2023-08-02 16:31:43 ET
- Herbalife press release ( NYSE: HLF ): Q2 Non-GAAP EPS of $0.74 beats by $0.05 .
- Revenue of $1.31B (-5.8% Y/Y) beats by $30M .
- Second quarter 2023 reported net income of $59.9 million and adjusted EBITDA 2 of $169.6 million
- Annual cost savings of at least $90 million now expected related to Company’s Transformation Program, with more than $45 million anticipated to be realized in 2023
- Recognized pre-tax expenses of approximately $10 million in second quarter related to Company’s Transformation Program
- Herbalife One digital technology platform development continues to progress and remains on track.
- Shares +8.29% .
For further details see:
Herbalife Non-GAAP EPS of $0.74 beats by $0.05, revenue of $1.31B beats by $30M