Nu Skin Enterprises Announces Q4 Preliminary Revenue at High End of Guidance

Rhea-AI Summary

Nu Skin Enterprises (NYSE: NUS) has announced that its Q4 2024 preliminary revenue is at the high end of the company's guidance range. This announcement comes ahead of its presentation at the ICR Conference on Jan. 14, where President and CEO Ryan Napierski, along with CFO James Thomas, will discuss the company's strategy and performance, including the recent strategic acquisition of Mavely for $250 million. The presentation will be webcast live at 3 p.m. ET on the company's investor relations page, with an archive available through Jan. 28.

Nu Skin will release its full Q4 and full year 2024 financial results after market close on Feb. 13. Following the release, the management team will host a conference call at 5 p.m. ET, which will also be webcast live on the investor relations page. A replay will be accessible through Feb. 27.

Positive

• Q4 2024 preliminary revenue is at the high end of guidance.
• Strategic acquisition of Mavely for $250 million.

Negative

• None.

Insights

Financial Analyst

The preliminary Q4 revenue announcement at the high end of guidance, coupled with the $250 million Mavely acquisition, represents significant financial developments for Nu Skin. The high-end revenue performance suggests resilient business execution despite challenging market conditions in the direct selling industry. The Mavely acquisition is particularly noteworthy as it represents approximately 80% of Nu Skin's current market cap, indicating a bold strategic move to potentially transform their business model. This substantial investment signals a strategic pivot that could reshape Nu Skin's market positioning and digital capabilities. The timing of this announcement ahead of the ICR Conference appears calculated to demonstrate momentum to investors. However, investors should await the full financial results on February 13th to assess the complete picture, including margins, cash flow impacts and integration plans for Mavely.

Market Research Analyst

The Mavely acquisition marks a pivotal shift in Nu Skin's digital transformation strategy. Mavely's social commerce platform could significantly modernize Nu Skin's traditional direct selling model, potentially opening new revenue streams and younger demographic markets. This strategic move aligns with broader industry trends where traditional direct selling companies are rapidly adopting digital-first approaches to remain competitive. The high-end revenue guidance achievement suggests the company's existing transformation initiatives are gaining traction. However, the substantial size of the Mavely deal relative to Nu Skin's market cap indicates this is a high-stakes bet on digital evolution. The upcoming ICR Conference presentation will be important for understanding how management plans to leverage this acquisition to accelerate growth and defend market share in an increasingly digital-centric beauty and wellness market.

Company to discuss performance, strategy and opportunities at ICR Conference; full financial results to be announced Feb. 13

PROVO, Utah--(BUSINESS WIRE)-- Nu Skin Enterprises Inc. (NYSE: NUS) today announced Q4 2024 preliminary revenue at the high end of the company’s guidance range ahead of its presentation at the ICR Conference on Tuesday, Jan. 14. President and CEO Ryan Napierski and CFO James Thomas will participate in a moderated fireside chat to discuss company strategy and the state of the business, including the recent strategic transaction of Mavely for $250 million.

The company's presentation will be webcast live beginning at 3 p.m. ET. Those wishing to access the event can visit the Nu Skin investor relations page at ir.nuskin.com. The archive of the webcast will be available at this same location through Tuesday, Jan. 28.

The company will release fourth quarter and full year 2024 results after the market closes on Thursday, Feb. 13. The Nu Skin management team will host a conference call with the investment community later that same day at 5 p.m. ET. The webcast of the conference call, including the financial information presented, will be available on the company’s investor relations page at ir.nuskin.com. A replay of the webcast will be available at the same location through Thursday, Feb. 27.

About Nu Skin Enterprises Inc.

The Nu Skin Enterprises Inc. (NYSE: NUS) family of companies includes Nu Skin and Rhyz Inc. Nu Skin is an integrated beauty and wellness company, powered by a dynamic affiliate opportunity platform, which operates in nearly 50 markets worldwide. Backed by 40 years of scientific research, the company’s products help people look, feel and live their best with brands including Nu Skin® personal care, Pharmanex® nutrition and ageLOC® anti-aging, which includes an award-winning line of beauty device systems. Formed in 2018, Rhyz is a synergistic ecosystem of consumer, technology and manufacturing companies focused on innovation within the beauty, wellness and lifestyle categories.

Important Information Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that represent the company's current expectations and beliefs. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws and include statements of management's expectations regarding the company's fourth-quarter revenue. The forward-looking statements involve risks and uncertainties that could cause actual results and outcomes to differ materially from the forward-looking statements expressed herein, including completion of the Company's closing and audit procedures, which may necessitate material adjustments to the preliminary revenue estimate, and other risks and uncertainties that are set forth in the documents the Company has filed with the Securities and Exchange Commission. The forward-looking statements set forth the Company's beliefs as of the date that such information was first provided, and the Company assumes no duty to update the forward-looking statements contained in this report to reflect any change except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250113921582/en/

Media: media@nuskin.com, (801) 345-6397

Investors: investorrelations@nuskin.com, (801) 345-3577

Source: Nu Skin Enterprises Inc.

FAQ

What is the preliminary revenue for Nu Skin (NUS) in Q4 2024?

The preliminary revenue for Nu Skin (NUS) in Q4 2024 is at the high end of the company's guidance range.

When will Nu Skin (NUS) release its Q4 and full year 2024 financial results?

Nu Skin (NUS) will release its Q4 and full year 2024 financial results after market close on Feb. 13, 2024.

What significant transaction did Nu Skin (NUS) recently complete?

Nu Skin (NUS) recently completed a strategic transaction by acquiring Mavely for $250 million.

When and where can I watch the Nu Skin (NUS) presentation at the ICR Conference?

The Nu Skin (NUS) presentation at the ICR Conference will be webcast live on Jan. 14, 2024, at 3 p.m. ET on the company's investor relations page.

How long will the replay of the Nu Skin (NUS) ICR Conference presentation be available?

The replay of the Nu Skin (NUS) ICR Conference presentation will be available through Jan. 28, 2024.

When is the Nu Skin (NUS) conference call to discuss Q4 and full year 2024 financial results?

The Nu Skin (NUS) conference call to discuss Q4 and full year 2024 financial results will be held on Feb. 13, 2024, at 5 p.m. ET.