secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001157523-23-000278
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/0001157523-23-000278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/a53322855.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000278

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