NYSE$HLF

Herbalife Nutrition Ltd. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Net sales decreased slightly, but the year-over-year net sales trends improved for three sequential quarters.

Herbalife reported Q3 2023 net sales of $1.3 billion, a 1.1% decrease year-over-year. Net income was $42.8 million, and diluted EPS was $0.43. The company is on track to achieve year-over-year net sales growth in the fourth quarter.

  • Third quarter net sales decreased by 1.1% compared to Q3 2022.
  • Net sales trends improved for three sequential quarters.
  • Net income was $42.8 million and adjusted EBITDA was $163.3 million.
  • Diluted EPS was $0.43 and adjusted diluted EPS was $0.65.

Headline financials

Total Revenue

$1.28B

Previous: $1.3B-1.1%
EPS (adj)

$0.65

Previous: $0.91-28.6%
Gross Profit Margin

76.3%

No prior period
Capital Expenditures

-$99.7M

Previous: -$114M+12.2%
Free Cash Flow

-$56.9M

Previous: -$31.4M-81.2%
Net Income

$42.8M

Previous: $82.2M-47.9%
Operating Income

$107M

Previous: $147M-27.6%
Gross Profit

$978M

Previous: $1.01B-3.2%
Cash & Equivalents

$496M

Previous: $533M-6.9%
Total Assets

$2.72B

Previous: $2.73B-0.0%
Stock-Based Comp

$13.7M

Previous: $11.4M+20.2%

Revenue & EPS history

Herbalife · Revenue · Quarterly

$1.28B

Q3 2023-1.1%vs Q3 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Herbalife expects to achieve year-over-year net sales growth in the fourth quarter as trends continue to improve and initiatives implemented are taking root and will translate into improved future profitability.

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 2023

Historical avgQ3 2023

+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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