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Mar 31, 2023
Herbalife Q1 2023 Earnings Report
Herbalife's first quarter 2023 results were announced, with net sales down 6.3% year-over-year, but the company anticipates growth by the end of the year.
Key Takeaways
Herbalife reported a decrease in net sales by 6.3% to $1.3 billion compared to Q1 2022. Net income was $29.3 million, and adjusted diluted EPS was $0.54. The company is focusing on its Transformation Program to drive productivity and has amended its Senior Secured Credit Facility for greater financial flexibility.
Net sales for Q1 2023 were $1.3 billion, a decrease of 6.3% compared to Q1 2022.
Reported net income for Q1 2023 was $29.3 million, with an adjusted EBITDA of $128.9 million.
Diluted EPS for Q1 2023 was reported at $0.29, and adjusted diluted EPS was $0.54.
The Transformation Program is expected to result in $35 million of savings in 2023 and is on track to exceed $70 million in run rate savings in 2024 and beyond.
Revenue by Geographic Location
Forward Guidance
Given the continued dynamic macroeconomic backdrop, the Company is not providing guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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