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Dec 31, 2023
Nu Skin Q4 2023 Earnings Report
Nu Skin Enterprises reported fourth quarter and full-year 2023 results slightly above its latest guidance.
Key Takeaways
Nu Skin Enterprises' Q4 2023 revenue was $488.6 million, a decrease of 6% year-over-year, while Rhyz revenue increased by 101% to $65.1 million. EPS was $0.15, or $0.37 excluding restructuring and other charges.
Revenue was $488.6 million, a decrease of 6% compared to the prior-year quarter.
Rhyz revenue increased by 101% to $65.1 million.
EPS was reported at $0.15, or $0.37 excluding restructuring and other charges.
The company is reassessing its approach to capital allocation to invest in long-term growth and business evolution.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company's initial 2024 guidance assumes the global macro environment remains challenging in the near-term, improving throughout the year.
Positive Outlook
- Annual revenue guidance is $1.73 to $1.87 billion.
- Reported EPS of $0.75 to $1.15 or adjusted earnings of $0.95 to $1.35, excluding charges associated with our extended restructuring plan.
- For the first quarter, we project revenue of $400 to $435 million
- First quarter, reported earnings per share of $(0.07) to $0.03 or $0.00 to $0.10 excluding restructuring charges.
- The Nu Skin Enterprises board of directors has declared a quarterly cash dividend of $0.06 per share, which will be paid on March 6, 2024, to shareholders of record on Feb. 26, 2024.
Challenges Ahead
- Global macro environment remains challenging in the near-term
- Annual revenue guidance includes an approximate 1% foreign currency headwind.
- Guidance reflects an anticipated higher global effective tax rate, primarily due to the expected geographical mix of earnings during the year.
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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