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Nu Skin Enterprises Inc (NUS) |
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Nu Skin Enterprises Inc Outlook |
On February 14 2024 the Nu Skin Enterprises Inc provided following guidance
Nu Skin Enterprises Inc. has released its financial results for the fourth quarter and full-year of 2023, which exceeded the company's guidance. The summary of the results is as follows:
In the fourth quarter of 2023, Nu Skin reported a revenue of $488.6 million, a decrease of 6% compared to the same period in the previous year. This decline was primarily attributed to a negative foreign exchange impact of $7.2 million.
However, the company witnessed strong growth in its Rhyz revenue, which reached $65.1 million, marking a 101% increase compared to the previous year's fourth quarter.
In terms of earnings per share (EPS), Nu Skin reported a figure of $0.15 for the fourth quarter, or $0.37 excluding restructuring and other charges. This is a significant decrease compared to the EPS of $1.15 reported in the fourth quarter of 2022. However, when excluding the impact of restructuring, impairment charges, and a favorable tax rate in the previous quarter, the adjusted EPS for the fourth quarter of 2023 was $0.89, showing a more moderate decline.
Overall, Nu Skin Enterprises Inc. performed slightly better than anticipated in the fourth quarter and full-year of 2023. The company's revenue was slightly higher than expected, driven by strong growth in Rhyz revenue. However, the EPS decreased compared to the previous year, mainly due to restructuring and other charges.
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