Nu Skin Enterprises
February 16, 2022
Nu Skin Enterprises said fourth-quarter 2021 revenue was 673.4 million dollars, down 10 percent, and reported a loss of 18 cents per diluted share after restructuring and impairment charges. Excluding those items, earnings were 1.11 dollars per share. Full-year revenue was 2.70 billion dollars, up 4 percent, with reported earnings of 2.86 dollars per share and 4.14 dollars excluding charges.
The company said it elected to exit its Grow Tech business and took a one-time pre-tax charge of 58.5 million dollars. President and chief executive Ryan Napierski introduced the Nu Vision 2025 strategy focused on personalized beauty and wellness, social commerce, and digital platform expansion. Guidance for 2022 revenue was 2.66 billion to 2.77 billion dollars and earnings per share of 4.05 to 4.45 dollars. First-quarter 2022 revenue was projected at 560 million to 590 million dollars.