07 May 2019 | News
Excluding China, volume points increased 10% compared to the prior year period.
Herbalife Nutrition has reported financial results for the first quarter ended March 31, 2019:
“In the first quarter of 2019, the momentum of our geographically diverse business continued with net sales growth in four of our six regions. We are confident that our strategies will drive volume growth in 2019,” said Michael O. Johnson, Chairman and CEO of Herbalife Nutrition.
1 Excluding adjustments to volume point values in 2018, the year over year change would have been an increase of 5.6%. See Regional Volume Point Metrics below.
2 Adjusted diluted EPS is a non-GAAP measure and, for guidance purposes, excludes the impact of: non-cash interest expense associated with the Company’s convertible notes and expenses related to regulatory inquiries. Adjusted diluted EPS for reported results purposes, excludes the impact of the foregoing as well as impacts relating to contingent value rights revaluation, insurance recoveries and China grant income. See Schedule A – “Reconciliation of Non-GAAP Financial Measures” for a detailed reconciliation of adjusted net income to net income calculated in accordance with GAAP and a reconciliation of adjusted diluted EPS to diluted EPS calculated in accordance with GAAP and a discussion of why we believe these non-GAAP measures are useful.
3 See Schedule A - “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of adjusted diluted share count to reported diluted share count and a discussion of why the share count has been adjusted for purposes of calculating adjusted diluted EPS for the first quarter of 2019 and second and full year 2019 guidance.