NUS - Nu Skin Enterprises CFO to step down co reiterates Q1 & FY 2023 guidance

2023-03-30 17:22:27 ET

• Nu Skin Enterprises ( NYSE: NUS ) on Thursday said its CFO Mark Lawrence would resign, effective March 31.
• The company's board appointed senior VP and chief accounting officer James Thomas as interim CFO.
• "After six years at the company, Lawrence has elected to pursue an outside opportunity but will remain as a senior advisor through April 2023 to support a smooth transition," NUS said in a statement .
• Furthermore, NUS reiterated its previously provided Q1 2023 guidance for revenue of $450M to $490M and adj. EPS of $0.25 to $0.35. The consensus revenue estimate is $476.05M and the EPS estimate is $0.33.
• NUS also reiterated its previously provided 2023 guidance for revenue of $2.03B to $2.18B and adj. EPS of $2.35 to $2.75. The consensus revenue estimate is $2.09B and the EPS estimate is $2.55.
• The company will release its Q1 results on May 3.
• NUS stock was down 1.9% to $38.44 after hours.

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