Nu Skin Fourth Quarter Revenue Falls 22 Percent to 522 Million; Guides Soft 2023

PROVO, Utah, February 15, 2023 -- Nu Skin Enterprises reported fourth-quarter 2022 revenue of 522.3 million dollars, down 22 percent from a year earlier, including about 51 million dollars of foreign-currency impact. Diluted EPS was 1.15 dollars, or 0.89 dollars excluding restructuring and impairment charges and a favorable tax-method change. Customers fell 16 percent to about 1.15 million and sales leaders fell 21 percent.

Full-year revenue was 2.23 billion dollars, down 17 percent, with diluted EPS of 2.07 dollars. President and chief executive Ryan Napierski cited COVID disruptions in mainland China, inflation and currency headwinds while noting progress on Nu Vision 2025, including the ageLOC LumiSpa iO connected device and social-commerce apps.

Initial 2023 guidance is revenue of 2.03 billion to 2.18 billion dollars and reported EPS of 2.27 to 2.67 dollars, with first-quarter revenue of 450 million to 490 million dollars and an expected first-quarter restructuring and impairment charge of 5 million to 10 million dollars.