Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the fourth quarter and full year ended December 31, 2020:
QUARTER AND FULL YEAR HIGHLIGHTS
Full year 2020 net sales of $5.5 billion increased 13.6% compared to full year 2019, representing the largest annual net sales result in Company history. Three of our six regions: Asia Pacific, EMEA, and North America set annual net sales records.
Fourth quarter net sales of $1.4 billion increased 15.6% compared to the fourth quarter 2019, representing the largest fourth quarter net sales result in Company history.
Full year 2020 reported diluted EPS of $2.77 and adjusted1 earnings of $3.712 per diluted share, each grew by approximately 25% compared to $2.20 and $2.982 per adjusted3 diluted share respectively, for the full year 2019.
Fourth quarter 2020 reported diluted EPS of $0.59 and adjusted1 earnings of $0.71 4 per diluted share, compared to $0.40 and $0.76 4 respectively, for the fourth quarter 2019.
China grant income will no longer be excluded from adjusted1 results. Adjusted results from all prior year periods have been updated in Schedule A to no longer exclude China grant income.
Raising FY 2021 net sales guidance ranges to 6.0% to 14.0% growth, as well as raising reported and adjusted1 diluted EPS guidance ranges to $4.05 – $4.55 and $4.25 – $4.75, respectively.
Company announces board approval of a new three-year $1.5 billion share repurchase program.
About Herbalife Nutrition Ltd.
Herbalife Nutrition is a global company that has been changing people’s lives with great nutrition products and a proven business opportunity for its independent distributors since 1980.
The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company’s global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities worldwide. For more information please visit www.herbalife.com
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