Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the second quarter ended June 30, 2019.
“Our performance demonstrates the strength of our geographic diversity as this was the Company’s second largest quarter in history, despite the challenges in China.”
stated Michael O. Johnson, Chairman and CEO of Herbalife Nutrition.
Reported net sales of $1.2 billion decreased 3.5% compared to the second quarter 2018. Excluding China, net sales increased 5.4% compared to the second quarter 2018 with growth in eight of our top ten countries.
Volume points of 1.5 billion were flat compared to the prior year period, with three of six regions setting quarterly volume point records. Excluding China, volume points increased 5.6% compared to the prior year period.1
Second quarter reported diluted EPS of $0.54 and adjusted2 earnings of $0.70 per adjusted3 diluted share, both of which were negatively impacted by expenses of approximately $4.0 million or $0.02 per diluted share and adjusted3 diluted share, respectively, related to the China Growth and Impact Investment Program.
The Company is revising full year 2019 volume point guidance to a range of 0.5% – 5.0% growth, net sales guidance to a range of (1.7%) – 2.8%, as well as reported and adjusted1,3 diluted EPS guidance to a range of $2.11 – $2.51 and $2.40 – $2.80, 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 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.
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