Nu Skin Enterprises, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 08, 2024 at 04:06 pm EDT
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Nu Skin Enterprises, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 417.31 million compared to USD 481.46 million a year ago. Net loss was USD 0.533 million compared to net income of USD 11.38 million a year ago.
Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.23 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.