Nu Skin announced first quarter revenue of $604.9 million in 2022. The company’s gross margin was 73.3%, slightly down from the previous year’s 74.8%. Operating margin was also slightly impacted, at 8.6%, down from 9.3% the previous year.
“Despite heightened global uncertainty and COVID-related obstacles, we are pleased with our first quarter results, which exceeded guidance,” said Ryan Napierski, Nu Skin President and CEO. “Demand remained strong for our most recent product introductions, ageLOC® Meta and Beauty Focus™ Collagen+, and the momentum from these product launches helped drive strong revenue growth in several markets including the U.S., Taiwan and Southeast Asia. Our business in Mainland China and several other markets was disrupted due to severe COVID-related lockdowns and other factors, and the conflict in Ukraine and Russia negatively impacted business throughout the EMEA region.”
Second quarter guidance now includes revenue of $590 million to $620 million and EPS between $0.75-$0.85. Full-year guidance expects revenue between $2.51 billion to $2.62 billion, with an EPS of $3.60-$3.90.
“As we look ahead to the remainder of the year, we are focused on the strategic imperatives that underpin Nu Vision 2025, including: EmpowerMe, our personalized beauty and wellness strategy with connected beauty device introductions beginning in the third quarter; expansion of our affiliate-powered social commerce business model; and the continued enhancement of our digital platform. While we anticipate near-term headwinds given the dynamic macro environment, we remain confident in the significant growth potential of our business, achieving our vision for the future and driving value for our shareholders.”