Herbalife Q3 net sales $1.3B (-1.1% YoY); adj. EPS $0.65; transformation savings target raised to $60M

HERBALIFE LTD.

2023-Q3 EPS reported $1.32 revenue$3,847,400,000

Q3 net sales $1.3B, down 1.1% YoY (down 1.5% constant currency); third consecutive quarter of improved YoY trends.
Reported net income $42.8M ($0.43 diluted EPS); adjusted diluted EPS $0.65; adjusted EBITDA $163.3M (12.7% margin).
Transformation Program: now expects at least $60M cost savings in 2023 (up from $45M); $67M of total program expenses incurred to date.
Repurchased $65.5M of 2024 Convertible Notes in Q3; remaining $197.0M principal outstanding.
Launched all-new Herbalife.com website in Singapore; on track to roll out to ~40 markets by year-end.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HERBALIFE LTD. reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 1, 2023, Herbalife Ltd. (the “Company”) issued a press release announcing its financial results for its third fiscal quarter ended September 30, 2023.

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

HERBALIFE LTD. filing history →

Source: SEC EDGAR

accession 0001157523-23-001598

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