Herbalife Nutrition Raises Full Year 2021 Guidance; Reports Record First Quarter Net Sales with Growth of 18.9% Versus Prior Year

Rhea-AI Summary

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. Five out of six geographic regions experienced sales growth, and March recorded the highest monthly sales to date. Adjusted diluted EPS rose to $1.42, a 61.4% increase from Q1 2020. The company has raised its fiscal year 2021 sales guidance to a growth range of 9.0% to 15.0%, along with adjustments to its EPS guidance, projecting reported EPS between $4.41 and $4.81.

Positive

• Q1 2021 net sales reached $1.5 billion, an 18.9% increase from Q1 2020.
• March recorded the highest worldwide net sales in a single month.
• Adjusted diluted EPS increased to $1.42, a 61.4% rise from the previous year.
• Raised FY 2021 net sales guidance to 9.0% - 15.0% growth.

Negative

• None.

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 18.9% Versus Prior Year (Graphic: Business Wire)

HIGHLIGHTS

• First quarter 2021 net sales of $1.5 billion, an 18.9% increase compared to the first quarter 2020. Five of six geographic regions reported year-over-year net sales growth in the quarter.
  
• March worldwide net sales set a single-month, net sales record.
  
• First quarter 2021 reported diluted EPS of $1.33 and adjusted¹ diluted EPS of $1.42², compared to $0.32 and $0.88², respectively, for the first quarter 2020. First quarter 2021 adjusted earnings per share increased 61.4% compared to the first quarter 2020.
  
• Raising FY 2021 net sales guidance ranges to 9.0% to 15.0% 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

FAQ

What were Herbalife's Q1 2021 net sales figures?

Herbalife reported Q1 2021 net sales of $1.5 billion, an 18.9% increase from Q1 2020.

How much did adjusted diluted EPS increase in Q1 2021 for HLF?

In Q1 2021, Herbalife's adjusted diluted EPS increased to $1.42, a 61.4% rise compared to Q1 2020.

What is the new sales guidance for HLF in FY 2021?

Herbalife raised its FY 2021 net sales guidance to a range of 9.0% to 15.0% growth.

What record did Herbalife achieve in March 2021?

In March 2021, Herbalife achieved the highest monthly net sales record globally.