Herbalife Nutrition reported a decrease in net sales for the fourth quarter of 2021 compared to the same period in 2020, but the company saw growth on a two-year stack basis and continued growth in the Indian market. The company is initiating FY 2022 net sales guidance range of 0% - 6% growth.
Fourth quarter net sales decreased 6.6% compared to 2020.
Reported diluted EPS was $0.37, and adjusted diluted EPS was $0.57.
Reported net income was $38.2 million.
Company announced additional investments in the Indian market with the opening of a new center of excellence.
Herbalife Nutrition initiated full year 2022 guidance, including net sales in the range of flat to 6% growth. Given current inflationary pressures, the Company expects 2022 adjusted diluted EPS and adjusted EBITDA to be impacted due to higher than usual cost increases within its supply chain.
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