Herbalife Ltd. Announces First Quarter 2016 Results and Raises Full Year Adjusted Guidance
First quarter 2016 adjusted1 EPS of $1.36 per diluted share increased 5% compared to $1.29 per diluted share for the comparable prior year quarter. Reported EPS increased 22% to $1.12 per diluted share compared to $0.92 per diluted share for the comparable prior year quarter.
First quarter 2016 reported net sales of $1.1 billion increased 1% and 11%, on an as reported and constant currency basis, respectively, compared to the prior year period.
Volume points increased 4% in the first quarter 2016 compared to the first quarter 2015.
Raises FY ’16 adjusted diluted EPS guidance to a range of $4.40 to $4.75; up from the previous range of $4.05 to $4.50.
Herbalife Ltd. (NYSE: HLF) reported first quarter net sales of $1.1 billion, reflecting