Herbalife International
February 23, 2022
Herbalife Nutrition said full-year 2021 net sales rose 4.7 percent to a company-record 5.8 billion dollars, with reported diluted earnings per share of 4.13 dollars and adjusted diluted earnings per share of 4.79 dollars. Reported net income was 447.2 million dollars and adjusted EBITDA was a record 873.5 million dollars. The company repurchased about 20.4 million shares for 983 million dollars during the year. Fourth-quarter net sales were 1.3 billion dollars, down 6.6 percent.
Chairman and chief executive John Agwunobi said Asia Pacific, North America, and EMEA each set annual net sales records. The company initiated 2022 net sales guidance of flat to 6 percent growth, adjusted diluted EPS of 4.25 to 4.75 dollars, and adjusted EBITDA of 785 million to 845 million dollars, assuming 50 million dollars of buybacks per quarter. It also outlined a transformation program with first-phase pre-tax charges of 25 million to 30 million dollars and expected annual savings of 10 million to 15 million dollars.