secwatch.observer — SEC 8-K summary
======================================

Issuer:     NU SKIN ENTERPRISES, INC. (NUS)
CIK:        0001021561
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001140361-23-050854
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nu Skin Q3 revenue down 7% to $498.8M; GAAP EPS $(0.74); guides FY23 revenue $1.92-1.96B
--------------------------------------------------------------------------------

- Q3 revenue $498.8M vs $537.8M prior; GAAP EPS loss $(0.74) including $65.7M inventory write-off.
- Non-GAAP EPS $0.56; customers 978,907 (-21%), paid affiliates 186,162 (-23%).
- Q4 outlook revenue $440-480M, EPS $(0.14)-$0.01 or $0.15-$0.30 non-GAAP; full-year EPS $1.62-$1.77 non-GAAP.
- Restructuring program with $15-25M severance charges in Q4 2023, expected completion by H1 2024.
- EVP Connie Tang resigns effective Oct 31, 2023, remains advisor through April 2024; CEO overseeing her org.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021561/000114036123050854/0001140361-23-050854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021561/000114036123050854/ef20013810_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-050854

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer