Herbalife reported a 2.5% decrease in net sales, totaling $1.3 billion, but achieved growth on a constant currency basis. The adjusted EBITDA of $180.0 million exceeded expectations, with a margin increase of 120 basis points year-over-year. The company is focused on driving shareholder value and reducing total leverage.
Net sales were $1.3 billion, a decrease of 2.5% compared to Q2 2023.
Net income reached $4.7 million, with an adjusted net income of $54.8 million.
Adjusted EBITDA was $180.0 million, exceeding the company's guidance.
Diluted EPS was $0.05, while adjusted diluted EPS was $0.54.
Herbalife provided guidance for the third quarter and revised full-year 2024 guidance, reducing net sales expectations but raising adjusted EBITDA guidance and reaffirming capital expenditure plans.
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