In today’s briefing:
- IPAR: Catalysts for Further Growth
- ARLO: Discounts and Subscriber Growth
- Nu Skin: 50% Downside Is Possible In 2023
IPAR: Catalysts for Further Growth
- IPAR has added Lacoste to its portfolio of fragrance licenses and should lead to incremental growth in 2024.
- Lacoste, like IPAR’s other major licenses, is a well-established brand that is likely to immediately contribute to sales and earnings growth when in 2024
- Heading into the holiday shopping season of 2022, fragrance was proving as a high demand category from consumers
ARLO: Discounts and Subscriber Growth
- ARLO spent the fourth quarter adjusting to a tough consumer environment with deep discounts to clear out channel inventory.
- ARLO had already provided quarterly revenue guidance taking into consideration the discounting and promotions that would run during the quarter.
- Paying subscriber count rising remains the value proposition in owning shares of ARLO. Quarterly adds closer to what ARLO has been achieving would be a positive for the stock.
Nu Skin: 50% Downside Is Possible In 2023
- Despite re-openings in China, Nu Skin’s operations remain exposed to cyclical risks.
- The company’s net margins are poor, and earnings crash risk is a regular feature.
- The stock’s technical features imply that it could rebound in 2023, but it presents an isolated case with little substance in the broader context.
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