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Herbalife Q1 Sales Up 7% To $1.2 Billion

Herbalife Q1 Sales Up 7% To $1.2 Billion

Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the first quarter ended March 31, 2018.
Rich Goudis, CEO of Herbalife Nutrition stated:

We reported higher than  expected results and  returned to growth in the US, reflecting the efforts of our entrepreneurial distributors, who are meeting the needs of consumers around the world.

 

We are confident about Herbalife Nutritions bright future and, accordingly, we have raised our guidance for the full year, as we continue to execute on our strategy to drive long-term growth and fulfill our mission of making the world healthier and happier through personalized nutrition.’

Quater Highlights:
  • Reported net sales of $1.2 billion increased 7%compared to first quarter 2017, above the guidance range of (1.0%) ‘“ 3.0%.
  • Reported and adjusted diluted EPS of $1.08 and $1.40, respectively, compared to $0.98 and $1.24 for first quarter last year.
  • Volume points of 1.4 billion were relatively flat compared to the prior year period, above the guidance range of (7.0%) ‘“ (3.0%).
  • Raising FY 2018 volume point guidance range to 3% ‘“ 7% growth as well as reported and adjusted diluted EPS guidance to $3.95 ‘“ $4.35 and $5.05 ‘“ $5.45, on a pre stock split basis, respectively.

About Herbalife Nutrition Ltd.:

Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. The Company has been on a mission for nutrition – changing people’s lives with great nutrition products and programs – since 1980.

Together with our Herbalife Nutrition independent distributors, we are committed to providing solutions to the worldwide problems of poor nutrition and obesity, an aging population, skyrocketing public healthcare costs and a rise in entrepreneurs of all ages. Herbalife Nutrition offers high-quality, science-backed products, most of which are produced in Company-operated facilities, one-on-one coaching with an Herbalife Nutrition independent distributor, and a supportive community approach that inspires customers to embrace a healthier, more active lifestyle.

Herbalife Nutritions targeted nutrition, weight-management, energy and fitness and personal care products are available exclusively to and through its independent distributors in more than 90 countries.

Through its corporate social responsibility efforts, Herbalife Nutrition supports the Herbalife Family Foundation (HFF) and its Casa Herbalife programs to help bring good nutrition to children in need. HerbalifeNutrition is also proud to sponsor more than 190 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy, and numerous Olympic teams.

Herbalife Nutrition has over 8,000 employees worldwide, and its shares are traded on the New York Stock Exchange (NYSE: HLF) with net sales of approximately $4.4 billion in 2017. To learn more, visit Herbalife.com or IAmHerbalife.com.

 

Get more information, fact and figures about Herbalife, click here for the Herbalife overview.

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