Nu Skin Enter Stock Price, News & Analysis

Nu Skin Enterprises (NYSE: NUS) announced the resignation of CFO Mark Lawrence, effective March 31, 2023, to pursue other opportunities. Lawrence will continue as a senior advisor until April 2023 to ensure a smooth transition. The board has appointed James D. Thomas, previously the chief accounting officer, as interim CFO while searching for a permanent replacement. The company reaffirmed its first-quarter and annual guidance for 2023, initially provided on February 15, 2023. Nu Skin will release its Q1 results on May 3, 2023, followed by a conference call with investors.

Nu Skin Enterprises, Inc. (NYSE: NUS) reported Q4 2022 revenue of $522.3 million, down 22% year-over-year, impacted by foreign exchange (FX) losses of $51 million. EPS for the quarter was $1.15, improving from a loss of $(0.18) in Q4 2021. For FY 2022, revenue totaled $2.23 billion, down 17%. Looking ahead, Q1 2023 revenue is projected between $450 to $490 million, a decline of 26% to 19%. Annual revenue guidance for 2023 ranges from $2.03 billion to $2.18 billion. The company anticipates ongoing macroeconomic challenges but remains optimistic about its long-term strategy and growth prospects.

Nu Skin Enterprises (NYSE: NUS) announced a quarterly cash dividend increase to $0.39 per share, payable on March 8, 2023, to shareholders recorded by February 27, 2023. This increase marks the 22nd consecutive year of dividend growth, showcasing the company's commitment to returning value to shareholders. Chief Financial Officer Mark Lawrence emphasized the company's strong financial position and its confidence in its long-term direction.

Nu Skin Enterprises, Inc. (NYSE: NUS) announced it has provided 800 million meals to malnourished children globally through its Nourish the Children initiative since 2002. The initiative enables purchases of VitaMeal, a nutrient-rich food, which is then donated to those in need via third-party charities. The success of this program, highlighted by the company’s executive chairman Steven J. Lund, reflects its significant social impact. Nu Skin continues its commitment to address childhood hunger while promoting its health and wellness products.

Nu Skin Enterprises, Inc. (NYSE: NUS) will announce its fourth quarter and full year 2022 financial results on February 15, 2023, after market closure. A conference call with management for investors will follow at 5 p.m. ET on the same day, discussing recent results and future business initiatives. The recorded webcast of this call will be accessible through the company's investor relations page until March 1, 2023.