Nu Skin Enterprises
May 4, 2022
Nu Skin Enterprises said first-quarter 2022 revenue was 604.9 million dollars, down 11 percent from a year earlier, including a 3 percent foreign-exchange hit. Diluted earnings per share were 76 cents, versus 91 cents a year earlier. Customers fell 13 percent to about 1.32 million and paid affiliates fell 14 percent to about 251,000.
President and chief executive Ryan Napierski said Mainland China lockdowns and the Ukraine-Russia conflict weighed on results while newer products helped several markets. Full-year 2022 revenue guidance was cut to 2.51 billion to 2.62 billion dollars and earnings per share to 3.60 to 3.90 dollars. Second-quarter revenue was projected at 590 million to 620 million dollars.