NYSE$NUS
Nu Skin Enterprises Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Nu Skin's Q1 2023 results were announced, aligning with expectations, but revenue and EPS decreased compared to the prior-year quarter.
Nu Skin Enterprises reported first quarter 2023 financial results that were in line with expectations. Revenue was $481.5 million, a decrease of 20% compared to the prior-year quarter. EPS was $0.23, or $0.37 excluding restructuring and impairment charges, compared to $0.76 in the prior-year quarter. The company reiterated its 2023 guidance, expecting gradual sequential improvements throughout the year.
- First quarter results aligned with guidance, showing better performance in South Korea and Mainland China.
- Americas and Southeast Asia were impacted by macro-economic factors like inflation and recession concerns.
- Sequential trends in customers and paid affiliates in Mainland China improved.
- ageLOC® TRMe® launched in South Korea, while ageLOC® LumiSpa® iO device continued to gain traction.
Headline financials
Revenue & EPS history
Nu Skin · Revenue · Quarterly
$481M
Revenue by segment
Nu Skin · $446M total across 2 segments · Q1 2023
- Total Nu Skin$442M—99.1%
- Rhyz Other$3.95M—0.9%
Forward guidance
The company is reiterating its 2023 guidance with gradual sequential improvements in the business throughout the year, despite a challenging global macro environment. For Q2 2023, revenue is projected to be $485 to $525 million with EPS of $0.45 to $0.55.
Tailwinds
- Reiterating 2023 revenue guidance of $2.03 to $2.18 billion.
- Expecting gradual sequential improvements in business throughout the year.
- Managing cost structure conservatively and investing in key growth initiatives.
- Reiterating reported EPS of $2.27 to $2.67.
- Increasing non-GAAP EPS to $2.41 to $2.81, excluding the first quarter restructuring charge of $9.8 million.
Headwinds
- Challenging global macro environment.
- Negative foreign currency impact of approximately 1 to 2 percent expected.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.9%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-2.1%
Avg return
30 days after
41%
28 / 68 earnings
Positive
+28.3%
Q1 2020
Best reaction
-20.5%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | -10.3% | -23.4% | |
| Q4 2025 | -18.1% | -16.7% | -29.8% | |
| Q3 2025 | -15.9% | -11.4% | -7.8% | |
| Q1 2025 | +11.2% | +18.8% | +28.7% | |
| Q4 2024 | +17.8% | +22.0% | +26.5% | |
| Q3 2024 | +1.1% | +11.6% | +15.7% | |
| Q2 2024 | -4.0% | -9.9% | -23.7% | |
| Q1 2024 | +4.3% | +10.3% | +8.1% | |
| Q4 2023 | -20.5% | -21.3% | -23.8% | |
| Q3 2023 | -11.2% | -8.6% | -7.5% | |
| Q2 2023 | -6.5% | -10.7% | -18.7% | |
| Q1 2023 | -3.7% | -4.2% | -13.1% | |
| Q4 2022 | +0.3% | +1.0% | -11.8% | |
| Q3 2022 | -18.8% | -9.4% | +7.7% | |
| Q2 2022 | -3.4% | -3.8% | -10.3% | |
| Q1 2022 | -2.8% | +0.4% | +5.2% | |
| Q4 2021 | +10.8% | +7.9% | -4.3% | |
| Q3 2021 | +6.1% | +8.9% | +10.5% | |
| Q2 2021 | +0.9% | -0.6% | -7.0% | |
| Q1 2021 | +11.7% | +13.5% | +17.0% | |
| Q4 2020 | -13.0% | -20.8% | -14.9% | |
| Q3 2020 | +3.9% | -10.3% | +0.9% | |
| Q2 2020 | +2.3% | +3.3% | +3.1% | |
| Q1 2020 | +28.3% | +24.9% | +44.6% | |
| Q4 2019 | -13.4% | -12.0% | -43.6% | |
| Q3 2019 | -15.3% | -11.5% | -19.2% | |
| Q2 2019 | +5.8% | +6.6% | +11.9% | |
| Q1 2019 | +26.9% | +15.5% | -4.9% | |
| Q4 2018 | -7.4% | +1.4% | -9.7% | |
| Q3 2018 | -13.4% | -10.5% | -12.1% | |
| Q2 2018 | +15.7% | +12.8% | +8.9% | |
| Q1 2018 | -1.1% | +1.8% | +11.8% | |
| Q4 2017 | -1.6% | +1.7% | +5.8% | |
| Q3 2017 | -4.3% | -5.4% | +4.3% | |
| Q2 2017 | -2.9% | -2.3% | -2.1% | |
| Q1 2017 | -2.5% | +1.5% | +1.7% | |
| Q4 2016 | -12.3% | -12.6% | -4.6% | |
| Q3 2016 | -8.7% | -8.2% | -14.0% | |
| Q2 2016 | +12.2% | +10.8% | +11.1% | |
| Q1 2016 | +3.2% | — | — | |
| Q4 2015 | -11.3% | — | — | |
| Q3 2015 | +4.5% | — | — | |
| Q2 2015 | +16.2% | — | — | |
| Q1 2015 | -5.0% | — | — | |
| Q4 2014 | +18.4% | — | — | |
| Q3 2014 | -19.6% | — | — | |
| Q2 2014 | -17.4% | — | — | |
| Q1 2014 | -10.9% | — | — | |
| Q4 2013 | -5.8% | — | — | |
| Q3 2013 | +8.6% | — | — | |
| Q2 2013 | +5.3% | — | — | |
| Q1 2013 | +5.0% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | +16.7% | — | — | |
| Q2 2012 | +15.9% | — | — | |
| Q1 2012 | -12.8% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | -3.9% | — | — | |
| Q2 2011 | -4.0% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2008 | -2.0% | — | — | |
| Q4 2010 | -2.0% | — | — | |
| Q3 2010 | -2.1% | — | — | |
| Q3 2009 | -2.1% | — | — | |
| Q4 2009 | -6.1% | — | — | |
| Q2 2010 | -6.1% | — | — | |
| Q2 2009 | -6.1% | — | — |
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