Tag Archive for Nu Skin

Hot Business News Today

NU Skin Q1 Revenue 2024 Down 13.3% To $417.3 Million

by  •  • 0 Comments

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%

“Our first quarter revenue came in at the mid-point of our guidance, negatively impacted more than anticipated by foreign currency headwinds, while our cost management efforts helped us post earnings per share in the upper half of our guide,”

Ryan Napierski, Nu Skin president and CEO, said:

“We are continuing our business transformation efforts and making progress in developing our integrated beauty, wellness and lifestyle ecosystem. During the quarter, we again drove strong gains in our Rhyz business, growing nearly 60% year-over-year.
In our Nu Skin core business, the macro-economic environment impacted affiliate and customer growth around the globe, but we are encouraged by the performance of our ageLOC WellSpa iO, RenuSpa iO and TRMe launches.
“At our annual top sales leader event, we aligned around the upcoming preview of our new MYND360 cognitive health line and saw healthy energy for the opening of India next year. We also introduced some new early affiliate rewards

Read more...

Hot Business News Today

Nu Skin 2023 Revenue Down 12% To $1.97 Billion

by  •  • 0 Comments

Nu Skin Enterprises Inc. (NYSE: NUS) announced fourth quarter and full-year 2023 results slightly above its latest guidance.

“While we continue to work toward our long-term vision of becoming the world’s leading integrated beauty and wellness platform, our progress was impacted by persistent macro-economic pressures and disruptions associated with transforming our business,”

said Ryan Napierski, Nu Skin president and CEO.

“This was particularly evident with our fourth quarter results, which were down in our Americas, South Korea and Europe & Africa segments. This was offset by seasonal promotions in Mainland China, stabilization in Japan and modest growth in our Hong Kong/Taiwan segment. In addition, we achieved strong growth in our Rhyz businesses, which accounted for 13 percent of our revenue in the fourth quarter.
“We are committed to generating long-term enterprise value by repositioning our company to win in the rapidly evolving beauty and wellness industries by further transforming our core Nu Skin business and accelerating investment in our rapidly growing Rhyz ecosystem,”

continued Napierski.

“To enhance this transformation, we are reassessing our approach to capital allocation to invest in long-term growth and business evolution. This initiative aims to grant us increased financial flexibility, enabling us to effectively seize forthcoming growth opportunities.
This includes rebalancing our dividend payout ratio to be in line with or better than our industry peers.

Read more...

Hot Business News Today

Nu Skin Appoints James D. Thomas As Chief Financial Officer

by  •  • 0 Comments

Nu Skin Enterprises, Inc today announced the appointment of James D. Thomas as executive vice president and chief financial officer. Thomas has been serving as interim CFO for the past four months and has been the company’s chief accounting officer for the past four years.
“Based on his extensive experience, James has a deep understanding of our operations and the ability to strategically align our financial resources to support our current business as well as our vision for the future. He brings strong leadership and solid financial expertise to our senior management team as we continue to execute on our strategy and transformation.”
Said Ryan Napierski, president and CEO.
Thomas joined Nu Skin in 2010 and has served as interim chief financial officer since April 2023 and as chief accounting officer since 2019. He has played a critical role in the company’s mergers and acquisitions strategy and has led several projects across multiple disciplines such as the global alignment of the company’s financial operations and a recent project to identify cross-functional efficiencies to improve margins across the company.
Prior to Nu Skin, Thomas worked as an assistant controller of another public, technology-enabled wellness company and served in the assurance practice at PricewaterhouseCoopers LLP. Thomas holds Bachelor of Science

Read more...

