NU SKIN ENTERPRISES INC
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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GEOGRAPHIC REGIONS
We currently sell and distribute our Nu Skin business’s products in nearly 50 markets. We have divided our markets into seven segments: Mainland China; South Korea; Southeast Asia/Pacific, which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Australia, New Zealand and other markets; Americas, which includes Canada, Latin America and the United States; Japan; Hong Kong/Taiwan, which also includes Macau; and Europe & Africa, which includes markets in Europe as well as South Africa. Our Rhyz business arm also includes two additional segments: Manufacturing and Rhyz other. The following table sets forth the revenue for each of the segments and the Other category for the last three years.
| Year Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| (U.S. dollars in millions) · 2023 · 2022 · 2021 | ||||||
| Nu Skin | ||||||
| Americas | $398.2 | 20% | $508.5 | 23% | $547.8 | 20% |
| Mainland China | 298.1 | 15 | 360.4 | 16 | 568.8 | 21 |
| Southeast Asia/Pacific | 267.2 | 14 | 344.4 | 16 | 336.7 | 13 |
| South Korea | 236.1 | 12 | 268.7 | 12 | 354.3 | 13 |
| Japan | 207.8 | 10 | 224.9 | 10 | 266.2 | 10 |
| Europe & Africa | 192.4 | 10 | 204.3 | 9 | 283.2 | 11 |
| Hong Kong/Taiwan | 153.6 | 8 | 157.2 | 7 | 162.6 | 6 |
| Other | (0.9) | — | 4.0 | — | 3.5 | — |
| Total Nu Skin | 1,752.5 | 89 | 2,072.4 | 93 | 2,523.1 | 94 |
| Rhyz | ||||||
| Manufacturing | 181.4 | 9 | 149.5 | 7 | 172.1 | 6 |
| Rhyz other | 35.2 | 2% | 3.8 | — | 0.5 | — |
| Total Rhyz | 216.6 | 11 | 153.3 | 7 | 172.6 | 6 |
| Total | $1,969.1 | 100% | $2,225.7 | 100% | $2,695.7 | 100% |
Additional comparative revenue and related financial information is presented in Note 15 to the consolidated financial statements contained in this report.
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