Nu Skin Q1 revenue $417.3M, down 13%; EPS $(0.01) GAAP; customer base shrinks 19%

NU SKIN ENTERPRISES, INC.

2024-Q1 EPS reported -$0.01 revenue$417,306,000

Revenue $417.3M, down 13.3% YoY; foreign currency hit of $18.2M; Rhyz revenue up 57.5% to $62.5M.
GAAP EPS $(0.01); adjusted EPS $0.09 ex-restructuring vs $0.37 prior year; gross margin 70.5%.
Customers 875,261 (-19%); paid affiliates 154,171 (-30%); sales leaders 38,609 (-12%).
Q2 2024 guidance: revenue $420-455M, EPS $0.01-0.10 GAAP; 2024 full-year revenue $1.73-1.87B.
CEO cites macro headwinds; cost management supported earnings; India opening expected next year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NU SKIN ENTERPRISES, INC. reported the three-month period ended March 31, 2024 results: revenue $417.3 million, EPS $(0.01) or $0.09 excluding restructuring charges. Guidance reaffirmed.

Period: the three-month period ended March 31, 2024
Revenue: $417.3 million
EPS: $(0.01) or $0.09 excluding restructuring charges
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Nu Skin Enterprises Reports First Quarter Results PROVO, Utah — May 8, 2024 — Nu Skin Enterprises Inc. (NYSE: NUS) today announced first quarter results in line with guidance. Executive Summary Q1 2024 vs. Prior-year Quarter Revenue $417.3 million; (13.3)% • (3.8)% FX impact or $(18.2) million • Rhyz revenue $62.5 million; 57.5% Earnings Per Share (EPS) $(0.01) or $0.09 excluding restructuring charges compared to $0.23 or $0.37 excluding restructuring charges Customers 875,261; (19)% Paid Affiliates 154,171; (30)% or (14)% excluding an adjustment to eligibility requirements Sales Leaders 38,609; (12)%

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Source: SEC EDGAR

accession 0001140361-24-024942

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