Nu Skin Enterprises, Inc. (NYSE:NUS) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET

Company Participants

Scott Pond - Vice President of Investor Relations

Ryan Napierski - President & Chief Executive Officer

Mark Lawrence - Chief Financial Officer

Conference Call Participants

Stephanie Wissink - Jefferies

Operator

Good day and thank you for standing by. Welcome to the Nu Skin Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would like now to hand the conference over to Scott Pond.

Scott Pond

Thanks, Cory, and good afternoon, everyone. Today on the call with me are Ryan Napierski, President and CEO; and Mark Lawrence, CFO.

On today's call, comments will be made that includes some forward-looking statements. These statements involve risks and uncertainties and actual results may differ materially from those discussed or anticipated. Please refer to today's earnings release and our SEC filings for a complete discussion of these risks.

Also, during the call, certain financial numbers may be discussed that differ from comparable numbers obtained in our financial statements. We believe these non-GAAP financial numbers assist in comparing period-to-period results in a more consistent manner. Please refer to our investor website for any required reconciliation of non-GAAP numbers.

And with that, I'll turn the call over to Ryan.

Ryan Napierski

Hey, thanks Scott. Good afternoon, everybody, and thanks for joining us on today's call. As we've discussed with you over the past few quarters, we are actively engaged in Nu Vision 2025 and our multi-year transformation to becoming the world's leading integrated beauty and wellness company that's powered by our dynamic affiliate opportunity platform.

We're making progress on our vision despite ongoing macro challenges that are causing near-term disruptions in several regions, including the extended lockdowns in Mainland China, ongoing distractions in EMEA and the economic uncertainties, particularly in emerging markets like Latin America.

While second quarter revenue was lower than planned due to these headwinds, we delivered non-GAAP EPS within our previous guidance range, reflecting the agility of our model and the entire team to adapt quickly to environmental challenges.

In addition, we delivered our ninth consecutive quarter of growth in the US, driven by our recent product launches and broader adoption of social commerce, which bodes well for our future growth aspirations in this market and our other regions.