Revenue and Earnings Exceed Expectations
Nu Skin delivered revenue of $386.1 million, at the high end of its guidance range, and significantly exceeded its earnings per share forecast with $0.43, above the guidance range of $0.20 to $0.30, showcasing strong cost management and operational efficiency.
Latin America Market Success
Latin America demonstrated remarkable performance with more than 100% year-over-year growth in revenue, customers, and sales leaders, driven by a simplified and focused business model.
Project Accelerate and Margin Expansion
Project Accelerate led to an operating margin increase to 8%, driven by improvements in gross margin, selling expense alignment, and G&A cost reductions.
Positive Cash Flow and Debt Position
The company generated $35.8 million in cash flow from operations, achieving a net cash positive position for the first time in over four years, providing greater financial flexibility.
Rhyz Segment and Manufacturing Growth
Rhyz segments performed well, with manufacturing reporting a 17% year-over-year increase, contributing to speed to market for new products.
Innovation with Prysm iO
The introduction of Prysm iO, an intelligent wellness platform leveraging AI and a vast antioxidant database, is expected to bring personalized health insights and product recommendations to consumers.