Herbalife Nutrition, a leading worldwide nutrition company, stated today that its third-quarter and full-year 2021 outlook has been revised. To ensure that investors have the most up-to-date financial information, the Company is releasing this disclosure ahead of its virtual Investor Day on September 14, 2021.
The Company has witnessed lower-than-expected activity among its independent distributors, resulting in lower-than-expected third-quarter and full-year net revenues. Despite this, we expect net sales growth in the third quarter to be between 14 and 18 percent higher than in the third quarter of 2019, and growth for the whole year to be between 19 and 23 percent higher than in the full year of 2019.
For the previous eight quarters, the Company has produced year-over-year growth, including four consecutive quarters of double-digit net sales growth. We are on track for another record sales year, with a strong growth trajectory and significant cash generation, allowing us to benefit from the fundamental tailwinds that are driving the global nutrition industry, as well as strong demand for our science-based products, as consumers continue to value good nutrition. “However, uncertainty in global markets, fuelled by the pandemic’s prolonged duration, has created unique obstacles in projecting channel behavior,” said John Agwunobi, CEO of Herbalife Nutrition.
About Herbalife Nutrition Ltd.
Since 1980, Herbalife Nutrition has been transforming people’s lives by providing outstanding nutrition products and a business opportunity for its independent distributors. The company sells high-quality, science-backed products in over 90 countries through entrepreneurial distributors who give one-on-one coaching and a supportive community to encourage clients to live a better, more active lifestyle. Herbalife Nutrition is devoted to giving nutrition and education to communities all over the world as part of the Company’s global hunger-eradication program.
