Herbalife International
August 2, 2022
Herbalife Nutrition said second-quarter 2022 net sales were 1.393 billion dollars, down 10.3 percent from a year earlier, or 5.9 percent in constant currency. Reported diluted earnings per share were 88 cents and adjusted diluted earnings per share were 96 cents. Net income was 86.5 million dollars and adjusted EBITDA was 195.4 million dollars. The company bought back about 1.1 million shares for 30.2 million dollars in the quarter.
Chairman and chief executive John Agwunobi said results exceeded high-end guidance for sales, adjusted EBITDA, and adjusted EPS. Full-year net sales guidance was reaffirmed at a decline of 10.0 percent to 4.0 percent and adjusted EBITDA at 680 million to 740 million dollars, while adjusted diluted EPS guidance was lowered to 3.25 to 3.75 dollars on currency headwinds. The company said it expected a return to year-over-year net sales growth in the fourth quarter.