Herbalife Ltd. Beats Earnings Estimates

Herbalife Ltd. Beats Earnings Estimates

Herbalife Ltd. (NYSE:HLF) released its fourth quarter earnings report after closing bell tonight, posting adjusted earnings of $1.19 per share an $1.1 billion in revenue, against the consensus estimates of 94 cents per share and $1.06 billion. The multi-level marketing firm said the result beat the high end of guidance at $1 per share.

Herbalife reports strong growth

Reported earnings were 98 cents per share for the fourth quarter, compared to $1.21 per share for the fourth quarter of 2014. The company said currency fluctuations negatively impacted its fourth quarter net income by $26 million and its reported earnings by 30.2 cents per share.

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Herbalife said total volume points in the fourth quarter climbed 5% year over year, which beat management’s previously provided guidance. Net sales grew 9.7% in local currencies year over year for the fourth quarter and 4.7% for the full year. Overall, net sales fell 3.1% in the fourth quarter due mostly to currency headwinds.

The number of sales leaders qualifying through the new 4K cumulative method Herbalife recently adopted climbed to 76% for 2015, compared to 48% in 2014. The number of active sales leaders grew 5% year over year, while the sales leader retention rate for the full year was 54.2%. Herbalife also recorded an increas