Strong Performance in Rhyz Segments
Rhyz segments exceeded forecast and closed another record quarter, up more than 20% year-over-year, led by Mavely.
Operational Efficiency Efforts
Nu Skin is on track to reach the upper end of the cost efficiency savings targets of $45 million to $65 million, with a focus on reducing SKUs and optimizing expenses.
Mavely's Growth and Potential
Mavely, Nu Skin's affiliate marketing platform, continues to expand, enabling 1,200 brands to connect with consumers through 100,000 influencers.
Positive Cash Flow and Debt Reduction
Nu Skin generated $31.4 million in operating cash flow and reduced outstanding debt by $25 million in Q3.