Herbalife International
February 17, 2021
Herbalife Nutrition reported full-year 2020 net sales of 5.5 billion dollars, up 13.6 percent and the largest annual result in company history. Fourth-quarter net sales were 1.4 billion dollars, up 15.6 percent and a record fourth quarter. Chairman and chief executive John Agwunobi said distributors met global demand for nutrition products in the best year the company has had.
Reported diluted earnings were 2.77 dollars for the year, up about 25 percent, and adjusted earnings were 3.71 dollars a share. Fourth-quarter reported earnings were 0.59 dollars a share and adjusted earnings were 0.71 dollars. Asia Pacific, EMEA, and North America each set annual net sales records. North America full-year net sales were 1.37 billion dollars, up 33.9 percent. China full-year net sales rose 7.7 percent, while fourth-quarter China sales fell 7.6 percent.
The board approved a new three-year share repurchase program of 1.5 billion dollars. The company raised 2021 net sales guidance to growth of 6.0 percent to 14.0 percent and set reported diluted earnings guidance of 4.05 to 4.55 dollars a share, with adjusted guidance of 4.25 to 4.75 dollars.