Herbalife Raises Guidance After Strong Q1, Declares Dividend

By Eric Volkman – Apr 29, 2013 at 9:08PM

NYSE: HLF

Herbalife

Market Cap

$918M

Today's Change

(-0.43%) -$0.04

Current Price

$9.20

Price as of April 24, 2024, 4:00 p.m. ET

The company posts gains in its key financials for the quarter.

Herbalife (HLF -0.43%) results for the company's Q1 have been released. For the quarter, net sales came in at $1.1 billion, up 17% from the $964 million in the same period the previous year. Net profit also notched a gain, rising to nearly $119 million ($1.10 per diluted share) from Q1 2012's $108 million ($0.88).

The firm's guidance for Q1 2013 was for 15%-17% sales growth and EPS of $1.03-$1.07.

Herbalife also announced revised forward guidance. For its current Q2, net sales are anticipated to grow 11%-13% on a year-over-year basis, with diluted EPS amounting to $1.14-$1.18. Those figures for the entirety of 2013 are expected to be 13%-15% and $4.60-$4.80, respectively.

Fool contributor Eric Volkman has no position in Herbalife. The Motley Fool has the following options: long Jan. 2014 $50 calls. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.