Nu Skin Enterprises Inc. (NYSE: NUS) today announced fourth quarter and full-year 2024 results above its latest revenue guidance.
Executive Summary Q4 2024 vs. Prior-year Quarter
Revenue $445.6 million; (8.8)% (4.1)% FX impact or $(20.1) million
Rhyz revenue $83.1 million; 27.7%
Earnings Per Share (EPS) $(0.73) or $0.38 excluding restructuring and other charges, compared to $0.15 or $0.37 excluding restructuring and other charges
Customers 831,972; (15)%
Paid Affiliates 144,874; (13)% or (12)% excluding an adjustment to eligibility requirements
Sales Leaders 36,912; (16)%
Executive Summary 2024 vs. 2023
Revenue: $1.73 billion; (12.0)% (3.8)% FX impact or $(76.1) million
Rhyz revenue $286.6 million; 32.3%
Earnings Per Share (EPS): $(2.95) or $0.84 excluding restructuring and other charges, compared to $0.17 or $1.85 excluding inventory write-off and other charges
Ryan Napierski, Nu Skin president and CEO said:
“We were pleased to beat our fourth quarter revenue guidance, generate sequential revenue growth and exceed our adjusted earnings as we materially completed our restructuring plan. As we look ahead to 2025, we anticipate improving business trends and a return to year-over-year growth in several of our markets but also anticipate continued economic challenges and poor consumer sentiment, particularly in Greater China and South Korea.
Napierski continued:
“This year we will focus on strengthening our core Nu Skin business with the continued