Herbalife Nutrition Ltd. (NYSE: HLF) reported financial results for the second quarter ended June 30, 2018:
Reported net sales of $1.3 billion increased 12% compared to second quarter 2017.
Local currency net sales growth in all six regions.
Volume points of 1.5 billion, the highest amount to be recorded in a quarter in Company history,
increased 12% compared to the prior year period, above the guidance range of 4.0%– 8.0%.
Reported diluted EPS of $0.62 and adjusted earnings of $0.80 per adjusted diluted share, compared to $0.81 and $0.76, respectively, for the second quarter last year.
Raising FY 2018 volume point guidance range to 6.0% – 9.0% growth, as well as updating reported and adjusted diluted EPS guidance to $1.95 – $2.15 and $2.60 – $2.80, respectively.
Our top-line growth rate accelerated in the second quarter reflecting the strength of our business model to provide solutions to many of today’s global nutrition and wellness megatrends.
says Rich Goudis, CEO of Herbalife Nutrition.
About Herbalife
Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. The Company has been on a mission for nutrition – changing people’s lives with great nutrition products & programs – since 1980. Together with our Herbalife Nutrition independent distributors,