Nu Skin Enterprises, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 06:17 am EDT
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Nu Skin Enterprises, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 498.77 million compared to USD 537.81 million a year ago. Net loss was USD 36.96 million compared to USD 25.39 million a year ago. Basic loss per share from continuing operations was USD 0.74 compared to USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.74 compared to USD 0.51 a year ago.
For the nine months, sales was USD 1,480.49 million compared to USD 1,703.32 million a year ago. Net income was USD 1.31 million compared to USD 47.56 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.95 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.94 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.
NU SKIN ENTERPRISES, INC. 
