Shares of Nu Skin Enterprises, Inc. (NUS - Free Report) declined 4.1% during the after-market trading session on Jul 7. The stock came under pressure after this beauty and wellness company cautioned that second-quarter 2022 sales would be softer than expected, citing reasons such as extended pandemic-related factors in Mainland China, the ongoing Ukraine war, and other macro-economic headwinds.
This Provo, UT-based company now estimates second-quarter revenues in the bracket of $557 million to $562 million, down from the prior projection of $590 million to $620 million. The current forecast also showcases a sharp decline from revenues of $704.1 million in the year-ago period.
Ryan Napierski, Nu Skin president and CEO said, “Our second quarter revenue was softer than expected due to extended COVID-related factors in Mainland China, distractions in EMEA related to the ongoing conflict in Russia and Ukraine, and the general global economic downturn that is particularly challenging for developing regions like Latin America.”
Clearly, Nu Skin Enterprises has been bearing the brunt of global uncertainties. A sneak peek into the first-quarter results unveils that revenues fell 11% year over year. Sales leaders were down 22% to 52,462, while the customer base dropped 13% to 1,321,451.
Despite headwinds, Nu Skin Enterprises remains encouraged by growth in the Southeast Asia region and the ongoing momentum in the United States. The company believes that its personalized beauty and wellness strategy, EmpowerMe, should support sequential improvements in the back half of the year.
Nu Skin Enterprises also remains committed to expanding its social commerce business model and enhancing the digital platform to better connect with customers. The company is optimistic about its Nu Vision 2025 strategy to become the world’s leading integrated beauty and wellness company.
Shares of this Zacks Rank #3 (Hold) company have dropped 18.2% in the past six months compared with the industry’s decline of 26%.
3 Solid Staple Stocks
Some better-ranked stocks are Sysco Corporation (SYY - Free Report) , Ulta Beauty (ULTA - Free Report) and Boot Barn Holdings (BOOT - Free Report)
Sysco, which engages in marketing and distributing various food and related products, sports a Zacks Rank #1 (Strong Buy). Sysco has a trailing four-quarter earnings surprise of 9.1%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for SYY’s current financial-year sales and EPS suggests growth of 32.5% and 124.3%, respectively, from the year-ago reported number. SYY has an expected EPS growth rate of 11% for three-five years.
Ulta Beauty, which operates as a retailer of beauty products, has a Zacks Rank #1. Ulta Beauty has a trailing four-quarter earnings surprise of 49.8%, on average. ULTA has an expected EPS growth rate of 10.7% for three-five years.
The Zacks Consensus Estimate for Ulta Beauty’s current financial-year sales suggests growth of almost 10.3% from the year-ago reported number.
Boot Barn Holdings, a lifestyle retailer of western and work-related footwear, apparel and accessories, carries a Zacks Rank #1. BOOT has an expected EPS growth rate of 20% for three-five years.
The Zacks Consensus Estimate for Boot Barn Holdings’ current financial year sales and EPS suggests growth of 17% and 4.4%, respectively, from the year-ago period.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Shares of Nu Skin Enterprises, Inc. (NUS - Free Report) declined 4.1% during the after-market trading session on Jul 7. The stock came under pressure after this beauty and wellness company cautioned that second-quarter 2022 sales would be softer than expected, citing reasons such as extended pandemic-related factors in Mainland China, the ongoing Ukraine war, and other macro-economic headwinds.
This Provo, UT-based company now estimates second-quarter revenues in the bracket of $557 million to $562 million, down from the prior projection of $590 million to $620 million. The current forecast also showcases a sharp decline from revenues of $704.1 million in the year-ago period.
Ryan Napierski, Nu Skin president and CEO said, “Our second quarter revenue was softer than expected due to extended COVID-related factors in Mainland China, distractions in EMEA related to the ongoing conflict in Russia and Ukraine, and the general global economic downturn that is particularly challenging for developing regions like Latin America.”
Clearly, Nu Skin Enterprises has been bearing the brunt of global uncertainties. A sneak peek into the first-quarter results unveils that revenues fell 11% year over year. Sales leaders were down 22% to 52,462, while the customer base dropped 13% to 1,321,451.
Despite headwinds, Nu Skin Enterprises remains encouraged by growth in the Southeast Asia region and the ongoing momentum in the United States. The company believes that its personalized beauty and wellness strategy, EmpowerMe, should support sequential improvements in the back half of the year.
Nu Skin Enterprises also remains committed to expanding its social commerce business model and enhancing the digital platform to better connect with customers. The company is optimistic about its Nu Vision 2025 strategy to become the world’s leading integrated beauty and wellness company.
Shares of this Zacks Rank #3 (Hold) company have dropped 18.2% in the past six months compared with the industry’s decline of 26%.
3 Solid Staple Stocks
Some better-ranked stocks are Sysco Corporation (SYY - Free Report) , Ulta Beauty (ULTA - Free Report) and Boot Barn Holdings (BOOT - Free Report)
Sysco, which engages in marketing and distributing various food and related products, sports a Zacks Rank #1 (Strong Buy). Sysco has a trailing four-quarter earnings surprise of 9.1%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for SYY’s current financial-year sales and EPS suggests growth of 32.5% and 124.3%, respectively, from the year-ago reported number. SYY has an expected EPS growth rate of 11% for three-five years.
Ulta Beauty, which operates as a retailer of beauty products, has a Zacks Rank #1. Ulta Beauty has a trailing four-quarter earnings surprise of 49.8%, on average. ULTA has an expected EPS growth rate of 10.7% for three-five years.
The Zacks Consensus Estimate for Ulta Beauty’s current financial-year sales suggests growth of almost 10.3% from the year-ago reported number.
Boot Barn Holdings, a lifestyle retailer of western and work-related footwear, apparel and accessories, carries a Zacks Rank #1. BOOT has an expected EPS growth rate of 20% for three-five years.
The Zacks Consensus Estimate for Boot Barn Holdings’ current financial year sales and EPS suggests growth of 17% and 4.4%, respectively, from the year-ago period.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on ULTA - FREE
Get the latest research report on BOOT - FREE
Get the latest research report on SYY - FREE
Get the latest research report on NUS - FREE