---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000278"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:16:47.249213+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Herbalife Q4 net sales down 10.4%; Full year adj. EPS $3.40 vs $4.79; no FY2023 guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000278
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/0001157523-23-000278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/a53322855.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000278
- JSON: https://secwatch.observer/filing/0001157523-23-000278.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000278.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/0001157523-23-000278-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/0001157523-23-000278-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.