Earnings release
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HERBALIFE C NUTRITION Herbalife Nutrition Reports Fourth Straight Quarter of Year - Over - Year Double - Digit Net Sales Growth LOS ANGELES , August 3rd , 2021 Herbalife Nutrition Ltd. ( NYSE : HLF ) today reported financial results for the second quarter ended June 30 , 2021 : HIGHLIGHTS Second quarter 2021 net sales of $ 1.6 billion , a 15 % increase compared to the second quarter 2020 . Five of six geographic regions reported year - over - year net sales growth in the quarter with four of six regions exceeding 20 % growth . Second quarter 2021 reported diluted EPS of $ 1.31 and adjusted¹ diluted EPS of $ 1.522 , compared to $ 0.82 and $ 0.972 , respectively , for the second quarter 2020. Second quarter 2021 reported and adjusted earnings per share increased 60 % and 57 % , respectively , compared to the second quarter 2020 . Reported net income for the quarter of $ 144.2 million increased 25 % compared to the second quarter 2020 . Second quarter 2021 adjusted¹ EBITDA of $ 262.1 million represents the largest quarterly adjusted EBITDA result in Company history . Updating FY 2021 guidance , including net sales guidance range to 8.5 % to 12.5 % growth , and adjusted³ diluted EPS guidance range to $ 4.70 $ 5.10 . Initiating FY 2021 adjusted³ EBITDA guidance of $ 875 million - $ 935 million . " We delivered double digit net sales growth for the fourth straight quarter . All three of our core product categories grew double - digits , which includes the Energy , Sports and Fitness category , which increased 45 % compared to the prior year . " - John Agwunobi , Chairman and CEO of Herbalife Nutrition ¹ Adjusted diluted EPS and adjusted EBITDA are non - GAAP measures . See Schedule A - " Reconciliation of Non - GAAP Financial Measures " for a detailed reconciliation of these measures to the most directly comparable GAAP measure , and a discussion of why we believe these non - GAAP measures are useful . 2 Second quarter 2021 results were impacted by China grant income of approximately $ 0.5 million , or $ 0.00 per diluted share and expenses related to the China Growth and Impact Investment Program of approximately $ 5.2 million or $ 0.04 per diluted share . Second quarter 2020 results were impacted by China grant income of approximately $ 3.3 million , or $ 0.02 per diluted share and expenses related to the China Growth and Impact Investment Program of approximately $ 2.3 million or $ 0.01 per diluted share . Second quarter 2020 adjusted results have been updated in Schedule A to no longer exclude China grant income . 3 Adjusted diluted EPS and adjusted EBITDA are non - GAAP measures . See the " Outlook " discussion below and the related footnotes and Schedule A for additional information regarding adjusted diluted EPS and adjusted EBITDA guidance .