Herbalife Ltd. (NYSE: HLF) reported third quarter net sales of $1.1 billion. Local currency net sales grew by 5%, while reported net sales declined 12% primarily due to the continuing unfavorable impact of currency exchange rates.
Adjusted1 earnings for the quarter were $1.28 per diluted share compared to $1.45 per diluted share for the same period in 2014. On a reported basis, third quarter net income was $93.6 million, or $1.09 per diluted share, compared to $11.2 million, or $0.13 per diluted share for the same period in 2014. Third quarter 2015 diluted EPS was negatively impacted by a $0.422 currency fluctuation.
For the quarter ended September 30, 2015, the company generated $134.5 million in net operating cash flow, and invested $17.1 million in capital expenditures.
For the full year 2015, the company is