— Herbalife Nutrition Ltd. (NYSE: HLF) reported its third-quarter 2019 adjusted earnings of $0.73 per share versus $0.64 per share expected.
— Worldwide net sales rose by 0.1% to $1.245 billion versus $1.23 billion expected. Excluding China, net sales increased by 6.1%.
— Sales from the Asia Pacific jumped by 18.3% while that from China fell by 21.7%. North America sales increased by 7.1% while sales from South & Central America declined by 9.1%. EMEA sales rose 2.7% while Mexico sales dropped by 3.9%.
— Volume points of 1.5 billion, increased 2.3% compared to last year. Excluding China, volume points increased by 5.2%.
— Looking ahead into the fourth quarter, the company expects adjusted earnings of $0.52 to $0.72 per share. Net sales growth is predicted to be between a negative of 0.9% and a positive of 4.6%
— For the full year 2019, the company sees adjusted earnings in the range of $2.89 to $3.09 per share. Net sales growth for the full year is projected to be between a negative of 1.2% and a positive of 0.1%.
— For the full year 2020, adjusted earnings are anticipated to be in the range of $2.70 to $3.20 per share. Net sales growth is likely to be in the 1% to 7% range.
— The board of directors announced that John Agwunobi, Co-President, and Chief Health and Nutrition Officer, will become Chief Executive Officer, effective March 30, 2020.
— On March-end, John DeSimone, Co-President and Chief Strategic Officer, will become President. Michael Johnson, who is serving as CEO on an interim basis, will remain Chairman of the board.
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