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Sep 30, 2022
Herbalife Q3 2022 Earnings Report
Herbalife Nutrition's third quarter results were announced, showing a decrease in net sales and earnings per share compared to the previous year, while also announcing a CEO transition and the withdrawal of full-year guidance.
Key Takeaways
Herbalife Nutrition reported a decrease in net sales by 9.5% to $1.3 billion compared to Q3 2021. The company reported diluted EPS of $0.83 and adjusted diluted EPS of $0.91. Due to macroeconomic conditions, Herbalife withdrew its full year 2022 guidance. Michael O. Johnson was announced as Chairman and interim CEO.
Net sales decreased by 9.5% to $1.3 billion compared to the third quarter of 2021.
Reported diluted EPS was $0.83, and adjusted diluted EPS was $0.91, compared to $1.09 and $1.21 respectively in Q3 2021.
Net income was reported at $82.2 million, and adjusted EBITDA was $182.8 million.
The company reduced its debt levels by paying down $50 million of its revolving credit facility.
Revenue by Geographic Location
Forward Guidance
Due to the rapidly shifting macroeconomic sentiment and increased market volatility, the Company is withdrawing its full year 2022 guidance and will reassess its ability to provide guidance periodically.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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