Revenue and Earnings at High End of Guidance
First quarter revenue reached $364.5 million at the high end of guidance, despite a 3% negative foreign currency impact. Adjusted earnings per share surpassed expectations at $0.23, a significant improvement from the previous year's $0.09.
Significant Growth in Latin America
The developing market strategy led to a 144% year-on-year growth in Latin America, contributing to improved profitability.
Debt Reduction and Strong Cash Position
The company reduced outstanding debt by $155 million, achieving the lowest debt level in over 10 years, and ended the quarter with $204 million in cash.
Introduction of Prysm iO
Nu Skin plans to launch Prysm iO, an intelligent wellness platform, leveraging AI and a large antioxidant database to enhance customer relationships and product recommendations.
Operational Efficiency Improvements
Operating margin improved to 6.4% from the previous year's 3.8%, with ongoing efforts to optimize expenses and enhance profitability.
Expansion into India
Nu Skin plans to enter the Indian market with locally manufactured products and a tailored sales compensation plan, targeting long-term growth opportunities.