1.15, or $0.89 excluding restructuring and impairment charges and a tax method change.
The company is advancing its EmpowerMe personalized beauty and wellness strategy.
Nu Skin is focused on stabilizing performance in challenged regions and leveraging best practices from markets further along in their social commerce transition.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Nu Skin's initial 2023 guidance assumes a challenging global macro environment in the near-term, with improvement expected throughout the year.
Positive Outlook
- Advancing EmpowerMe personalized beauty and wellness strategy by introducing body iO smart, connected device system.
- Rolling out TRMe® weight management line.
- Enhancing Vera and Stela apps with additional capabilities, features and improvements.
- Expanding affiliate-powered social commerce model.
- Focusing on stabilizing performance in more challenged regions and leveraging best practices from markets further along in their social commerce transition.
Challenges Ahead
- Global macro environment remains challenging in the near-term.
- Anticipate reported EPS of $2.27 to $2.67 or $2.35 to $2.75 excluding charges associated with a modest amount of 2023 restructuring.
- Project revenue of $450 to $490 million for the first quarter, assuming a negative foreign currency impact of approximately 5 to 6 percent.
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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