Why Nu Skin Enterprises Stock Plunged Today

Core Insights - Nu Skin's shares fell 20.7% due to weak forward guidance despite a better-than-expected quarterly update [1] Financial Performance - For Q4 2023, Nu Skin's revenue decreased by 6% year-over-year to $488.6 million, with adjusted earnings of$0.37 per share, surpassing analyst expectations of $0.28 per share on revenue of$477.8 million [2] - The company faced challenges from macroeconomic pressures and ongoing business transformation efforts [2] Future Outlook - For full-year 2024, Nu Skin provided guidance of revenue between $1.73 billion and$1.87 billion, representing a decline of 12% to 5% from 2023, with adjusted earnings per share projected between $0.95 and$1.35 [3] - These projections are significantly below Wall Street's estimates of $2.05 per share on revenue of$2.01 billion for 2024 [3] - The ongoing restructuring may position Nu Skin for future growth, but current market sentiment is negative, reflected in the stock hovering near its 52-week low [3]