earnings
confidence high
sentiment negative
materiality 0.75
Herbalife Nutrition cuts Q3/FY2021 guidance; net sales growth midpoint lowered 400 bps
HERBALIFE LTD.
- Q3 net sales expected down 3.5%-6.5% vs 2020; prior midpoint lowered 700 bps.
- FY 2021 net sales growth revised to 4.5%-8.5% vs 2020 (midpoint down 400 bps).
- Adjusted diluted EPS guidance: Q3 $1.00-$1.20; FY $4.55-$4.95 (midpoint -$0.15).
- Adjusted EBITDA guidance: Q3 $200-$220M; FY $860-$910M (prior $875-$935M).
- Company plans >$200M share repurchase in H2; active sales leaders up 10% vs 2020.