Herbalife's third quarter 2024 results showed net sales of $1.2 billion, a decrease of 3.2% year-over-year, but an improvement in gross profit margin to 78.3%. Net income was $47.4 million, and adjusted EBITDA was $166.5 million. The company realized savings from its Restructuring Program and completed the sale and leaseback of its Torrance office building.
Net sales were $1.2 billion, down 3.2% year-over-year, impacted by foreign currency headwinds.
Gross profit margin improved to 78.3%, benefiting from pricing and favorable input costs.
Net income was $47.4 million, with adjusted EBITDA at $166.5 million.
The number of new distributors increased by 14% year-over-year, marking the second consecutive quarter of improvement.
The company expects to incur total capital expenditures of approximately $120 million to $140 million and total capitalized SaaS implementation costs of approximately $20 million for the full year of 2024.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance