NU Skin Enterprises Inc

NYSE:NUSUnited States

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• -- GUIDANCE: (NUS) NU SKIN ENTERPRISES Expects Q2 EPS Range $0.10 - $0.20, from 7 hours ago by MT Newswires

  7 hours ago by MT Newswires
  Companies Mentioned: NUS
  04:09 PM EDT, 05/08/2024 (MT Newswires) -- ...

• -- Earnings Flash (NUS) NU SKIN ENTERPRISES Posts Q1 Revenue $417.3M, vs. Street Est of $432.4M, from 7 hours ago by MT Newswires

  7 hours ago by MT Newswires
  Companies Mentioned: NUS
  04:08 PM EDT, 05/08/2024 (MT Newswires) -- ...

• -- Earnings Flash (NUS) NU SKIN ENTERPRISES Posts Q1 EPS $0.09, vs. Street Est of $0.05, from 7 hours ago by MT Newswires

  7 hours ago by MT Newswires
  Companies Mentioned: NUS
  04:07 PM EDT, 05/08/2024 (MT Newswires) -- ...

• Nu Skin Enterprises Reports First Quarter Results, from 7 hours ago by Business Wire

  7 hours ago by Business Wire
  Companies Mentioned: NUS

  Nu Skin Enterprises Inc. (NYSE: NUS) today announced first quarter results in line with guidance.

  "Our first quarter revenue came in at the mid-point of our guidance, negatively impacted more than anticipated by foreign currency headwinds, while our cost management efforts helped us post earnings per share in the upper half of our guide," said Ryan Napierski, Nu Skin president and CEO. "We are continuing our business transformation efforts and making progress in developing our integrated beauty, wellness and lifestyle ecosystem. During the quarter, we again drove strong gains in our Rhyz business, growing nearly 60% year-over-year. In our Nu Skin core business, the macro-economic environment impacted affiliate and customer growth around the globe, but we are encouraged by the performance of our ageLOC WellSpa iO, RenuSpa iO and TRMe launches.

• Nu Skin Enterprises Reports First Quarter Results, from 7 hours ago by Dow Jones

  7 hours ago by Dow Jones
  Companies Mentioned: NUS
  Total operating expenses 285,242 331,810 -------- ------- Operating income 8,822 16,064 Interest expense 7,325 4,888 Other income (expense), net (396) 3,412 -------- ------- Income before provision for income taxes 1,101 14,588 Provision for income taxes 1,634 3,212 -------- ------- Net (loss) income $ (533) $ 11,376 ======== ======= Net (loss) income per share: Basic $ (0.01) $ 0.23 Diluted $ (0.01) $ 0.23 Weighted-average common shares outstanding (000s): Basic 49,538 49,644 Diluted 49,538 50,058 NU SKIN ENTERPRISES, INC. Consolidated Balance Sheets (Unaudited) (U.S. dollars in thousands) March 31, December 31, 2024 2023 ------------ ------------ ASSETS Current assets: Cash and cash equivalents $ 212,532 $ 256,057 Current investments 8,674 11,759 Accounts receivable, net 67,041 72,879 Inventories, net 265,100 279,978 Prepaid expenses and other 93,913 81,198 ----------- ----------- Total current assets 647,260 701,871 Property and equipment, net 422,818 432,965 Operating lease right-of-use assets 93,092 90,107 Goodwill 230,768 230,768 Other intangible assets, net 101,933 105,309 Other assets 246,044 245,443 ----------- ----------- Total assets $ 1,741,915 $ 1,806,463 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 32,237 $ 43,505 Accrued expenses 247,068 260,366 Current portion of long-term debt 30,000 25,000 ----------- ----------- Total current liabilities 309,305 328,871 Operating lease liabilities 74,198 70,943 Long-term debt 453,183 478,040 Other liabilities 95,023 106,641 ----------- ----------- Total liabilities 931,709 984,495 ----------- ----------- Commitments and contingencies Stockholders' equity: Class A common stock -- 500 million shares authorized, $0.001 par value, 90.6 million shares issued 91 91 Additional paid-in capital 618,706 621,853 Treasury stock, at cost -- 40.9 million and 41.1 million shares (1,564,942) (1,570,440) Accumulated other comprehensive loss (110,607) (100,006) Retained earnings 1,866,958 1,870,470 ----------- ----------- Total stockholders' equity 810,206 821,968 ----------- ----------- Total liabilities and stockholders' equity $ 1,741,915 $ 1,806,463 =========== =========== NU SKIN ENTERPRISES, INC. Reconciliation of Operating Margin Excluding Impact of Restructuring to GAAP Operating Margin (in thousands, except for per share amounts) Three months ended March 31, ----------------------- 2024 2023 ------------ --------- Operating Income $ 8,822 $ 16,064 Impact of restructuring and impairment: Restructuring and impairment 7,134 9,787 -------- -------- Adjusted operating income $ 15,956 $ 25,851 ======== ======== Operating margin 2.1% 3.3% Operating margin, excluding restructuring impact 3.8% 5.4% Revenue $ 417,306 $ 481,462 NU SKIN ENTERPRISES, INC. Reconciliation of Effective Tax Rate Excluding Impact of Restructuring to GAAP Effective Tax Rate (in thousands, except for per share amounts) Three months ended March 31, ---------------------- 2024 2023 ------------ -------- Provision (benefit) for income taxes $ 1,634 $ 3,212 Impact of restructuring on provision for income taxes 2,356 2,593 -------- ------- Provision for income taxes, excluding impact of restructuring $ 3,990 $ 5,805 ======== ======= Income before provision for income taxes 1,101 14,588 Impact of restructuring and impairment expense: Restructuring and impairment 7,134 9,787 -------- ------- Income before provision for income taxes, excluding impact of restructuring $ 8,235 $ 24,375 ======== ======= Effective tax rate 148.4% 22.0% Effective tax rate, excluding restructuring impact 48.5% 23.8% NU SKIN ENTERPRISES, INC. Reconciliation of Earnings Per Share Excluding Impact of Restructuring to GAAP Earnings Per Share (in thousands, except for per share amounts) Three months ended March 31, ---------------------- 2024 2023 ------------ -------- Net (loss) income $ (533) $ 11,376 Impact of restructuring and impairment expense: Restructuring and impairment 7,134 9,787 Tax impact (2,356) (2,593) --- ------- ------- Adjusted net income $ 4,245 $ 18,570 === ======= ======= Diluted earnings per share $ (0.01) $ 0.23 Diluted earnings per share, excluding restructuring impact $ 0.09 $ 0.37 Weighted-average common shares outstanding (000) 49,538 50,058 NU SKIN ENTERPRISES, INC. Reconciliation of Earnings Per Share Excluding Impact of Restructuring to GAAP Earnings Per Share Three months ended Year ended June 30, December 31, -------------------- ---------------------- 2024 - 2024 2024 - 2024 Low-end High-end Low-end High-end -------- ---------- -------- ------------ Earnings Per Share $ 0.01 $ 0.10 $ 0.77 $ 1.16 Impact of restructuring expense: Restructuring 0.15 0.15 0.29 0.29 Tax impact (0.06) (0.05) (0.11) (0.10) ------- ------ ------- ----------- Adjusted EPS $ 0.10 $ 0.20 $ 0.95 $ 1.35 ======= ====== ======= ===========