Herbalife International
May 3, 2022
Herbalife Nutrition said first-quarter 2022 net sales were 1.3 billion dollars, down 11.0 percent from a year earlier. Reported diluted earnings per share were 96 cents and adjusted diluted earnings per share were 99 cents. Net income was 98.2 million dollars and adjusted EBITDA was 185.6 million dollars. The company bought back about 2.6 million shares for 101.7 million dollars in the quarter.
Chairman and chief executive John Agwunobi said new sales initiatives, incremental pricing, and cost controls were underway. Full-year 2022 net sales guidance was cut to a decline of 10.0 percent to 4.0 percent, with adjusted diluted EPS of 3.50 to 4.00 dollars and adjusted EBITDA of 680 million to 740 million dollars.