Nu Skin Enterprises reported third quarter 2024 revenue of $430.1 million, marking a 14% decrease from the prior-year period. The company's diluted earnings per share (EPS) for the quarter was $0.17, which was below analyst consensus estimates.
Key operational metrics also showed declines, with Customers, Paid Affiliates, and Sales Leaders all decreasing year-over-year. The company provided guidance for the fourth quarter 2024, projecting revenue of $427.5 million, which also fell short of analyst expectations.
These results indicate ongoing macroeconomic pressures and challenges within the direct selling industry, impacting Nu Skin's core business performance. The lower-than-expected revenue and EPS, coupled with conservative guidance, reflect a difficult operating environment for the company.
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