Net sales

Herbalife Nutrition Announces Largest Annual Net Sales in Company History for 2021

HerbalifeNutrition released its full-year 2021 financial results, reporting net sales of $5.8 billion, a 4.7% increase over 2020 and the largest annual net sales in the company history. Diluted EPS ($4.13), Adjusted Diluted EPS ($4.79), Reported Net Income ($447.2 million) and Adjusted EBITDA ($873.5 million) also beat the company annual records.

“Global trends continue to drive demand for our science-backed nutrition products, resulting in another banner year for Herbalife Nutrition,” said President and CEO John Agwunobi.

Net sales for the fourth quarter in 2021 fell 6.6% to $1.3 billion from the fourth quarter of last year, which the company attributes to a difficult comparison period. On a two-year comparison basis, the company actually grew 8% from the fourth quarter of 2019. Net income for the quarter reached $38.2 million with adjusted EBITDA of $131.6 million. .

The company’s three largest regions (Asia Pacific, North America and EMEA) each set annual net sales records. In the fourth quarter, the Indian operations increased net sales by 33% year-on-year. To support this continued growth, the company announced the opening of a 155,000 square foot Center of Excellence in the Indian market that will offer a global business services center, quality lab, innovation space for distributors and a research and development center.

“Investing in the future of our business remains a key priority, along with identifying opportunities for efficiency and improved productivity to drive long-term shareholder value,” the CFO said. Alex Amezquita.

Guidance for 2022 includes net sales guidance of between flat and 6% growth and adjusted diluted EPS of between $4.25 and $4.75. Adjusted EBITDA guidance is expected to be between $785 million and $845 million. This full-year forecast assumes a share buyback of $50 million per quarter.