Nu Skin Enterprises, Inc. (NYSE:NUS) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET
Company Participants
Scott Pond – Vice President-Investor Relations
Ryan Napierski – President and Chief Executive Officer
Connie Tang – Chief Global Growth Officer
Mark Lawrence – Chief Financial Officer
Conference Call Participants
Steph Wissink – Jefferies
Doug Lane – Lane Research
Mark Astrachan – Stifel
Linda Bolton Weiser – D.A. Davidson
Operator
Good day, and welcome to the First Quarter 2022 Nu Skin Enterprises Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Scott Pond, Vice President of IR. Please go ahead.
Scott Pond
Thanks Betty, and good afternoon, everyone. Today on the call with me are Ryan Napierski, President and CEO; Connie Tang, Chief Global Growth Officer; 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. Thanks for joining the call today. We remain acutely focused on Nu Vision 2025 and our strategic transformation that we laid out with each of you at our Investor Day in February. This evolution of our business is vital to our long-term success as we lean into the rapidly evolving commercial landscape, and we take advantage of emerging market trends such as product personalization, social commerce in the gig economy in order to rejuvenate sustained growth in the coming years.
All in spite of these near-term disruptions we're seeing in the market. For the first quarter, we were pleased to report strong results, including revenue of $604.9 million, which exceeded the high end of our prior guidance by approximately $15 million. First quarter earnings per share also came in slightly above our prior guidance at $0.76 due in large part to the revenue beat. Our outperformance was driven by solid gains in the U.S., Taiwan and Southeast Asia and continued effective product rollouts including ageLOC Meta and Beauty Focus Collagen+, which both performed well in the quarter.