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Herbalife Diet launched its full yr 2021 monetary outcomes, reporting web gross sales of $5.8 billion, a 4.7% improve over 2020 and the most important annual web gross sales in firm historical past. Diluted EPS ($4.13), adjusted diluted EPS ($4.79), reported web revenue ($447.2 million) and adjusted EBITDA ($873.5 million) additionally beat annual firm report highs.
“International tendencies proceed to drive demand for our science-backed diet merchandise, leading to one other report yr for Herbalife Diet,” mentioned Chairman and CEO John Agwunobi.
Fourth quarter web gross sales in 2021 have been down 6.6% to $1.3 billion in comparison with the fourth quarter of final yr, which the corporate attributes to a difficult comparability interval. On a two-year comparability foundation, the corporate really grew 8% when in comparison with the fourth quarter of 2019. Web revenue for the quarter reached $38.2 million with an adjusted EBITDA of $131.6 million.
The corporate’s three largest areas—Asia Pacific, North America and EMEA—every set annual web gross sales data. Within the fourth quarter, Indian enterprise elevated web gross sales 33% year-over-year. To help this continued development, the corporate introduced the opening of a 155,000 sq. foot middle of excellence within the Indian market that may supply a world enterprise providers middle, high quality laboratory, distributor innovation house and a analysis and growth facility.
“Investing in the way forward for our enterprise stays a key precedence, in addition to figuring out alternatives for efficiencies and enhancements in productiveness so as to drive long-term shareholder worth,” mentioned CFO Alex Amezquita.
Forecasts for 2022 embody steerage for web gross sales within the vary of flat to six% development and adjusted diluted EPS between $4.25-$4.75. Adjusted EBITDA steerage is anticipated to reside between $785 million-$845 million. This full yr steerage assumes a share repurchase of $50 million per quarter.
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