Herbalife International
November 2, 2021
Herbalife Nutrition reported third quarter net sales of 1.4 billion dollars, down 6 percent from a year earlier and in line with the outlook issued on September 13. Reported diluted earnings per share were 1.09 dollars and adjusted diluted earnings per share were 1.21 dollars, both about 5 percent higher than a year earlier. Reported net income was 117.4 million dollars. Adjusted EBITDA was 222.4 million dollars, above the top of the September guidance range.
On a two-year comparison, net sales were 15 percent higher than the third quarter of 2019. Chairman and chief executive John Agwunobi said the company was still on track for a record sales year despite hard comparisons in the third and fourth quarters. During the quarter the company repurchased about 3.5 million shares for 162 million dollars.
Herbalife repeated full-year guidance for net sales growth of 4.5 percent to 8.5 percent, adjusted diluted earnings per share of 4.55 to 4.95 dollars, and adjusted EBITDA of 860 million to 910 million dollars.