8-K
filed February 14, 2023, 6:59 PM ET
ticker HLF
CIK 0001180262
earnings
confidence high
sentiment negative
materiality 0.80
Herbalife Q4 net sales down 10.4%; Full year adj. EPS $3.40 vs $4.79; no FY2023 guidance
HERBALIFE LTD.
2022-FY EPS reported
$3.23
revenue$5,204,400,000
- Full year 2022 net sales $5.2B, down 10.3% YoY; reported diluted EPS $3.23, adjusted $3.40 (down from $4.79).
- Q4 2022 net sales $1.2B, down 10.4% YoY; reported diluted EPS $0.55, adjusted $0.53 (down from $0.57).
- Reduced nominal debt by ~$60M in Q4; expects 2023 free cash flow largely to reduce debt toward 3.0x leverage target.
- Withdrawing FY2023 guidance due to macroeconomic uncertainty; Transformation Program targets at least $70M annual savings.
- Sales leader retention rate 67.6%; new distributors and preferred customers down ~1% YoY.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HERBALIFE LTD. reported the fiscal year ended December 31, 2022 results: revenue $5.2 billion, net income $321.3 million, EPS $3.23.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $5.2 billion
- Net income
- $321.3 million
- EPS
- $3.23
- Result
- reported results
Exact text from the filing
Full year 2022 net sales of $5.2 billion, a 10.3% decrease compared to the full year 2021. On a constant currency basis 1 , net sales declined 5.4% compared to the prior year. Full year 2022 reported diluted EPS of $3.23 and adjusted 2 diluted EPS of $3.40, compared to full year 2021 reported and adjusted 2 diluted EPS of $4.13 and $4.79, respectively. Full year 2022 reported net income of $321.3 million and adjusted 2 EBITDA of $694.5 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HERBALIFE LTD. reported the fourth fiscal quarter ended December 31, 2022 results: revenue $1.2 billion, net income $54.4 million, EPS $0.55.
- Period
- the fourth fiscal quarter ended December 31, 2022
- Revenue
- $1.2 billion
- Net income
- $54.4 million
- EPS
- $0.55
- Result
- reported results
Exact text from the filing
Fourth quarter 2022 net sales of $1.2 billion, a 10.4% decrease compared to the fourth quarter 2021. On a constant currency basis 1 , net sales declined 4.2% compared to the prior year period. Fourth quarter 2022 reported diluted EPS of $0.55 and adjusted 2 diluted EPS of $0.53, compared to fourth quarter 2021 reported and adjusted 2 diluted EPS of $0.37 and $0.57, respectively. Fourth quarter 2022 reported net income of $54.4 million and adjusted 2 EBITDA of $130.7 million.
View on SEC.gov
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