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Stock impact report

Herbalife stock rises 11% after hours on Q2 results beat, new digital growth initiative [Seeking Alpha]

Herbalife Ltd. Common Shares (HLF) 
Last herbalife ltd. common shares earnings: 2/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.herbalife.com
Company Research Source: Seeking Alpha
Herbalife stock rises 11% after hours on Q2 results beat, new digital growth initiativeAug. 02, 2022 6:16 PM ETHerbalife Nutrition Ltd. (HLF)By:Anuron MitraSA News Editor4 CommentsMario Tama/Getty Images NewsShares of Herbalife Nutrition (NYSE:rose 11%net sales and adj. EBITDA guidance.The company also announced a$400M investmentpostedbeat estimates by $0.33beat expectations by $80M"Net sales growth remains our top priority, so we are encouraged to see that compared to April, our key performance indicators have stabilized," said HLF CEO John Agwunobi in theearnings reportThe company also said it had implemented price increases in most markets late in the quarter on top of previous pricing actions in Q1 to "offset significant increases in input and freight costs."HLF reaffirmed its FY 2022 net sales and adj. EBITDA guidance as its underlying business trends stabilized during Q2.The company sees FY net sales declining 4% to 10% over 2021 vs.consensus revenue estimateHowever, HLF slashed Show less Read more
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