Herbalife Nutrition Exceeds First Quarter Net Sales Guidance; Exceeds High End of Reported & Adjusted1 Diluted EPS Guidance b...
May 03 2018 - 4:10PM
Business Wire
Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial
results for the first quarter ended March 31, 2018:
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180503006383/en/
Herbalife Nutrition Reports Q1 2018
Earnings (Graphic: Business Wire)
QUARTER 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 adjusted1 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 adjusted1 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 & 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, and skyrocketing public healthcare
costs, while supporting the 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 Nutrition's targeted nutrition, weight-management,
energy and fitness and personal care products are available
exclusively to and through dedicated Herbalife Nutrition
distributors in more than 90 countries.
Through its corporate social responsibility efforts, Herbalife
Nutrition supports the Herbalife Family Foundation (HFF)
and its Casa Herbalife Nutrition 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, 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.
Herbalife Nutrition also encourages investors to visit its
investor relations website at ir.Herbalife.com as
financial and other information is updated and new information is
posted.
1 Adjusted diluted EPS is a non-GAAP measure and, for the
purpose of guidance, excludes the impact of: non-cash interest
expense associated with the Company’s convertible notes, expenses
related to regulatory inquiries, China grant income, contingent
value rights revaluation, loss on extinguishment of convertible
debt, and Venezuela currency devaluation. Adjusted diluted EPS, for
the purpose of reported results, excludes the impact of the
foregoing as well as expenses relating to challenges to the
Company’s business model, and expenses relating to FTC Consent
Order implementation. See Schedule A – “Reconciliation of Non-GAAP
Financial Measures” for a detailed reconciliation of adjusted net
income to net income calculated in accordance with GAAP and a
reconciliation of adjusted diluted EPS to diluted EPS calculated in
accordance with GAAP and a discussion of why we believe these
non-GAAP measures are useful.
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version on businesswire.com: https://www.businesswire.com/news/home/20180503006383/en/
Herbalife Nutrition Ltd.Media Contact:Jennifer ButlerVP, Media
Relations213.745.0420orInvestor Contact:Eric MonroeDirector,
Investor Relations213.745.0449
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