Hot Business News Today

Nu Skin Q1 Revenue Down 20% To $481.5 Million

by  •  • 0 Comments

“First quarter results were in line with our guidance reflecting better-than-expected performance in South Korea and Mainland China, while the Americas and Southeast Asia continued to be impacted in large part by macro-economic factors including inflation and recession concerns,” said Ryan Napierski, Nu Skin president and CEO. ”
Although our results were down due to a difficult comparison and persistent macro-economic challenges, we continue to make steady progress toward the key priorities that underpin our Nu Vision 2025 strategy.
During the quarter, we experienced improving sequential trends in customers and paid affiliates in Mainland China.
We also introduced ageLOC® TRMe®, our personalized weight management system in South Korea, driving healthy results. In addition, our ageLOC® LumiSpa® iO device continues to gain traction with more than 3.7 million treatments performed to date, while enhancements to the capabilities of our Vera® and Stela apps are driving customer conversion and user engagement.
“In the second half of this year, we’ll further strengthen our position as the world’s leading beauty device system brand with the introduction of ageLOC WellSpa iO™, our next connected device system focused on holistic wellness and beauty.
We will also continue to evolve our social commerce business model to empower our micro-

Read more...

Hot Business News Today

Nu Skin Revenue 2022 Down 17% To $2,230 Million

by  •  • 0 Comments

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

Read more...

Hot Business News Today

Nu Skin Top Leader Nathan Ricks Died In A Plane Crash

by  •  • 0 Comments

Nathan Ricks died in a plane crash in Provo airport, Utah, USA.
Three others injured after a small plane crashed Monday afternoon at the Provo Airport.
Provo City officials said the private plane crashed  “immediately after takeoff” around 11:35 a.m. One person died at the scene, another was taken to the hospital with critical injuries, and two other people received “what appears to be minor bumps and bruises.”
Nathan Ricks has been a leader in the network marketing world for three decades. His explosive career began in 1989 when he created an independent distributor force of 100,000 people in just 24 short months at Nu Skin.
He has since become a world-renown network marketer, public speaker, and businessman, as well as one of the largest commercial real estate developers in the State of Utah.
He is a $20 Million Dollar Circle Member of Nu Skin Enterprises. He has become one of largest distributors in Nu Skin’s history.
He is the founder of One Team Global (OTG), a worldwide sales organization with over 500,000 distributors in 54 countries. The OTG team is responsible for the movement of nearly 1 Billion USD in Nu Skin/Pharmanex products annually.
Nathan was also instrumental in the launch of Nu Skin Japan where

Read more...

Hot Business News Today

Nu Skin Introduces The AgeLOC LumiSpa iO

by  •  • 0 Comments

Nu Skin Enterprises, a global beauty and wellness leader, today introduced a smart skin treatment and cleansing device with a connected, immersive experience.
Featuring Nu Skin’s patented micropulse technology, the new ageLOC® LumiSpa® iO system takes personalized beauty to a new level with customized treatment options, intelligent coaching, skincare routine tracking and more. The ageLOC LumiSpa iO is the latest innovation from the world’s best-selling brand for beauty device systems for five consecutive years.*
The ageLOC LumiSpa iO system includes the LumiSpa iO device, three non-abrasive treatment head options and five cleanser options that are scientifically formulated to enable precise cushioning, cleansing and interaction with the skin. In conjunction with the Nu Skin Vera™ app released earlier this year, the ageLOC LumiSpa iO unlocks a new world of personalized skincare experiences.
“The ageLOC LumiSpa iO represents our most advanced skincare device yet,”
said Ryan Napierski, president and CEO of Nu Skin.
“We’ve created a one-of-a-kind beauty device that integrates IoT technology to provide greater insights into a consumer’s personal beauty and wellness journey.
Our scientific rigor in integrating smart beauty devices with scientifically formulated serums and treatments is a unique strength that other beauty brands can’t easily duplicate.”
Nu Skin continues to lead the way in

Read more...

