Herbalife Raises Guidance After Strong Q1, Declares Dividend
Herbalife 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.
The article Herbalife Raises Guidance After Strong Q1, Declares Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Herbalife. The Motley Fool has the following options: long Jan. 2014 $50 calls. Try any of our Foolish newsletter services free for 30 days. 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.