Categories Consumer, Earnings

Herbalife Nutrition Ltd. (NYSE: HLF): Q4 2019 Earnings Snapshot

— Herbalife Nutrition Ltd. (NYSE: HLF) reported adjusted earnings of $0.74 per share for the fourth quarter of 2019, vs. $0.63 per share expected.

— Net income increased to $56.7 million or $0.40 per share from $48.9 million or $0.34 per share last year

— Net sales increased 2.8% year-over-year to $1.2 billion during the three-month period, vs. $1.22 billion expected

— Sales climbed 17.8% in Asia Pacific, 3.5% in EMEA and rose 8.9% in North America

— Volume points increased 3.8% compared to the fourth quarter of 2018; excluding China, volume points moved up 5.8%

— John Agwunobi, who has been named the new CEO, will also assume the role of Chairman of the Board

— Michael Johnson will retire as Chairman and CEO after 17 years at the company

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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