Herbalife Ltd. reported second quarter net sales of $1.2 billion, reflecting an increase of 3% compared to the prior year period. Second quarter 2016 net sales, excluding the impact of currency, grew by 10%.
On a reported basis, second quarter net loss of $22.9 million or ($0.28) per diluted share which includes the impact of $203 million related to regulatory settlements, compared to net income of $82.8 million or $0.97 per diluted share for the comparable quarter in 2015.
Adjusted1 earnings for the quarter grew 4% to $1.29 per adjusted2 diluted share, compared to $1.24 per diluted share for the second quarter in 2015.
Due to currency fluctuations, second quarter 2016 reported and adjusted1 net income were negatively impacted by $27.7 million and $26.6 million, respectively, and reported EPS and adjusted1 earnings per adjusted2 diluted