Strong Performance in Latin America
Latin America showed exceptional growth with a 53% year-over-year increase, highlighting the success of Nu Skin's emerging market strategy.
Sequential Growth in European and Asian Markets
Achieved sequential growth in Europe and Africa, South Korea, Southeast Asia Pacific, Hong Kong, and Taiwan, showing recovery and positive trends in these regions.
Launch of Prysm iO
Introduction of the Prysm iO wellness platform, with plans to place over 10,000 units in Q4, signaling a significant growth driver.
Improved Gross Margin
Gross margin improved to 70.5%, marking the fifth consecutive quarter of improvement, which was attributed to strategic portfolio optimization and product mix improvements.
Strong Financial Position
Closed the quarter with $252 million in cash, reduced total debt by $20 million, and maintained a positive net cash position.