Monthly Archives: November 2022

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Nu Skin Q3 Revenue Down 16% To $537 Million

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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,

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LifeVantage Q1 Revenue Down 2.7% To 51.8 Million

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LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its first fiscal quarter ended September 30, 2022.
First Quarter Fiscal 2023 Summary*:

Revenue of $51.8 million, a decrease of 2.7% from the prior year period. Excluding the negative impact of foreign currency fluctuations, first quarter revenue was up approximately 2.3%;
Revenue in the Americas decreased 0.2%.
Revenue in the United States increased 1.1%.
Revenue in Asia/Pacific & Europe decreased 8.2%. Excluding the negative impact of foreign currency fluctuations, first quarter revenue in Asia/Pacific & Europe increased approximately 7.4%;
Total active accounts declined 6.7% from the prior year period to 153,000, reflecting a decline of 7.8% in the Americas and a 4.1% decline in Asia/Pacific & Europe;
Net income per diluted share were $0.05, versus $0.25 per diluted share a year ago;
Adjusted earnings per diluted share were $0.06, versus $0.23 a year ago;
Adjusted EBITDA of $2.8 million, compared to $5.8 million a year ago; and
Strong balance sheet with $17.6 million of cash and no debt.

* All comparisons are on a year over year basis and compare the first quarter of fiscal 2023 to the first quarter of fiscal 2022, unless otherwise noted.
“Results in the first quarter demonstrated continued momentum across our strategic initiatives around innovation and engagement,”
said

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