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Sep 30, 2021
Herbalife Q3 2021 Earnings Report
Herbalife Nutrition reported a decrease in net sales but exceeded adjusted EPS and EBITDA guidance.
Key Takeaways
Herbalife Nutrition reported Q3 2021 financial results with net sales of $1.4 billion, a 6% decrease compared to Q3 2020, but in line with guidance. Diluted EPS was $1.09, and adjusted diluted EPS was $1.21. The company exceeded the high-end of its guidance range for adjusted diluted EPS and adjusted EBITDA and is reiterating its FY 2021 outlook.
Net sales were $1.4 billion, a 6% decrease compared to the prior year, but in-line with guidance.
Reported diluted EPS was $1.09, and adjusted diluted EPS was $1.21, both increasing by approximately 5% compared to the prior year.
The company exceeded the high-end of its guidance range for adjusted diluted EPS and adjusted EBITDA.
Asia Pacific led with double-digit net sales growth, up 11% compared to the prior year.
Revenue by Geographic Location
Forward Guidance
The Company is reiterating its outlook for the full year 2021, including net sales growth of 4.5% - 8.5% and adjusted diluted EPS of $4.55 - $4.95.
Positive Outlook
- Net sales growth between 4.5% and 8.5%
- Adjusted diluted EPS between $4.55 and $4.95
- Adjusted EBITDA between $860 million and $910 million
- Net sales guidance includes a projected currency tailwind of approximately 200bps
- Adjusted diluted EPS guidance includes a projected currency tailwind of approximately $0.11 per diluted share
Challenges Ahead
- Excludes any future potential Venezuela currency devaluations and associated pricing and inflationary consequences.
- Excludes any future potential ongoing tax effects from the exercise or vesting of equity awards that could impact the Company's tax rate due to the stock compensation accounting standard.
- Excludes benefits from future potential China grant income.
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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