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LOS ANGELES - Herbalife Ltd. (NYSE:HLF) saw its stock jump 13% after the nutrition company reported better-than-expected fourth quarter results and appointed a new CEO.
The company posted adjusted earnings per share of $0.36, significantly beating analyst estimates of $0.11. Revenue came in at $1.2 billion, slightly above the consensus forecast of $1.19 billion.
Net sales declined 0.6% YoY but increased 2.7% on a constant currency basis. The company cited 330 basis points of foreign exchange headwinds impacting reported sales.
Herbalife’s adjusted EBITDA margin expanded 340 basis points YoY to 12.4% in Q4. For the full year 2024, adjusted EBITDA margin rose 140 basis points to 12.7%.
"With three consecutive quarters of new distributor growth, a new incoming CEO and significantly improved Adjusted EBITDA margins, we enter 2025 with strong momentum," said Michael Johnson, Chairman and CEO.
The company announced Stephan Gratziani will take over as CEO effective May 1, with Johnson transitioning to Executive Chairman.
For Q1 2025, Herbalife expects net sales growth of 0% to 4% on a constant currency basis. The company projects full-year 2025 net sales growth of 1% to 7% on a constant currency basis.
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