Herbalife’s Positive Trends Continue
August 10, 2015 Leave a comment
Michael Johnson, Chairman and CEO of Herbalife (HLF—NYSE), says that the positive trends reported at the beginning of the year have continued on into the second quarter of 2015, again exceeding expectations. During the earnings call for investors on Aug. 5, Johnson commended the leadership of the company’s senior sales leaders, as well as the “resilience of all of our members and employees and their passion and determination” in support of the continuing positive trends.
Johnson went on to say that the company’s optimism is based upon the engagement and excitement of members and the recent changes to the marketing plan designed to “create a more consumer-focused and sustainable business.”
The company reported net sales of $1.2 billion. Though this represents an 11 percent decline from the prior-year period, it shows a net sales growth of 1 percent on a local currency basis. Second-quarter adjusted EPS was $1.24 per diluted share, which exceeded the hight end of the guidance of $1.15.
In July, the company had its largest attendance for a North American event in its history—22,000 members gathering in St. Louis. Other regions of the world also had record attendance.
To listen to the entire investor’s call or read the transcript, click here.