earnings
confidence high
sentiment positive
materiality 0.75
Herbalife Q2 adj. EBITDA $180M, beats guidance; FY 2024 EBITDA raised
HERBALIFE LTD.
2024-Q2 EPS reported
$0.29
revenue$2,545,400,000
- Net sales $1.3B, down 2.5% YoY but constant currency up 0.2%, driven by Latin America, EMEA, Asia Pacific.
- Adjusted EBITDA $180M (highest in 7 quarters), margin up 120 bps YoY; exceeds guidance.
- Diluted EPS $0.05; adjusted EPS $0.54; restructuring ($0.33) and debt extinguishment ($0.07) headwinds.
- Total leverage ratio reduced to 3.5x; completed sale-leaseback of Torrance, CA office in July.
- Full-year 2024 guidance: net sales forecast lowered, adjusted EBITDA raised; capex reaffirmed.