Hot Business News Today

Nu Skin Q3 Revenue Down 16% To $537 Million

by  •  • 0 Comments

Nu Skin Enterprises, Inc. (NYSE: NUS) today announced third quarter 2022 results.
Executive Summary Q3 2022 vs. Prior-year Quarter:

Revenue: $537.8 million; (16)%
Earnings Per Share (EPS): $(0.51) or $0.47
Customers: 1,239,384; (11)%
Paid Affiliates: 243,276; (11)%
Sales Leaders: 49,824; (22)%

“Our third quarter results were impacted more than anticipated by worsening macro headwinds, including prolonged COVID-related disruptions in Mainland China, slowdown in South Korea, persistent global inflation and excessive foreign currency pressure,”
said Ryan Napierski, Nu Skin president and CEO.
“Despite the challenging macro environment, we further strengthened our position as the world’s leading beauty device system company by introducing our connected ageLOC® LumiSpa® iO.
This introduction, which continues in the fourth quarter, along with the expansion of ageLOC® Meta and Beauty Focus Collagen+ products and further advancement of our social commerce initiatives, helped us deliver constant-currency growth in four of our reporting segments.
The growth was led by Southeast Asia/Pacific and our tenth consecutive quarter of growth in our U.S. market. Japan and our Taiwan/Hong Kong segments grew in constant currency, with reported currency declines due to unfavorable foreign currency.
“We remain focused on Nu Vision 2025 for driving long-term growth and shareholder value as we continue executing against the core elements including the introduction of EmpowerMe,

Read more...

Hot Business News Today

Nu Skin Q3 Sales Up 20% To $675 Million

by  •  • 0 Comments

Nu Skin Enterprises, Inc. (NYSE: NUS) today announced strong third-quarter financial results with revenue of $675.3 million, an increase of 20 percent over the prior-year period. Earnings per share were $0.94, an increase of 24 percent over the prior-year period, or $1.01, an increase of 33 percent, when excluding a foreign currency translation loss of $0.07.
“We delivered strong year-over-year financial results with reported revenue growth in every region, highlighted by double-digit increases in Mainland China and Southeast Asia,”
said Ritch Wood, chief executive officer.
“This is our fourth consecutive quarter of revenue growth of 20 percent or more, driven by the continued execution of our growth strategy focused on engaging platforms, enabling products and empowering programs which led to solid customer growth of 9 percent and sales leader growth of 14 percent.”
“We continue to empower our sales leaders to effectively acquire customers through enabling social sharing, providing innovative products like ageLOC LumiSpa, and implementing our enhanced sales compensation program, Velocity. We are on pace to generate a very strong finish to this year which we believe sets us up well for 2019,” Wood concluded.
“We generated 20 percent year-over-year revenue growth and 24 percent improvement in earnings in the quarter,”
said Mark Lawrence,

Read more...

Hot Business News Today

Nu Skin Q2 Sales Up 28% To $704 Million

by  •  • 0 Comments

Nu Skin Enterprises, Inc. (NYSE: NUS) today announced strong second-quarter financial results with revenue of $704.2 million, up 28 percent over the prior-year period, and earnings per share of $0.90, a 17 percent increase over the prior-year period.
Quarterly earnings were negatively impacted by a foreign currency translation loss of $0.13 and a $0.05 purchase accounting charge.
“We continue to successfully execute on our customer growth strategy centered on engaging platforms, enabling products and empowering programs, which led to accelerated growth,”
said Ritch Wood, chief executive officer.
“Our customers grew by 8 percent and sales leaders grew by 21 percent, and we saw healthy revenue generation throughout the business, highlighted by double-digit increases in Mainland China, Southeast Asia and the Americas and Pacific.
We are also pleased with the solid performance of our acquired businesses, which we anticipate will show increased benefits in our future results.”
“Based on our strong first-half results, with double-digit growth in both the first and second quarters, we now see revenue growth of approximately 15 to 17 percent for the year,”
said Wood.
“We will continue to invest in social selling capabilities, product innovation and the ongoing rollout of our Velocity sales compensation program. We expect these initiatives, coupled with the

Read more...