Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth quarter and full year 2022 results.
Revenue: $522.3 million; (22)% (7)% FX impact or $(51) million. Earnings Per Share (EPS):
$1.15 or $0.89 excluding restructuring and impairment chargesassociated with the company’s strategic resource reallocation and arecent IRS-approved favorable tax method change, compared to $(0.18) or $1.11 excluding restructuring and impairment charges in Q4 2021.
Customers: 1,147,124; (16)%
Paid Affiliates: 236,956; (13)%
Sales Leaders: 48,737; (21)%
Executive Summary 2022 vs. 2021
Revenue: $2.23 billion; (17)%
(5)% FX impact or $(150) million
Earnings Per Share (EPS):
$2.07 or $2.90 excluding restructuring and impairment charges and a tax method change, compared to $2.86 or $4.14 excluding
restructuring and impairment charges.
“We made steady progress toward our Nu Vision 2025 strategy, despite persistent macro-economic challenges, which primarily included COVID-related disruptions in Mainland China, global inflation and foreign currency headwinds,”
said Ryan Napierski, Nu Skin president and CEO.
“We achieved several key milestones during 2022 including the introduction of our first connected device, ageLOC® LumiSpa® iO, further strengthening our position as the world’s leading beauty device system brand; the rollout of our Vera and Stela apps in all markets, which provide increased consumer and affiliate engagement; and steady advancements with our social commerce model.
While we saw our sales