Herbalife Nutrition Raises Full Year 2021 Guidance; Reports Record First Quarter Net Sales with Growth of 18.9% Versus Prior Year
Herbalife Nutrition Ltd. (NYSE: HLF) reported strong financial results for Q1 2021, with net sales of $1.5 billion, marking an 18.9% increase year-over-year.
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Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the first quarter ended March 31, 2021:
Herbalife Nutrition Raises Full Year 2021 Guidance; Reports Record First Quarter Net Sales with Growth of
HIGHLIGHTS
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First quarter 2021 net sales of
$1.5 billion , an18.9% increase compared to the first quarter 2020. Five of six geographic regions reported year-over-year net sales growth in the quarter.
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March worldwide net sales set a single-month, net sales record.
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First quarter 2021 reported diluted EPS of
$1.33 and adjusted1 diluted EPS of$1.42 2, compared to$0.32 and$0.88 2, respectively, for the first quarter 2020. First quarter 2021 adjusted earnings per share increased61.4% compared to the first quarter 2020.
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Raising FY 2021 net sales guidance ranges to
9.0% to15.0% growth, as well as raising FY 2021 reported and adjusted1 diluted EPS guidance ranges to$4.41 –$4.81 and$4.65 –$5.05 , respectively.
MANAGEMENT COMMENTARY