Nu Skin Cuts Q3 Revenue Outlook As Delta Variant Disrupts Sales

Nu Skin Cuts Q3 Revenue Outlook As Delta Variant Disrupts Sales
  • Nu Skin Enterprises Inc NUS expects third-quarter revenue of $637 million -$642 million (consensus $710.11 million), down from the previous guidance of $700 million - $730 million.
  • Nu Skin noted unanticipated government restrictions had impacted its ability to sell and distribute products, with the largest impact in Mainland China and Southeast Asia.
  • "Our third-quarter revenue was softer than anticipated as the delta variant created unexpected disruptions in many of our markets," said CEO Ryan Napierski.
  • The company will release full third-quarter results and provide updated guidance after the market closes on November 3, 2021.
  • Nu Skin anticipates annual 2021 revenue to be up modestly year over year.
  • Price Action: NUS shares are trading lower by 4.05% at $49.8 in premarket on the last check Monday.

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