Herbalife Nutrition Ltd. HLF Financial results for the third quarter ended September 30, 2022 reported today:
This press release is multimedia. Check out the full release here: https://www.businesswire.com/news/home/20221031005285/en/
“Building momentum will be my primary focus as I continue to work with this talented management team.” – Michael O. Johnson, Chairman and Interim CEO of Herbalife Nutrition
highlights
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Net sales for the third quarter of 2022 of $1.3 billion, a decrease of 9.5% compared to the third quarter of 2021. On a constant currency basis1net sales fell by 3.5% compared to the same period last year.
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The third quarter of 2022 reported diluted and adjusted earnings per share of $0.832 diluted earnings per share of $0.91 compared to the reported and restated third quarter of 20212 diluted earnings per share of $1.09 and $1.21, respectively.
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The third quarter of 2022 reported adjusted net income of $82.2 million2 EBITDA of $182.8 million.
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During the third quarter, the company reduced its debt by repaying $50 million of its revolving credit facility.
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Given the rapidly changing macroeconomic sentiment and backdrop, as well as heightened volatility in the market, the Company is withdrawing its guidance for fiscal 2022. The company will periodically reassess its ability to provide guidance when we believe future performance can be reasonably estimated.
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Michael O. Johnson Announced as Chairman and Interim CEO. Further information on the CEO change can be found in the separate press release.
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1 Net sales growth/decrease excluding the impact of foreign exchange is based on “net sales in local currency”, a non-GAAP financial measure. See Appendix A – “Reconciliation of Non-GAAP Financial Measures” for a discussion of why we believe adjusting for foreign exchange is useful.
2 Adjusted diluted earnings per share and Adjusted EBITDA are non-GAAP measures. See Appendix A – “Reconciliation of Non-GAAP Financial Measures” for a detailed reconciliation of these financial measures to…
