Herbalife Q3 2011 Revenue 30% Higher to $1,017 million
Herbalife Ltd. Announces Record Third Quarter 2011 Results
- Third quarter net sales increased 30.0 percent on volume growth of 23.4 percent compared to the prior year period.
- 236,191 Active Sales Leaders (+23%)
- Asia Pacific largest market ($261 million)
- Third quarter fully diluted EPS of $0.87 increased 45.0 percent compared to the $0.60 adjusted fully diluted EPS1 from prior year period.
- Initial FY'12 EPS guidance in a range of $3.25 to $3.45.
- Repurchased 2.8 million shares for $150 million during the third quarter.
Herbalife Ltd. (NYSE: HLF) today reported that third quarter net sales increased 30.0 percent and local currency net sales increased 24.1 percent compared to the same time period in 2010. Net income for the quarter of $108.0 million, or $0.87 per diluted share compares to 2010 third quarter adjusted net income and adjusted EPS of $75.7 million and $0.60, respectively.
Our business has never been stronger, said Michael O. Johnson, the company's chairman and CEO. In the third quarter Herbalife saw the highest volume point growth rate of the past five years as we eclipsed the one-billion volume point mark for the first time in the company's history.
For the quarter ended September 30, 2011, the company generated cash flow from operations of $143.0 million, an increase of 42.3 percent compared to the third quarter 2010, paid dividends of $23.5 million, invested $16.9 million in capital expenditures and repurchased $150.0 million in common shares outstanding related to our share repurchase program.
Corporate leadership
Executive team from left to right: Michael O. Johnson Chairman and Chief Executive Officer, Brett R. Chapman General Counsel, Des Walsh President, Richard P. Goudis Chief Operating Officer,, Y. Steve Henig Chief Scientific Officer, John DeSimone Chief Financial Officer
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WOW, 23% growth. It shows the world Direct Selling is Alive and Kicking
Hi Ted,
Molre good news from one of the strongest companies in the Direct Sales arena. Just proves, products which bring real benefit to the end user, strong business ethics and a good reward structure will stay the course. Important lessons here for some companies and distributors out there?
Regards,
John
https://www.theglobalpartnership.biz
Direct Selling is moving like a train with no brake and no gears.
Who would have thought that a company on the brink of going under in the mid eighties, was able to rebuild to become a multi billion dollar mlm giant? Amazing stuff.