NUS — what changed in the latest 10-Q
A section-by-section comparison of NUS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-06 vs the prior 10-Q · 2026-08-10
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −13 | ~31 | 27 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −2 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-06
The decrease in segment contribution for the third quarter and first nine months of 2026 primarily reflects the decline in revenue. For the third quarter of 2026 segment contribution was impacted by a 1.4 percentage-point decline in gross margin primarily from the fixed cost pressures from our manuf…
Hong Kong/Taiwan. The declines in our Hong Kong/Taiwan segment for the third quarter and first nine months of 2026 are attributable to macroeconomic issues, which are resulting in less purchasing power for our customers. In addition, our reported revenue for the third quarter and first nine months o…
The decrease in segment contribution for the third quarter and first nine months of 2026 is primarily attributable to the decline in revenue as well as a 1.2 and 1.4 percentage-point increase in selling expenses associated with our recent compensation plan enhancements.
The year-over-year decline in segment contribution for the third quarter and first nine months of 2026 primarily reflects the decline in revenue as well as the fixed cost pressures on general and administrative expenses, partially offset by a 7.1 and 2.3 percentage-point decline in selling expenses …
Manufacturing. Our Manufacturing segment revenue increased 19.3% for the third quarter of 2026 and declined 9.3% for the first nine months of 2026. We experienced a decline in orders for the first half of 2026 partially attributable to the challenging comparison with a strong first half of 2025, as …
Text removed vs the prior filing · source: 10-Q · 2026-08-10
The decrease in segment contribution for the second quarter and first half of 2026 primarily reflects the decline in revenue and associated fixed cost pressures on general and administrative expenses.
Hong Kong/Taiwan. The declines in our Hong Kong/Taiwan segment for the second quarter and first half of 2026 are attributable to macroeconomic issues, which are resulting in less purchasing power for our consumers. Our Taiwan market has shown indicators of stabilization with local currency growth fo…
The decrease in segment contribution for the second quarter of 2026 is primarily attributable to the decline in revenue. The decrease in segment contribution for the first half of 2026 is primarily from the decline in revenue as well as a 1.5 percentage-point increase in selling expenses associated …
The year-over-year decline in segment contribution for the second quarter and first half of 2026 primarily reflects the decline in revenue.
Manufacturing. Our Manufacturing segment revenue decreased 23.2% and 21.1% for the second quarter and first half of 2026, respectively. The decrease is partially due to a challenging comparison with a strong first half of 2025, as well as customer order delays related to the tariff and associated ec…
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-06
On November 4, 2026, the Company and Justin Keisel determined that Mr. Keisel will step down from his position as Executive Vice President and President of Global Sales, effective as of November 6, 2026. Pursuant to the Company’s Executive Severance Policy, it is anticipated that Mr. Keisel will sig…
Text removed vs the prior filing · source: 10-Q · 2026-08-10
On August 6, 2026, we drew $30 million under our revolving credit facility, bringing the total balance under our revolving credit facility to $70 million as of the date hereof. We anticipate repaying approximately $25 million during the third quarter of 2026. The material terms of the Credit Agreeme…
On May 12, 2026, Emma Battle, a member of our Board of Directors, adopted a trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), to sell up to 6,823 shares of Class A common stock between August 13, 2026 and May 11, 2027.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice