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Nu Skin Enterprises, Inc. - NUS STOCK NEWS

Welcome to our dedicated page for Nu Skin Enterprises news (Ticker: NUS), a resource for investors and traders seeking the latest updates and insights on Nu Skin Enterprises stock.

Nu Skin Enterprises, Inc. (NYSE: NUS) is a global leader in health and beauty, founded 35 years ago. The company excels in creating and distributing innovative consumer products, focusing on beauty and wellness. Nu Skin’s product lines include personal care items under the Nu Skin brand and nutritional supplements marketed under the Pharmanex brand. Operating in more than 50 countries, the firm’s extensive reach reflects its robust international presence.

Nu Skin Enterprises encompasses several companies such as Nu Skin, Groviv, Wasatch Labs, Elevate Health Sciences, and Casepak. This diverse portfolio enables the company to offer a wide range of products and services, from consumer goods to advanced manufacturing and controlled environment agriculture technologies.

In recent developments, Nu Skin has shown a commitment to innovation and growth. In October 2023, the company announced the release of its third quarter financial results, revealing both challenges and growth opportunities. Despite economic hurdles, particularly in Mainland China and the Americas, Nu Skin experienced stabilization and growth in regions like Europe and Africa. The introduction of new products, such as the ageLOC® WellSpa iO™ and an upcoming mental wellness category in 2024, showcases the firm’s dedication to expanding its offerings and driving long-term success.

In November 2023, Nu Skin celebrated the opening of a new manufacturing facility in Shanghai, China, an investment of approximately $55 million. This facility exemplifies the company's commitment to enhancing production capacity and supply chain efficiency, particularly in Asian markets. The plant uses Industry 4.0 standards, featuring smart systems and real-time data analysis, further underlining Nu Skin’s focus on technological advancement and sustainability.

Additionally, in February 2024, Nu Skin introduced the RenuSpa iO, a smart device designed to promote skin health and body confidence. This FDA-cleared device embodies the latest in microcurrent technology, offering personalized beauty and wellness solutions. The Nu Skin Vera® app enhances the user experience by providing real-time data insights and guided tutorials.

Financial Overview: As of the latest updates, Nu Skin’s projected 2023 revenue is between $1.92 and $1.96 billion, with an expected EPS of $(0.10) to $0.05 or adjusted EPS of $1.62 to $1.77, excluding significant charges. The company’s strategic initiatives, including cost management and product portfolio optimization, aim to drive future growth and profitability.

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Nu Skin Enterprises (NYSE: NUS) has announced it will release its second quarter 2024 financial results after the market closes on Thursday, Aug. 8. Following the release, the management team will hold a conference call at 5 p.m. ET to discuss the recent results and upcoming business initiatives. Investors can access the webcast and the financial information presented on the company's investor relations page at ir.nuskin.com. A replay of the webcast will be available until Thursday, Aug. 22.

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Nu Skin, a leader in beauty and wellness, has released its 2023 Social Impact and Sustainability Report, highlighting significant achievements in social and environmental initiatives. Key milestones include donating over $6.8 million globally, conducting 30,000 heart surgeries since 1999, and engaging over 4,000 volunteers in global service projects. The company has also purchased and donated 33 million meals to children in 12 countries through the Nourish the Children initiative. On sustainability, Nu Skin assessed and improved the environmental impact score of 100% of its products, reduced 52.5 tons of plastic and paper, and achieved RSPO sourcing for palm ingredients. Additionally, a new manufacturing facility in Shanghai enhances production capacity while conserving resources. The company received 20 awards for its efforts in sustainability and social impact.

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Nu Skin Enterprises Inc. (NYSE: NUS) reported first-quarter results in line with guidance, with revenue at $417.3 million, a 13.3% decrease YoY. The Rhyz business saw a 57.5% growth. Earnings per share were $(0.01), impacted by restructuring charges. Customer and affiliate numbers declined, but new product launches showed promise. Despite challenges, the company is focused on long-term growth and shareholder value.

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Nu Skin Enterprises, Inc. (NYSE: NUS) declared a quarterly cash dividend of $0.06 per share to be paid on June 12, 2024, to shareholders of record on May 31, 2024.

