Source: Press Release 11/5/2017

Herbalife Reports Third Quarter Results

November 02, 2017

LOS ANGELES--Herbalife Ltd. reports results for the third quarter ended September 30, 2017.

"During this year of transition, we believe our performance has now stabilized and we are seeing improvements in trends," said Rich Goudis, CEO of Herbalife. "By continuing to implement our strategic plan, we expect to build on the improving trends and return to growth in 2018."

For the third quarter 2017, the company reported net sales of $1.1 billion, which represents a decline of 3.3% and 4.0% on an as reported and constant currency basis, respectively, compared to the third quarter 2016.

Third quarter 2017 volume points of 1.3 billion declined 5.6% compared to the prior year period.

On a reported basis, third quarter 2017 net income was $54.5 million, or $0.66 per diluted share, compared to third quarter 2016 net income of $87.7 million, or $1.01 per diluted share.

Adjusted earnings for the third quarter 2017 was $0.82 per diluted share compared to $1.21 per diluted share for the third quarter of 2016.

For the full year 2017, the company is narrowing its 2017 reported and adjusted diluted EPS guidance to ranges of $3.90 to $4.10 and $4.42 to $4.62, respectively, from the previous ranges of $3.80 to $4.20 and $4.30 to $4.70, respectively.

For the full year 2018, the company is providing initial volume guidance in the range of 2% to 6% growth and initial full year 2018 GAAP diluted and adjusted diluted EPS guidance in the range of $3.82 to $4.22 and $4.60 to $5.00, respectively.

View Herbalife International Review

Related News

  • Herbalife Nutrition Recognized With Forbes Magazine Award
    LOS ANGELES--Global nutrition company, Herbalife, is honored to receive a place on Forbes' list of America's Best Midsize Employers.

    "We're proud to be recognized as part of the Forbes list of America's Best Midsize Employers," said Jean Marie Cacciatore, senior vice president of human resour...  Read More...

  • FTC Sending Checks to Herbalife Distributors
    January 10, 2017 -- The FTC announced it is mailing checks to almost 350,000 Herbalife distributors as part of the ettlement with Herbalife. Herbalife agreed to pay $200 million and to restructure its business in order to avoid being classified as a pyramid scheme. Herbalife publicly disagreed wit...  Read More...
  • Herbalife Nutrition Announces CEO Transition Plan
    November 01, 2016 LOS ANGELES--Global nutrition company Herbalife Ltd. today announced that consistent with the Company's planned succession strategy, Michael O. Johnson, Herbalife Nutrition's chief executive officer (CEO) since 2003 and chairman since 2007, will transition to the role of executive ...  Read More...
  • Herbalife Nutrition to Participate in Upcoming Scientific Conferences
    LOS ANGELES--Herbalife, a global nutrition company, will be participating in five upcoming scientific conferences to present nutritionists and other food experts with the Company's industry-leading expertise.

    Herbalife Nutrition employs 300 scientists, including 36 Ph.Ds., to guide the vigoro...  Read More...

 

Herbalife International News Archive

New Companies on Npros

Receive News and
Updates from Npros.com

 Send me news updates
 Send me New Companies

RSS Npros News Feed