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Nu Skin (NUS) is battling escalating macroeconomic pressures, which are hampering key markets of the core business. Unfavorable currency translations remain a major concern.
Nu Skin Enterprises, Inc. (NYSE:NUS ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Scott Pond – Vice President-Investor Relations Ryan Napierski – President and Chief Executive Officer James Thomas – Chief Financial Officer Conference Call Participants Tristen Chau – Stifel Doug Lane – Water Tower Research Operator Good day, ladies and gentlemen. Thank you for standing by.
Nu Skin (NUS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Nu Skin (NUS) is on track with its Nu Vision 2025 strategy. However, the company is operating amid macroeconomic hurdles.
PROVO, Utah , Oct. 3, 2023 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced it will release third quarter 2023 results after the market closes on Wednesday, Nov. 1. The Nu Skin management team will host a conference call with the investment community later that same day at 5 p.m.
Nu Skin (NUS) is witnessing continued macroeconomic hurdles and an inflationary environment. The company is also battling unfavorable currency movements.
Nu Skin Enterprises had been impacted by COVID-19 initially and tough macro-environment recently, leading to a decline in sales and lowered guidance for 2023. The company reported resilient Q2 earnings with sustained gross margins and in line EPS supported by strong growth in China. Despite the challenges, the valuation appears attractive at just 8.7x Fwd PE and a forward dividend yield of 6.7%.
Nu Skin's (NUS) margins have been contracting year over year for a while now. The company is also battling unfavorable currency headwinds.
Nu Skin (NUS) is battling continued macroeconomic hurdles and related price increases, affecting specific key markets, leading to a slowdown in consumer spending and customer acquisition.
Nu Skin (NUS) reports sequential improvements in Q2 results, driven by the Mainland China and Rhyz segments. However, macro-economic factors pose challenges in the key markets.