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Nu Skin Enterprises, Inc. (NUS) will release its first quarter 2024 results on May 8, followed by a conference call to discuss recent results and upcoming business initiatives.
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Nu Skin Enterprises introduces Nu Skin RenuSpa iO, a smart beauty and wellness device using adaptive microcurrent technology for skin stimulation. The device aims to restore, revitalize, and refresh the body, providing visible beauty benefits and comprehensive wellness benefits. The FDA-cleared device makes real-time adjustments, offering personalized at-home experiences. Clinical testing showed improvements in skin depuffing, toning, and sculpting. RenuSpa iO is available in the U.S. for $375.
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Nu Skin Enterprises Inc. (NYSE: NUS) announces Q4 2023 results slightly above guidance, with revenue at $488.6 million and EPS at $0.15. The company plans to focus on Rhyz growth, new market expansion, and digital affiliate platform. Q1 and FY 2024 outlook projects revenue decline and negative EPS due to macroeconomic challenges.
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Nu Skin Enterprises Inc. (NYSE: NUS) announced Q4 preliminary revenue slightly above guidance, driven by the launch of ageLOC WellSpa iO, seasonal promotions in China, and continued performance of Rhyz. President and CEO Ryan Napierski and CFO James D. Thomas will present at the ICR Conference on Jan. 9, with full financial results to be announced on Feb. 14.
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Nu Skin Enterprises, Inc. (NYSE: NUS) has announced the opening of a new $55 million manufacturing facility in Shanghai, China. The facility, developed with Industry 4.0 standards in mind, quadruples the production capacity for Nu Skin in China and other Asian markets. The 440,000 square feet facility was designed to conserve energy and reduce water consumption, representing a significant commitment to China as a key R&D and manufacturing center for the company.
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Nu Skin Enterprises Inc. (NYSE: NUS) reported third quarter 2023 results with revenue of $498.8 million, a decrease of 7% compared to the prior-year quarter. The company's earnings per share (EPS) were $(0.74), or $0.56 excluding an inventory write-off. Nu Skin experienced challenges in key markets, including Mainland China and the Americas, due to macro-economic factors and a strong U.S. dollar. However, the company saw modest growth in three reporting segments, including double-digit gains in Europe/Africa. Nu Skin is re-evaluating aspects of its business, such as its product portfolio and operational footprint, to drive long-term success. The company also announced the introduction of a new mental wellness category in 2024. Nu Skin's Q4 2023 revenue is projected to be $440 to $480 million, with an expected EPS of $(0.14) to $0.01 or $0.15 to $0.30 non-GAAP.
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FAQ

What does Nu Skin Enterprises, Inc. do?

Nu Skin Enterprises, Inc. is a global health and beauty company that develops and distributes personal care and nutritional products under the Nu Skin and Pharmanex brands. It operates in over 50 countries.

When was Nu Skin Enterprises, Inc. founded?

Nu Skin Enterprises, Inc. was founded 35 years ago.

What is the ticker symbol for Nu Skin Enterprises, Inc.?

The ticker symbol for Nu Skin Enterprises, Inc. is NUS, traded on the New York Stock Exchange.

What were the recent financial results for Nu Skin Enterprises, Inc.?

Nu Skin reported softer-than-expected third quarter 2023 results due to macro-economic challenges, with a projected annual revenue of $1.92 to $1.96 billion and an EPS of $(0.10) to $0.05 or adjusted EPS of $1.62 to $1.77.

What is the ageLOC® WellSpa iO™?

The ageLOC® WellSpa iO™ is a smart device system by Nu Skin designed to promote holistic wellness and beauty. It represents one of the company’s latest innovations in personal care.

What is the significance of the new manufacturing facility in China for Nu Skin?

The new facility in Shanghai, China, represents a $55 million investment to increase production capacity and supply chain responsiveness in Asian markets. It uses Industry 4.0 standards for enhanced efficiency.

What is RenuSpa iO?

RenuSpa iO is a smart beauty and wellness device introduced by Nu Skin. It uses adaptive microcurrent technology to improve skin health and body confidence through personalized treatments.

Who are the members of the Nu Skin Enterprises family?

The Nu Skin Enterprises family includes Nu Skin, Groviv, Wasatch Labs, Elevate Health Sciences, and Casepak.

How does Nu Skin contribute to sustainability?

Nu Skin focuses on sustainable solutions in its operations, including the use of controlled environment agriculture technology and green building standards in its new manufacturing facilities.

What is the Nu Skin Vera® app?

The Nu Skin Vera® app pairs with Nu Skin devices to provide users with live data insights, guided tutorials, and a library of routines for an enhanced, personalized beauty and wellness experience.

Nu Skin Enterprises, Inc.

NYSE:NUS

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4.44%
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