NYSE$HLF

Herbalife Nutrition Ltd. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Herbalife Nutrition's third quarter results were announced, showing a decrease in net sales and earnings per share compared to the previous year, while also announcing a CEO transition and the withdrawal of full-year guidance.

Herbalife Nutrition reported a decrease in net sales by 9.5% to $1.3 billion compared to Q3 2021. The company reported diluted EPS of $0.83 and adjusted diluted EPS of $0.91. Due to macroeconomic conditions, Herbalife withdrew its full year 2022 guidance. Michael O. Johnson was announced as Chairman and interim CEO.

  • Net sales decreased by 9.5% to $1.3 billion compared to the third quarter of 2021.
  • Reported diluted EPS was $0.83, and adjusted diluted EPS was $0.91, compared to $1.09 and $1.21 respectively in Q3 2021.
  • Net income was reported at $82.2 million, and adjusted EBITDA was $182.8 million.
  • The company reduced its debt levels by paying down $50 million of its revolving credit facility.

Headline financials

Total Revenue

$1.3B

Previous: $1.43B-9.5%
EPS (adj)

$0.91

Previous: $1.21-24.8%
Capital Expenditures

-$114M

Previous: -$105M-8.7%
Free Cash Flow

-$31.4M

Previous: $12.9M-343.4%
Net Income

$82.2M

Previous: $117M-30.0%
Operating Income

$147M

Previous: $189M-22.2%
Gross Profit

$1.01B

Previous: $1.13B-10.3%
Cash & Equivalents

$533M

Previous: $678M-21.5%
Total Assets

$2.73B

Previous: $2.85B-4.5%
Stock-Based Comp

$11.4M

Previous: $14.4M-20.8%

Revenue & EPS history

Herbalife · Revenue · Quarterly

$1.3B

Q3 2022-9.5%vs Q3 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Due to the rapidly shifting macroeconomic sentiment and increased market volatility, the Company is withdrawing its full year 2022 guidance and will reassess its ability to provide guidance periodically.

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 Q3 2022

Historical avgQ3 2022

+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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