Nu Skin Enter - NUS STOCK NEWS

A new study by Mavely reveals that 28% of consumers have purchased a gift based on influencer recommendations in the past year, with this number rising to 52% for Gen Z and 36% for Millennials. The study, which surveyed over 1,000 U.S. consumers, found that 34% of respondents are likely to trust gift recommendations from local or micro-influencers, increasing to 58% for Gen Z.

Key findings include:

• 54% plan to do holiday shopping both online and in-person
• 56% of consumers say a percentage of their holiday gifts are items promoted by online influencers
• 36% of consumers need to see a product promoted 2-3 times before considering a purchase
• Gen Z requires the most touchpoints, with 23% needing 4-5 promotions before considering a purchase

The study highlights the growing importance of influencer marketing, especially for younger generations, in holiday shopping decisions.

Nu Skin Enterprises (NYSE: NUS) has appointed Mark A. Zorko to its board of directors and as a member of its audit committee and nominating and corporate governance committee. Zorko, a principal with Brentwood Advisory Group, brings over 20 years of board-level experience and extensive C-level leadership in global public companies. His background includes CFO roles at Steel Excel and DGT Holdings, and an interim CEO position at Well Services Zorko holds an MBA in IT from the University of Minnesota and a bachelor's degree in accounting from Ohio State University. He is a certified public accountant with NACD Director Certified and CERT cybersecurity credentials.

Mavely, the Everyday Influencer Platform, has achieved significant milestones in the first half of 2024. The company has reached a GMV run rate of over $675 million, marking a 175% growth from the previous year. Additionally, Mavely has paid out over $37 million in commissions and other earnings to creators, with $16 million disbursed in 2024 alone. The platform has also added over 250 new brands this year, bringing its total to more than 1,250 brand partners, including names like ELEMIS, Etsy, and Samsung.

Mavely has facilitated over 5.6 million influencer-driven purchases and onboarded 35,000 new creators in 2024. The company received the Rakuten Advertising 2024 Golden Link Award and the Chicago Innovation Awards for its contributions to influencer marketing. CEO Evan Wray attributes this success to the dedication of creators, the Mavely team, and trusted brand partners. Mavely continues to focus on community-building through initiatives like regional Mavely Meetups and aims to set new industry standards while supporting creators and brand partners.

Nu Skin Enterprises (NYSE: NUS) announced its Q2 2024 results, showing revenue of $439.1 million, a 12.2% decrease year-over-year, including a 4.2% FX impact.

The Rhyz division reported 32.3% growth to $67.8 million. Adjusted EPS was $0.21, excluding restructuring and impairment charges, down from $0.54 last year. Nu Skin reported a loss of $(2.38) per share when including these charges. The company experienced a decrease in customers and paid affiliates by 14% and 17%, respectively.

For Q3 2024, expected revenue is $430 to $465 million with EPS at $0.08 to $0.18. Full-year 2024 guidance projects revenue between $1.73 to $1.81 billion and EPS of $(2.01) to $(1.81).

Nu Skin is focusing on cost-saving initiatives, market expansion, and the launch of new platforms and products to navigate the current economic environment.

Nu Skin Enterprises (NYSE: NUS) has announced a quarterly cash dividend of $0.06 per share. This dividend will be paid on Sept. 11, 2024 to shareholders of record as of Aug. 30, 2024.

Nu Skin Enterprises Inc. (NYSE: NUS) has been ranked the world's #1 company for beauty and wellness device systems by Euromonitor International The company's portfolio includes award-winning devices such as ageLOC LumiSpa iO, Nu Skin RenuSpa iO, and ageLOC WellSpa iO. These devices offer personalized beauty and wellness solutions, featuring advanced technologies like micropulse oscillation and adaptive microcurrent. Nu Skin's products have received numerous global awards, recognizing their innovation in the rapidly growing at-home beauty and wellness device market. The company's focus on connected devices and scientifically developed serums aims to provide users with faster and more effective results.

Nu Skin Enterprises, Inc. (NYSE: NUS) has set a new GUINNESS WORLD RECORDS™ title for the Most People Packing Meal Kits in 24 Hours. The event, held at the Salt Palace Convention Center in Salt Lake City, saw 2,196 participants pack over 550,000 meals for children in need across the United States. This record-breaking service project was part of Nu Skin's 40th anniversary celebration and coincided with their Nu Skin L!VE West sales leader conference.

The company collaborated with organizations like MTN OPS, Utah Jazz, Hunger Fight, Swire Coca-Cola, and Ashbury Automotive Group for this initiative. The packed meals will be distributed by Convoy of Hope and the Utah Food Bank. Nu Skin also highlighted various global service projects conducted in different markets as part of their annual Force for Good Day, demonstrating their commitment to community service and social responsibility.

Nu Skin Enterprises, Inc. (NYSE: NUS) has reached a significant milestone in its fight against child malnutrition through its Nourish the Children initiative. The company has provided 850 million meals for children since 2002, feeding thousands of malnourished children daily in over 65 countries. This achievement is made possible by Nu Skin sales leaders, customers, and employees who purchase and donate bags of VitaMeal, a nutrient-dense food distributed by third-party charity partners.

Ryan Napierski, president and CEO of Nu Skin, expressed humility and pride in the initiative's sustained impact over the past 20 years. He emphasized that this accomplishment is a testament to the collective efforts of the company's sales force, customers, and employees in making a significant difference in the lives of malnourished children worldwide.

Nu Skin Enterprises (NYSE: NUS) has announced it will release its second quarter 2024 financial results after the market closes on Thursday, Aug. 8. Following the release, the management team will hold a conference call at 5 p.m. ET to discuss the recent results and upcoming business initiatives. Investors can access the webcast and the financial information presented on the company's investor relations page at ir.nuskin.com. A replay of the webcast will be available until Thursday, Aug. 22.