Herbalife Nutrition Ltd. (HLF—NYSE) reported net sales were $1.5 billion for the third quarter ended September 30, 2020, an increase of 22.3 percent compared to the third quarter 2019 and represents the largest quarterly result in company history. Net sales increased 25.1 percent during the third quarter compared to 2019. Volume points were 1.9 billion, also a quarterly record for the company, increasing 23.2 percent compared to the third quarter 2019. Third quarter 2020 reported diluted EPS of $1.04 and adjusted diluted EPS of $1.15, compared to $0.58 and $0.73, respectively, for the third quarter 2019. During the third quarter, the company repurchased approximately 16.4 million of its common shares at an aggregate cost of approximately $800 million. Fourth-quarter guidance and FY 2020 net sales guidance ranges were 10.0 percent to 20.0 percent and 12.2 percent to 14.7 percent growth, respectively.
Herbalife Q3 Sales Up 22 Percent to $1.5 Billion
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