Herbalife Nutrition Ltd. today reported financial results for the fourth quarter and full year ended December 31, 2018.
Michael O. Johnson, CEO of Herbalife stated:
“In 2018, we continued to show the strength of our business in providing premier nutrition products to distributors and consumers around the world.
We achieved double digit net sales growth and record volume points, enhancing our value for shareholders.
In 2019, our momentum will continue as global trends drive demand for our products and business opportunity, and our distributors deliver value to their customers.”
QUARTER AND FULL YEAR HIGHLIGHTS
Reported net sales of $4.9 billion for the full year 2018, increased 10% compared to full year 2017. Fourth quarter reported net sales of $1.2 billion increased 9% compared to the prior year period.
Record full year 2018 volume points of 5.9 billion, increased 10% compared to 20171.
Full year 2018 reported diluted EPS of $1.98 and adjusted2 earnings of $2.88 per adjusted3 diluted share, compared to $1.29 and $2.43 respectively, for the full year 2017, which were negatively impacted by expenses of approximately $14.1 million or $0.07 per share related to the China Growth and Impact Investment Program.
Fourth quarter reported diluted EPS of $0.34 and adjusted2 earnings of $0.63 per adjusted3 diluted share, which were negatively impacted by expenses of approximately $8.2 million or $0.04 per diluted share related to the China Growth and Impact Investment Program.
Reiterating FY 2019 volume point guidance range of 4.0% – 8.0% growth, as well as reported and adjusted1 diluted EPS guidance of $2.34 – $2.74 and $2.70 – $3.10, respectively.
Record worldwide sales leader retention of 67.9%.Herbalife.
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 poor nutrition and obesity, an aging population, and skyrocketing public healthcare costs, while also providing a means for entrepreneurs of all ages to pursue a business opportunity.
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 Nutrition’s 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 Nutrition Foundation (HNF) and its Casa Herbalife programs to help bring good nutrition to children in need. Herbalife Nutrition is also proud to sponsor more than 190 world-class athletes, teams and events around the globe.
Herbalife Nutrition has approximately 8,900 employees worldwide, and its shares are traded on the New York Stock Exchange (NYSE: HLF) with net sales of approximately $4.9 billion in 2018. To learn more, visit Herbalife.com or IAmHerbalife.com.
Want to read the 1 reviews on Herbalife? Click here for Herbalife Review!