Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the first quarter ended March 31, 2018.
Rich Goudis, CEO of Herbalife Nutrition stated:
“We reported higher than expected results and returned to growth in the US, reflecting the efforts of our entrepreneurial distributors, who are meeting the needs of consumers around the world.
We are confident about Herbalife Nutrition’s bright future and, accordingly, we have raised our guidance for the full year, as we continue to execute on our strategy to drive long-term growth and fulfill our mission of making the world healthier and happier through personalized nutrition.”
Quater Highlights:
Reported net sales of $1.2 billion increased 7%compared to first quarter 2017, above the guidance range of (1.0%) – 3.0%.
Reported and adjusted diluted EPS of $1.08 and $1.40, respectively, compared to $0.98 and $1.24 for first quarter last year.
Volume points of 1.4 billion were relatively flat compared to the prior year period, above the guidance range of (7.0%) – (3.0%).
Raising FY 2018 volume point guidance range to 3% – 7% growth as well as reported and adjusted diluted EPS guidance to $3.95 – $4.35 and $5.05 – $5.45, on a pre stock split basis, respectively.
About Herbalife Nutrition Ltd.:
Herbalife Nutrition is a global nutrition