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Herbalife (HLF) Provides Q4, FY17 Guidance in Memorandum for $1.325B Credit Facility; Lowers FY17 Sales Guidance

January 20, 2017 7:40 AM EST

(Updated - January 20, 2017 7:46 AM EST)

In connection with Herbalife Ltd. (NYSE: HLF) files memorandum for $1.325B senior secured credit facility, which includes preliminary information regarding the Company’s fourth quarter 2016 financial results and updated information regarding the Company’s 2017 guidance.

Sees Q4 EPS of $0.80 and $1.00 (*** consensus is $0.98) and FY 2017 EPS of $4.20-$4.60 (*** consensus is $4.68).

The company sees Q4 net sales down 6-4% versus last year.

The company is lowering FY 2017 net sales guidance by 320 bp versus prior guidance.

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