Herbalife reported net sales of $1.2 billion increased 15% compared to third quarter 2017.
Volume points of 1.5 billion, increased 15% compared to the prior year period, above the guidance range of 8.5%– 12.5%. This was the largest year over year volume point percentage growth in a single quarter since 2012.
Reported diluted EPS of $0.49 and adjusted1 earnings of $0.74 per adjusted2 diluted share, compared to $0.33 and $0.41, respectively, for the third quarter last year, which were negatively impacted by expenses of approximately $4.4 million or $0.02 per share related to the China Growth and Impact Investment Program.
Updating FY 2018 volume point and net sales guidance range to 8.6% – 9.6% growth and 9.9% – 10.9% growth, respectively, as well as reported and adjusted1 diluted EPS guidance to $1.99 – $2.09 and $2.74 – $2.84, respectively.
Initiating FY 2019 net sales guidance in a range of 2.8% – 6.8% growth, which includes an approximate 220 bps currency headwind.
Company announces board approval of a new five year $1.5 billion share repurchase program.
“Our strong sales and earnings performance during the third quarter demonstrate the global consumer demand for our nutrition products.”
Rich Goudis, CEO of Herbalife Nutrition.
About Herbalife
Herbalife Nutrition is a global nutrition company