Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the full year and fourth quarter ended December 31, 2022:
Highlights
Full year 2022 net sales of $5.2 billion, a 10.3% decrease compared to the full year 2021. On a constant currency basis1, net sales declined 5.4% compared to the prior year.
Full year 2022 reported diluted EPS of $3.23 and adjusted2 diluted EPS of $3.40, compared to full year 2021 reported and adjusted2 diluted EPS of $4.13 and $4.79, respectively.
Full year 2022 reported net income of $321.3 million and adjusted2 EBITDA of $694.5 million.
Fourth quarter 2022 net sales of $1.2 billion, a 10.4% decrease compared to the fourth quarter 2021. On a constant currency basis1, net sales declined 4.2% compared to the prior year period.
Fourth quarter 2022 reported diluted EPS of $0.55 and adjusted2 diluted EPS of $0.53, compared to fourth quarter 2021 reported and adjusted2 diluted EPS of $0.37 and $0.57, respectively.
Fourth quarter 2022 reported net income of $54.4 million and adjusted2 EBITDA of $130.7 million.
During the fourth quarter, the Company reduced its nominal debt level by approximately $60 million.
Given the rapidly shifting macroeconomic sentiment and backdrop, as well as increased volatility in the market, the Company is not providing FY 2023 guidance.
The Company’s previously announced Transformation