Herbalife International
October 31, 2022
Herbalife Nutrition reported third-quarter 2022 net sales of 1.3 billion dollars, down 9.5 percent from a year earlier and down 3.5 percent in constant currency. Net income was 82.2 million dollars, or 0.83 dollars per diluted share, compared with 1.09 dollars a year earlier. Adjusted diluted EPS was 0.91 dollars versus 1.21 dollars, and adjusted EBITDA was 182.8 million dollars.
The company paid down 50 million dollars on its revolving credit facility during the quarter. Significant strength in India supported global distributor metrics, and management said it is focused on improving those metrics outside India. Herbalife withdrew its full-year 2022 guidance amid the leadership transition and said it plans a new distributor recruiting and engagement campaign.