earnings
confidence high
sentiment positive
materiality 0.75
Herbalife Q3 net sales $1.2B (-3.2% YoY), adjusted EBITDA $166.5M beats guidance; FY EBITDA guidance raised
HERBALIFE LTD.
2024-Q3 EPS reported
$0.75
revenue$3,785,700,000
- Net sales $1.2B, down 3.2% YoY (flat constant currency); net income $47.4M, diluted EPS $0.46.
- Adjusted net income $58.0M, adjusted diluted EPS $0.57; adjusted EBITDA $166.5M, margin up 70bps YoY.
- Pre-tax gain on sale of property ~$4M; net cash from ops $99.5M; leverage ratio reduced to 3.3x.
- Full-year 2024 guidance: net sales range narrowed, adjusted EBITDA raised, capex top end reduced.
- Credit Agreement EBITDA $197.2M; total leverage ratio 3.3x at quarter end.