Herbalife Ltd. (NYSE: HLF) reports results for the fourth quarter and full year ended December 31, 2017.
Fourth quarter 2017 reported net sales of $1.1 billion increased 5% and 3% on an as reported and constant currency basis, respectively, compared to fourth quarter 2016.
Fourth quarter 2017 reported EPS of ($0.87) per diluted share compared to $1.16 per diluted share for the comparable prior year quarter, which includes a provisional one-time non-cash charge of $153 million, or ($2.01) per adjusted1 diluted share, as a result of the Tax Cuts and Jobs Act (the “Tax Act”) that was signed into law on December 22, 2017.
Adjusted2 earnings per adjusted1 diluted share of $1.29 increased 29% compared to $1.00 per diluted share for the comparable prior year quarter.
Reiterates FY 2018 volume point guidance range of 2% to 6% growth as well as reported and adjusted2 diluted EPS guidance of $3.82 to $4.22 and $4.60 to $5.00.
Announces new executive organization structure.
“After a year of transition, we returned to net sales growth in the fourth quarter as expected, and we anticipate stronger net sales growth for the full year in 2018,”
said Rich Goudis, CEO of Herbalife.
“This growth is due to the determination and hard work of