NYSE$HLF

Herbalife Nutrition Ltd. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record net sales and raised full year guidance.

Herbalife Nutrition reported record first quarter net sales of $1.5 billion, an 18.9% increase compared to the first quarter 2020. The company raised its full year 2021 net sales guidance to 9.0% to 15.0% growth and raised its reported and adjusted diluted EPS guidance.

  • First quarter net sales increased by 18.9% compared to Q1 2020, reaching $1.5 billion.
  • Diluted EPS was reported at $1.33, while adjusted diluted EPS reached $1.42.
  • The company is raising FY 2021 net sales guidance ranges to 9.0% to 15.0% growth.
  • The company executed approximately $621 million in share repurchases during the first quarter.

Headline financials

Total Revenue

$1.5B

Previous: $1.26B+18.9%
EPS (adj)

$1.42

Previous: $0.83+71.1%
Capital Expenditures

-$33.4M

Previous: -$24.4M-36.9%
Free Cash Flow

$114M

Previous: $21.2M+437.7%
Net Income

$147M

Previous: $45.6M+223.2%
Operating Income

$223M

Previous: $95.6M+132.7%
Gross Profit

$1.19B

Previous: $1.02B+16.8%
Cash & Equivalents

$612M

Previous: $944M-35.2%
Total Assets

$2.67B

Previous: $2.72B-1.8%
Stock-Based Comp

$13.3M

Previous: $10.3M+29.1%

Revenue & EPS history

Herbalife · Revenue · Quarterly

$1.5B

Q1 2021+18.9%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The company provided guidance for the second quarter and full year 2021.

Tailwinds

  • Volume Point Growth vs 2020 Low: 6.5%
  • Volume Point Growth vs 2020 High: 12.5%
  • Net Sales Growth vs 2020 Low: 13.5%
  • Net Sales Growth vs 2020 High: 19.5%
  • Adjusted Diluted EPS Guidance High: $1.37

Headwinds

  • Volume Point Growth vs 2020 Low: 4.5%
  • Volume Point Growth vs 2020 High: 10.5%
  • Net Sales Growth vs 2020 Low: 9.0%
  • Net Sales Growth vs 2020 High: 15.0%
  • Adjusted Diluted EPS Guidance High: $5.05

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.4%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-1.5%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+42.7%

Q4 2024

Best reaction

-31.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.2%-17.2%-30.7%
Q4 2025+18.3%+18.5%-11.1%
Q3 2025+10.7%+10.0%+48.1%
Q1 2025-7.9%-4.7%+8.5%
Q4 2024+42.7%+47.5%+50.0%
Q3 2024+8.5%+18.2%+11.6%
Q2 2024-9.4%-22.8%-34.1%
Q1 2024+8.4%+12.4%+19.1%
Q4 2023-31.9%-31.6%-24.1%
Q3 2023-2.5%-3.3%-7.7%
Q2 2023+14.8%+13.3%-5.7%
Q1 2023-8.6%-6.4%-20.8%
Q4 2022+27.1%+22.0%+7.3%
Q3 2022-2.8%-24.5%-18.5%
Q2 2022+12.0%+13.2%+7.2%
Q1 2022-3.4%-8.7%-16.3%
Q4 2021-16.7%-14.5%-25.8%
Q3 2021-3.7%-5.3%-17.6%
Q2 2021-5.7%-5.2%+2.9%
Q1 2021+3.2%+9.1%+18.0%
Q4 2020-10.5%-18.6%-17.7%
Q3 2020+2.1%-6.0%+5.1%
Q2 2020-3.4%-5.2%-4.6%
Q1 2020+22.0%+16.4%+35.3%
Q4 2019-2.8%-5.6%-26.3%
Q3 2019+10.6%+9.4%+13.0%
Q2 2019-7.4%-6.6%-16.1%
Q1 2019-5.9%-6.7%-22.2%
Q4 2018-0.9%-0.6%-1.0%
Q3 2018-1.9%-1.5%+4.8%
Q2 2018+11.8%+15.0%+9.6%
Q1 2018+5.1%+4.6%-3.9%
Q4 2017+3.2%+4.5%+18.0%
Q3 2017-3.4%-6.5%-1.7%
Q2 2017-1.9%-0.9%+3.8%
Q1 2017+11.2%+16.6%+18.4%
Q4 2016-6.6%-7.0%-6.1%
Q3 2016-8.6%-9.4%-20.5%
Q2 2016+1.1%+0.4%-8.1%
Q1 2016+9.9%
Q4 2015+19.3%
Q3 2015-1.7%
Q2 2015+14.4%
Q1 2015+11.0%
Q4 2014-7.9%
Q3 2014-15.6%
Q2 2014-11.7%
Q1 2014+4.0%
Q4 2013-0.3%
Q3 2013+2.4%
Q2 2013+2.7%
Q1 2013+3.8%
Q4 2012-2.5%
Q3 2012+1.5%
Q2 2012+2.0%
Q1 2012-15.3%
Q4 2011+10.2%
Q3 2011-5.4%
Q2 2011+5.3%
Q1 2010+13.9%
Q1 2011-0.7%
Q4 2008+10.6%
Q4 2010+10.6%
Q3 2009-1.7%
Q3 2010-1.7%
Q2 2009+10.7%
Q2 2010+10.7%
Q4 2009+10.7%

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