Where Herbalife stands currently when it comes to pure performance
Navi Mumbai, Maharashtra -- (SBWIRE) -- 09/16/2013 -- Los Angeles-based Herbalife has been in the news recently following hedge fund manager Bill Ackman’s ‘onslaught’ on its business model. With lobbying in progress behind the scenes, numbers from the latest 3-month reported period should stand by its side.
On their Q2 2013 earnings call, Michael Johnson, Herbalife’s CEO went on to call this quarter’s results ‘record performance’ both from a top and bottom line perspective. While net sales rose a healthy 18% over last year’s second quarter, earnings per share or EPS showed a massive 29% increase over the same time last year.
Later in the call, CFO John DeSimone provided the raised full year 2013 volume growth figures to range between 11.5% to 13.5%, an increase of 250 basis points versus previously provided guidance. In terms of guidance on EPS, this was also raised for full year 2013. John DeSimone stated that for 2013 EPS “we are taking the low end of the range up $0.23 per share and the high end of the previous range up by $0.15 per share. We now expect adjusted EPS to be in the range of $4.83 to $4.95. The full year adjusted EPS guidance includes a year-over-year currency headwind of approximately $0.30 per share”. For the upcoming third quarter, Herbalife have guided for adjusted EPS to be between $1.09 and $1.13.
Commenting on market rumors at that point in time and growth programs in Herbalife’s lineup, Michael Johnson spoke briefly on the subject stating that “these changes will help clarify miss-information introduced in to the market and spread to several special interest groups here in America who have been badly deceived about how our business really works”.
With Carl Icahn stepping in to defend Herbalife, all eyes would now be on their next earnings release in a month-and-a-half from now to see what impact this actually has on HLF’s stock which was trading at $69.35 at close on September 13th.
Find the complete Q2 presentations of Michael Johnson and John DeSimone along with their insightful Q&A session with analysts here.
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