Herbalife Ltd ( (HLF) ) has realeased its Q3 earnings. Here is a breakdown of the information Herbalife Ltd presented to its investors.
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Herbalife Ltd. is a global health and wellness company known for offering nutrition products and business opportunities through its network of independent distributors in over 90 markets worldwide.
In its third-quarter financial report for 2024, Herbalife Ltd. revealed that its net sales met expectations while the adjusted EBITDA exceeded guidance, prompting an upward revision of its full-year adjusted EBITDA forecast.
The company reported net sales of $1.2 billion, reflecting a 3.2% decline compared to the previous year, impacted by significant foreign currency headwinds. Despite this, Herbalife achieved a net income of $47.4 million and an adjusted net income of $58.0 million. Impressively, the adjusted EBITDA reached $166.5 million, surpassing earlier guidance and improving the EBITDA margin by 70 basis points year-over-year.
Herbalife’s strategic initiatives seem promising as distributor recruitment increased by 14% worldwide, signaling a rejuvenated energy within the company. Notably, Herbalife’s ongoing training programs, including the Diamond Development Mastermind Program, are enhancing distributor engagement and performance.
Looking ahead, Herbalife has expressed optimism about its financial health, with plans to reduce its leverage ratio and debt significantly by 2025. The company remains focused on sustainable growth and strengthening its financial foundation, as echoed by the management’s forward-looking statements.
