Herbalife has released its Q4 and 2012 results. For the quarter, net sales came in at $1.1 billion, or 20% higher than in the same period of 2011. Net income was $118 million ($1.05 per diluted share), up from Q4 2011's $105 million ($0.86). On average, analysts had expected $1.05 billion in revenue and per-share net profit of $1.03.
For the entirety of fiscal 2012, the firm posted record net sales of $4.1 billion, an 18% increase over 2011's result. Net income landed at $477 million ($4.05 diluted EPS), an improvement over the $413 million ($3.30) of the previous year.
Herbalife, which has been the subject of lasting controversy after high-profile investor Bill Ackman accused it of being a pyramid scheme late in 2012, also raised its forward guidance. It now expects year-on-year growth in net sales of 15%-17% and diluted EPS of $1.03-$1.07 for its current quarter and 12%-14% and $4.45-$4.65, respectively, in fiscal 2013.
Additionally, the firm declared its latest quarterly dividend. It will pay $0.30 per share on March 19 to shareholders of record as of March 5. That amount matches the company's previous disbursement.
The article Herbalife Posts Record 2012 Sales and Raises Guidance originally appeared on Fool.com.
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