Herbalife Reports Year-Over-Year Net Sales Growth for Second Consecutive Quarter; Raises Full-Year 2024 Adjusted EBITDA¹ Guidance
Herbalife Ltd. Common Shares (HLF)
Last herbalife ltd. common shares earnings: 2/18 04:10 pm
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ir.herbalife.com
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Herbalife Ltd. (NYSE: HLF) today reported financial results for the first quarter ended March 31, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430842240/en/“We achieved our second consecutive quarter of year-over-year net sales growth. We are laser focused on cost reductions, which drove outperformance of our Adjusted EBITDA1 guidance,” said Michael Johnson, Chairman and CEO.HighlightsFirst Quarter 2024Achieved year-over-year net sales growth on both reported and constant currency basis2Net sales of $1.3 billion, up 1.0% vs. 1Q ’23, in-line with guidance; on constant currency basis2 up 2.4%Net income of $24.3 millionAdjusted EBITDA1 of $138.3 million exceeds guidance; adjusted EBITDA1 margin up 60 basis points year-over-yearDiluted EPS of $0.24 and adjusted diluted EPS1 of $0.49Announced new restructuring plan to streamline organizational structureAnnual cost savings of at least $
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HLF
Earnings
- 5/1/24 - Beat
HLF
Sec Filings
- 5/10/24 - Form 4
- 5/8/24 - Form 4
- 5/7/24 - Form 4
- HLF's page on the SEC website