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PROVO, Utah, July 10, 2023 (GLOBE NEWSWIRE) -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced it will release second quarter 2023 results after the market closes on Tuesday, Aug. 1. The Nu Skin management team will host a conference call with the investment community later that same day at 5 p.m. ET. During the call, management will discuss recent results and upcoming business initiatives.
Demand is currently weak due to lower consumer purchasing power as a consequence of inflation. Strong inflationary pressures are also negatively impacting profit margins, which remain depressed. The company has recently launched three new products, including the Beauty Focus Collagen+ skin care supplement, the ageLOC Meta nutritional supplement, and ageLOC LumiSpa iO.
Nu Skin's (NUS) first-quarter 2023 results reflect difficult year-over-year comparisons and macroeconomic hurdles. However, a focus on the Nu Vision 2025 strategy has been working well.
Nu Skin Enterprises (NUS) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.76 per share a year ago.
Nu Skin's (NUS) first-quarter performance is likely to reflect macro headwinds like prolonged COVID-related disruptions, unfavorable currency rates and global inflation.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Nu Skin (NUS) benefits from its product launches and Nu Vision 2025 strategy amid challenges like cost inflation and currency volatility.
This isn't your grandmother's environment for growing an MLM company. How long can Net Margins be sustained with declining Gross Margins and Operating Margins?
Nu Skin (NUS) bears the brunt of COVID-related disruptions, unfavorable currency movements and global inflation.