Nu Pores and skin introduced its monetary outcomes for the primary quarter of 2023, reporting $481.5 million in income, in comparison with $604.9 million throughout the identical quarter of final 12 months. Gross margin was down barely to 72.3% from 73.3% because of world inflation pressures, and buyer numbers had been down 18% from the primary quarter of 2022, totaling 1,083,536.
Steerage for the second quarter of 2023 contains income between $485 million to $525 million with an EPS of $0.45 to $0.55. Full 12 months 2023 outlook contains income between $2.03 billion to $2.18 billion and an EPS between $2.27 to $2.67.
“We’re reiterating our 2023 steerage with gradual sequential enhancements in our enterprise all year long regardless of a difficult world macro setting,” mentioned James Thomas, Nu Pores and skin Interim Chief Monetary Officer. “We’re managing our value construction conservatively and are investing in key progress initiatives that assist our Nu Imaginative and prescient 2025 technique. Our annual income steerage stays at $2.03 to $2.18 billion, with an approximate 1 to 2 p.c overseas foreign money headwind. We’re additionally reiterating reported EPS of $2.27 to $2.67 and growing non-GAAP EPS to $2.41 to $2.81, which excludes the primary quarter restructuring cost of $9.8 million. For the second quarter, we challenge income of $485 to $525 million, assuming a detrimental overseas foreign money influence of roughly 1 to 2 p.c, with reported earnings per share of $0.45 to $0.55.”
