Nu Skin Enterprises, Inc. reports developments tied to its beauty and wellness business, affiliate opportunity platform and international market operations. Company updates commonly cover quarterly revenue and earnings, customer, paid affiliate and sales leader trends, dividend declarations, cost discipline and product commercialization across Nu Skin personal care, Pharmanex nutrition and ageLOC anti-aging brands.
Recurring news also includes the rollout of Prysm iO, an intelligent wellness platform that uses skin scans to provide antioxidant-related insights, and activity at Rhyz, the company’s strategic investment arm for consumer, technology and manufacturing businesses in beauty, wellness and lifestyle categories. Leadership appointments and operating-structure changes are also part of the company’s public updates.
Nu Skin Enterprises (NYSE: NUS) has been awarded two Communitas Awards for its excellence in community service, corporate social responsibility, and environmental responsibility. Recognized for its initiatives to combat malnutrition and promote wellness for children, Nu Skin's efforts also focus on reducing its carbon footprint and expanding sustainability commitments through 2030. Chief Reputation Officer Ruth Todd emphasized the company’s dedication to enhancing its community service and environmental impact in the future.
Nu Skin Enterprises (NYSE: NUS) announced a donation of nearly $100,000 to MCE Social Capital as part of International Women's Day. The funds will support women entrepreneurs in developing countries through microloans. Since 2006, MCE has impacted over 9 million people, with 73% being women. The donation results from previous sales of the ageLOC LumiSpa device. With a focus on sustainability, this initiative aligns with Nu Skin’s mission to empower individuals and promote economic opportunities for underserved communities.
Nu Skin Enterprises reported a Q4 2021 revenue of $673.4 million, down 10% year-over-year, with an EPS of $(0.18). Annual revenue for 2021 was $2.70 billion, a 4% increase, but EPS dropped 21% to $2.86. The company projected Q1 2022 revenue between $560 million and $590 million, reflecting a 13% to 17% decline. Despite challenges in Asian markets, U.S. growth reached 32% for 2021. Looking ahead, Nu Skin aims for a revenue range of $2.66 billion to $2.77 billion for 2022, with a focus on technology investment to support affiliates.
Nu Skin Enterprises (NYSE: NUS) has announced a quarterly cash dividend increase to $0.385 per share, effective March 9, 2022, for shareholders on record by February 28, 2022. This marks the 21st consecutive year of dividend increases, reflecting the company's strong financial position and confidence in long-term earnings, according to CFO Mark Lawrence. Nu Skin's commitment also includes sustainability initiatives, aiming for reduced packaging by 2030, and it operates in about 50 markets worldwide, offering innovative beauty and wellness products.
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Nu Skin Enterprises (NYSE: NUS) has announced that its investor day will take place virtually on February 16, 2022, at 10 a.m. MST, due to COVID-related safety protocols. CEO Ryan Napierski and the management team will discuss the fourth quarter and 2021 results, along with guidance for 2022. The event will highlight the company's strategies in personalized beauty and wellness products and social commerce. Results for Q4 and the full year will be released prior to the market opening on the same day.
Nu Skin Enterprises (NYSE: NUS) will hold an investor day on February 16, 2022, at 10 a.m. MST in Provo, Utah, with options for online participation. The event will feature company leadership, including President and CEO Ryan Napierski, discussing fourth quarter and full-year 2021 results, as well as 2022 financial guidance. Attendees will gain insights into Nu Skin's strategy for personalized beauty and wellness products, its social commerce model, and updates on its digital ecosystem. A replay will be available post-event until March 2, 2022.
Nu Skin's ageLOC LumiSpa has been awarded Product of the Year at the 2021 BIG Awards for Business, recognizing its superior cleansing capabilities that have positively impacted consumers. The device remains a top-seller, cementing Nu Skin's status as a leader in the at-home beauty device market for four consecutive years. This accolade adds to over 30 international awards received by ageLOC LumiSpa, underscoring its effectiveness and innovative design.
Nu Skin Enterprises (NYSE: NUS) announced a milestone of supplying 750 million meals to malnourished children globally through its Nourish the Children initiative since 2002. The initiative delivers VitaMeal, a nutrient-rich food, to kids in over 50 countries, highlighting the company’s commitment to combat childhood hunger. Nu Skin aims to provide one billion meals, reflecting ongoing efforts to address malnutrition.
Nu Skin Enterprises (NYSE: NUS) announced its acquisition of Mavely, a social commerce platform that enhances customer acquisition and social selling. This strategic move aims to empower Nu Skin affiliates to better share and sell products, tapping into the expected $3.4 trillion social commerce market by 2028. The integration of Mavely's technology is anticipated to boost Nu Skin's growth, offering innovative digital tools for a more effective shopping experience. Mavely will operate under Rhyz, Nu Skin's investment arm, continuing its mission in empowering social sellers.