Nu Skin Enterprises, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:05 pm EST
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Nu Skin Enterprises, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 488.64 million compared to USD 522.34 million a year ago. Net income was USD 7.28 million compared to USD 57.22 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 1.16 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 1.15 a year ago.
For the full year, sales was USD 1,969.13 million compared to USD 2,225.66 million a year ago. Net income was USD 8.6 million compared to USD 104.78 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 2.1 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 2.07 a year ago.
Nu Skin Enterprises, Inc. is an integrated beauty and wellness company. The Company develops and distributes a comprehensive line of beauty and wellness solutions in approximately 50 markets worldwide. The Company has three brands, Nu Skin, a beauty brand; Pharmanex, a wellness brand; and ageLOC, an anti-aging brand. It develops and distributes products in two categories, beauty products and wellness products. The Company operates through seven segments: Mainland China; South Korea; Southeast Asia/Pacific, which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Australia, New Zealand and other markets; Americas, which includes Canada, Latin America and the United States; Japan; Hong Kong/Taiwan, which also includes Macau; and Europe, Middle East and Africa, which includes markets in Europe, as well as Israel and South Africa. The Companyâs Rhyz strategic investment arm also includes two additional segments: Manufacturing and Rhyz other.