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Jun 30, 2023
Herbalife Q2 2023 Earnings Report
Herbalife's financial performance saw a decrease in net sales, but gross profit margin improved, and the Transformation Program yielded increased cost savings.
Key Takeaways
Herbalife reported a 5.7% decrease in net sales to $1.3 billion for Q2 2023. Despite the sales decline, gross profit margin improved, and the company's Transformation Program is expected to deliver increased cost savings. The company reported net income of $59.9 million and adjusted EBITDA of $169.6 million.
Net sales decreased by 5.7% compared to Q2 2022, totaling $1.3 billion.
Net income was reported at $59.9 million.
Adjusted EBITDA reached $169.6 million.
Transformation Program now expected to deliver at least $90 million in annual cost savings.
Revenue by Geographic Location
Forward Guidance
Herbalife anticipates a return to growth by the end of 2023, driven by improving trends, product innovation, and strong distributor engagement.
Positive Outlook
- Trends are improving.
- Product innovation commitments are being delivered.
- Distributors are more energized and engaged.
- High level of engagement and strong momentum are expected to continue.
- Company expects to return to growth by the end of 2023.
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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