Herbalife (HLF) Tops Q2 EPS by 8c, Raises FY EPS Guidance
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Revenue Growth %: -3.1%
Financial Fact:
NET INCOME: 87.7M
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Herbalife (NYSE: HLF) reported Q2 EPS of $1.29, $0.08 better than the analyst estimate of $1.21. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.19 billion.
Regional Volume Point and Average Active Sales Leader Metrics
| Volume Points (Mil) | Average Active Sales Leaders | ||||||
| Region | 2Q '16 | Yr/Yr % Chg | 2Q '16 | Yr/Yr % Chg | |||
| North America | 347.0 | 14% | 77,596 | 2% | |||
| Asia Pacific | 277.8 | 2% | 73,206 | -3% | |||
| EMEA | 276.9 | 21% | 80,268 | 13% | |||
| Mexico | 242.6 | 10% | 65,073 | 1% | |||
| South & Central America | 160.3 | -7% | 54,510 | -6% | |||
| China | 179.7 | 10% | 31,391 | 31% | |||
| Worldwide Total | 1,484.3 | 9% | 367,891 | 3% | |||
Regional Net Sales and Foreign Exchange (“FX”) Impact
| Region | Reported Net Sales 2Q '16 (mil) | Growth/Decline including FX | Growth/Decline excluding FX | |||||
| North America | $ | 266.5 | 16 | % | 16 | % | ||
| Asia Pacific | $ | 234.6 | -2 | % | 2 | % | ||
| EMEA | $ | 219.0 | 13 | % | 20 | % | ||
| Mexico | $ | 119.3 | -8 | % | 9 | % | ||
| South & Central America | $ | 119.9 | -10 | % | 3 | % | ||
| China | ||||||||
GUIDANCE:
Herbalife sees FY2016 EPS of $4.50-$4.80, versus prior guidance of $4.40-$4.75 and the consensus of $4.75.
Outlook
Based on current business trends the company’s third quarter 2016 and full year 2016 guidance is as follows:
| Three Months Ending | Twelve Months Ending | ||||
| September 30, 2016 | December 31, 2016 | ||||
| Low | High | Low | High | ||
| Volume Point Growth vs 2015 | 5.0% | 8.0% | 4.5% | 7.5% | |
| Net Sales Growth vs 2015 | 2.0% | 5.0% | 1.5% | 4.5% | |
| Diluted EPS | $0.74 | $0.84 | $2.30 | $2.60 | |
| Adjusted(a) Diluted EPS | $0.98 | $1.08 | $4.50 | $4.80 | |
| Cap Ex ($ millions) | $35.0 | $45.0 | $160.0 | $180.0 | |
| Effective Tax Rate | 28.0% | 30.0% | 27.5% | 29.5% | |
| Currency Adjusted(b) Net Sales Growth vs 2015 | 5.5% | 8.5% | 7.0% | 10.0% | |
| Currency Adjusted(b) EPS | $1.12 | $1.22 | $5.40 | $5.70 | |
For earnings history and earnings-related data on Herbalife (HLF) click here.
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