NYSE$NUS

Nu Skin Enterprises Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Revenue declined due to macro headwinds, but certain segments experienced constant-currency growth.

Nu Skin Enterprises reported a decrease in revenue and a net loss per share due to worsening macro headwinds, including COVID-related disruptions in Mainland China, a slowdown in South Korea, global inflation, and foreign currency pressure. However, the company saw constant-currency growth in Southeast Asia/Pacific, the U.S., Japan and Taiwan/Hong Kong segments.

  • Revenue was $537.8 million, a decrease of 16% year-over-year, impacted by a 7% foreign currency effect.
  • The company reported a loss per share (EPS) of $(0.51), or $0.47 excluding restructuring and impairment charges, compared to $0.97 in Q3 2021.
  • Customer base decreased by 11% to 1,239,384, and paid affiliates also decreased by 11% to 243,276.
  • The company is focused on Nu Vision 2025, including personalized beauty and wellness strategy, affiliate-powered social commerce, and digital platform enhancements.

Headline financials

Total Revenue

$538M

Previous: $641M-16.1%
EPS (adj)

$0.47

Previous: $0.97-51.5%
Customers

1.2M

Previous: 1.4M-11.2%
Paid Affiliates

243.3K

No prior period
Sales Leaders

49.8K

Previous: 58.6K-14.9%
Capital Expenditures

-$25.5M

Previous: -$13.5M-88.1%
Free Cash Flow

-$50.8M

Previous: $36.2M-240.5%
Net Income

-$25.4M

Previous: $49.7M-151.1%
Operating Income

-$20.3M

Previous: $65.4M-131.0%
Gross Profit

$364M

Previous: $482M-24.5%
Cash & Equivalents

$294M

Previous: $282M+4.2%
Total Assets

$1.76B

Previous: $1.97B-10.7%
Stock-Based Comp

$3.17M

Previous: $3.09M+2.5%

Revenue & EPS history

Nu Skin · Revenue · Quarterly

$538M

Q3 2022-16.1%vs Q3 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Nu Skin · $449M total across 2 segments · Q3 2023

  • Total Nu Skin
    $438M
  • Rhyz Other
    $10.8M+1909.9%

Forward guidance

The company provided revenue guidance of $500 to $550 million and EPS guidance of $0.30 to $0.50 for Q4 2022.

Tailwinds

  • Revenue guidance: $500 to $550 million
  • EPS guidance: $0.30 to $0.50
  • Non-GAAP EPS guidance: $0.40 to $0.60

Headwinds

  • Approximately (8) to (10)% FX impact
  • Anticipated fourth-quarter restructuring and impairment charge of approximately $7 to $10 million

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 Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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